The Michigan Gaming Control Board (MGCB) released the state’s casino revenue numbers for the month of March on April 18th. According to the press release, state operators set a national monthly revenue record. The record was broken by Pennsylvania shortly later that day. The state’s 15 online casinos generated a combined revenue of $171.8 million in March, beating Pennsylvania’s previous record of $166.9 million in December. Pennsylvania’s online casinos released their numbers later that afternoon, which totaled $181.5 million.
Michigan’s online casinos also surpassed the $3 billion all-time revenue mark and are on track to reach $4 billion by the end of 2023.
A Closer Look at Casino Numbers
When reviewing figures month over month, Michigan’s internet gaming gross receipts were up 11.78% compared with February’s gross gaming receipts. March 2023’s revenue of $171.8 million was a 30.48% increase when compared with March 2022’s revenue of $131.67.
Michigan’s previous revenue record was set in January when state operators brought in $153.7 million in revenue. March’s revenue record of $171.8 million represents an 11.78% increase.
Multiple Casinos Set Revenue Records
BetMGM continues to dominate the online casino market in Michigan and again broke its revenue record. BetMGM was hardly alone, however, as six other online casino skins also had record-breaking revenue months.
- PointsBet Casino generated $1.7 million in revenue.
- FireKeepers Online Casino generated $1.9 million in revenue.
- SI Casino generated $2.1 million in revenue.
- Four Winds Casino generated $3.8 million in revenue.
- DraftKings Casino generated $31.6 million in revenue.
- FanDuel Casino generated $34.2 million in revenue.
- BetMGM generated $56.2 million in revenue.
Tax Revenue Figures
During the month of March, the state’s online casinos generated $31.3 million in state tax revenue and $11.8 million for local entities.
Internet sports betting operators generated $1.9 million in state tax revenue.
The three retail casinos in Detroit reported a combined $9.1 million in tax revenue for the city of Detroit, with $8.2 million generated from online gaming and $865,916 from online sports betting.
During the month of March, tribal casino operators reported making $3.7 million in payments to governing bodies.
Sports Betting Figures
The total sports betting handle in March was $451.6 million, up 18.2% when compared with February’s handle of $344.9 million. Operators experienced a dip year over year of 9.7% when compared with March 2022.
Sports fans continue to utilize sports betting apps, and fewer people are visiting in-person retail sportsbooks. During Q1 of 2023, retail sportsbooks experienced a 52.7% drop in the total handle when compared with Q1 of 2022. After having sub-4% holds in January and February, March did bounce back to a 10.3% hold. Barstool Sportsbook at Greektown led the three retail sportsbooks with a $6.5 million handle and $702,670 in revenue. FanDuel Sportsbook at Motor City reported a handle of $3.4 million with $445,000 in revenue, while MGM Grand reported a handle of $4 million and revenue of $284,000.
|Casino Partner||Online Casino Skin||Revenue||Taxes Generated||Promos|
|MGM Grand Detroit||BetMGM||$56,249,486||$14,807,677||$5,624,949|
|Keweenaw Bay||Golden Nugget||$6,891,468||$1,736,650||$689,147|
|Sault Ste. Marie||WynnBet||$4,736,576||$1,113,712||$473,658|
|Little Traverse Bay||Fox Bet||$3,066,993||$620,095||$306,699|
|Lac Vieux Desert||PointsBet||$1,659,786||$298,761||$165,979|
Mac Daniel is a 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