Michigan Online Casino Operators Bring in Another Strong Month

Online casino operators are continuing to bring in new customers and revenue month after month. Operators brought in less monthly revenue than received in March, but the figure still amounted to the second-highest revenue month on Michigan’s record. Michigan’s 15 online casino operators brought in a combined revenue of $159 million. The figure represents a 20% increase when compared with April 2022. Total revenue from April was down just 7.3% from the state record set in March when operators brought in $171.8 million. 

A DEEPER LOOK AT CASINO FIGURES

In March, when online casino operators brought in $171.8 million in revenue, it set a national record for a few hours. By the time numbers were calculated for April, total revenue exceeded $159 million. Despite not crossing the $160 million mark, April’s revenue was still the second-highest of all time in Michigan. Online casino tax payments to the state of Michigan totaled $29.6 million and $13 million to local entities for the month of April. 

Online casino tax revenue in Michigan has now reached the 850 million dollar mark. It’s estimated that the iGaming industry will cross the $1 billion mark for lifetime online casino tax revenue by the end of the summer.

SPORTS WAGERING NUMBERS

Sports betting was also down month over month by 21% from March. Operators reported a total internet sports betting handle of $322.8 million during April. According to a press release dated May 16th published by the MGCB, state internet sports betting brought in $1.6 million in state revenue during the month of April. That figure is just a fraction compared to the $29.4 million brought in last month by online casino gaming. The state’s sports betting revenue is taxed at a significantly lower rate in Michigan than online casino revenue due to vast risk differences. Users and players can expect better odds when placing sports betting wagers than wagering against an online casino. The difference results in differing revenue potential for online gambling companies.

Detroit Casinos

Detroit’s three retail casinos report in-person wagering separate from online casino numbers. In-person gambling at the three Detroit casinos dropped 6.9% month over month and 6.2% when compared with April 2022. The total handle for April at the three retail Detroit sportsbooks was just over $15.3 million.

MGM Grand Detroit

• April gaming revenue: $50.2 million (down 11.5% month over month)

• April retail sportsbook revenue: $432,195

MotorCity

• April gaming revenue: $34.2 million (down 6.1% month over month)

• April retail sportsbook revenue: -$1.7 million (due to patron winning $2.6 million at MotorCity Casino last month)

Hollywood Casino at Greektown

• April gaming revenue: $25.2 million (down 6.3% month over month)

Casino Brand	Online Partner	Revenue	Taxes	Promos
MGM Grand Detroit	BetMGM	$51,229,892	$13,486,269	$5,122,989
MotorCity	FanDuel	$31,301,620	$8,240,152	$3,130,162
Bay Mills	DraftKings	$28,070,292	$8,400,035	$2,807,029
Grand Traverse Band of Ottawa and Chippewa	Caesars	$8,703,088	$2,193,178	$870,309
Little River Band of Ottawa	BetRivers	$8,320,165	$2,096,682	$832,016
Keweenaw Bay	Golden Nugget	$6,866,320	$1,730,313	$686,632
Sault Ste. Marie Tribe of Chippewa	WynnBet	$5,711,354	$1,439,261	$571,135
Greektown	Barstool	$3,782,253	$967,843	$378,225
Pokagon Band of Potawatomi	Four Winds	$3,440,828	$813,607	$344,083
Little Traverse Bay Bands of Odawa	Fox Bet	$2,783,651	$624,204	$278,365
Sagniaw Chippewa	Eagle	$2,664,994	$555,646	$269,499
Match-E-Be-Nash-She-Wish Band of Pottawatomi	betParx	$1,875,450	$371,339	$187,545
Nottawaseppi Huron Band of Potawatomi	FireKeepers	$1,684,505	$381,179	$168,451
Hannahville	SI	$1,526,546	$274,778	$152,655
Lac Vieux Desert Band of Lake Superior Chippewa	PointsBet	$1,399,471	$273,759	$139,947

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