{"id":1585134,"date":"2024-06-19T10:25:52","date_gmt":"2024-06-19T14:25:52","guid":{"rendered":"https:\/\/sports7.us\/?p=1585134"},"modified":"2024-06-19T10:27:28","modified_gmt":"2024-06-19T14:27:28","slug":"michigan-reports-40m-in-mobile-revenue-posts-12-hold-in-may","status":"publish","type":"post","link":"https:\/\/sports7.us\/news\/michigan-reports-40m-in-mobile-revenue-posts-12-hold-in-may\/","title":{"rendered":"Michigan Reports $40M In Mobile Revenue, Posts 12% Hold In May"},"content":{"rendered":"
The Michigan Gaming Control Board reported $239.5 million in online gambling revenue, $40.9 million in gross mobile sports betting revenue, and a 12%.1 hold for May on Tuesday. If retail numbers are factored in, operators collected $42.8 million in gross winnings.<\/p>\n
May's win rate was the second highest with sports betting apps<\/a> available behind the 13.2% hold posted in September 2022. Plus, it was the third consecutive May that the state\u2019s sportsbooks combined for a double-digit hold.<\/p>\n Gross revenue also increased 18.4% over last year.<\/p>\n Although the handle dropped 14.4% from April, winnings were down just 1.5% overall.<\/p>\n