November was a dramatic month for sports betting and casino gambling operators in the Great Lake State. First, online casinos accomplished another consecutive, record-breaking month in Michigan, bringing in more than $145.4 million in revenue.
In the sports betting world, operators brought in $498.1 million total, with the vast majority ($480 million) generated from online sportsbooks.
Lastly, Detroit’s three retail casinos took a hit when it came to in-person wagering. Retail casino gaming (table games and slots only) generated $99.9 million in revenue for the month.
Michigan Online Casino November 2022 Breakdown
For the second consecutive month, Michigan online casinos have broken the total monthly revenue record. During November, operators brought in $145.4 million in revenue, a 3.1% increase compared to October’s total online casino revenue of $140.96 million. BetMGM continued to lead the pack, generating an impressive 36.9% of all online casino revenue in Michigan. FanDuel and DraftKings’ monthly revenue numbers made up just 18.7% and 16%, respectively.
Online casino numbers November 2022:
- Total online casino revenue: $145.4 million (3.1% increase month-over-month, 35.1% increase year-over-year)
- State tax revenue from online casino gaming: $27.1 million
- City of Detroit tax revenue generated from online casino gaming: $10.4 million
- Top three casino apps by revenue: BetMGM ($53.63 million), FanDuel ($27.14 million), and DraftKings ($23.25 million)
Michigan Sports Betting November 2022 Breakdown
Entering November, the Detroit Lions were 1-7, with many fans bracing for the second half of the season to mirror the first half. Nobody expected our Lions to take down the Packers and Bears back to back before finishing November with only one late-game loss to the Bills on Thanksgiving day. With three additional wins in December against the Jaguars, Vikings, and Jets, the team is only one win away from claiming a wild card spot. Yet despite the action in Detroit, sports betting numbers were timid in November. Not to mention, November 20th marked the launch of the Qatar FIFA 2022 World Cup. Contrary to many sports betting analysts’ expectations, it seems as though Michigan’s sports betting market is finally starting to level off.
Sports betting operators brought in total revenue of $42.8 million, a 17.8% decrease from October’s revenue of $50.4 million. The total handle also dropped 1.2% from October’s $504.3 million to $498.1 million in November.
Sports betting numbers November 2022:
- Total Handle: $498.1 million (1.2% decrease month-over-month, <1% decrease year-over-year)
- Total Revenue: $42.8 million (17.8% decrease month-over-month, 27% decrease year-over-year)
- Hold: 8.6% (down from 10.2% in October)
- State tax revenue generated from sports betting: $1.64 million
- Local tax revenue generated from sports betting: $850,306
- Top online sports betting app by total handle: FanDuel Sportsbook MI ($151.9 million, 30% of total handle)
- Top online sports betting app by revenue: FanDuel Sportsbook MI ($20.76 million, 48.5% of total revenue)
In-person casinos face a decline in November
Retail casinos were especially thankful for the increased revenue from online gaming and sportsbook partnerships last month. Fewer players made it out to the casino floor according to figures released by the Michigan Gaming Control Board. The three Detroit casinos generated $99.9 million in revenue from table games and slots, 10.4% less revenue than in October. Revenue was also down year-over-year overall for both MotorCity (down 9.1% compared to November 2021) and MGM (down 3.3%). Hollywood Casino at Greektown was the only casino to see an increase in revenue year-over-year with a 2.9% gain.
Mac Daniel is a Michigan native and freelance writer for PlayOnlineCasino and PlayOnlineSportsBetting. He has experience writing about a wide variety of topics, including healthcare, tourism, non-profit organizations, and most recently casino and sportsbetting news. To check out more of his work, visit: playonlinemichigan.com