The state's total adjusted sports betting revenue for June 2024 was minus-$28.2 million, according to a report released by the Michigan Gaming Control Board on Thursday. The report attributed this shortfall to BetMGM Sportsbook's claim of $48.2 million in free play deductions from promotional bonuses and credits.
It's unclear how long BetMGM had been deducting partial amounts from its permitted free play, but it had only redeemed a portion of them. There is no set length for a deduction period, and mobile sportsbooks in Michigan are allowed to carry over losses until the balance is equal.
It's unclear how long BetMGM had been deducting partial amounts from its permitted free play, but it had only redeemed a portion of them. There is no set length for a deduction period, and mobile sportsbooks in Michigan are allowed to carry over losses until the balance is equal.
