September 2023 was a profitable month for the online casino business, and Michigan’s 14 online casinos proved no different. Online gross receipts increased 20% from August, bringing the total combined iGaming gross receipts and sports betting receipts for September to $210.4 million.
Per usual, online casino gaming brought in the vast majority of revenue, accounting for $166.4 million (~79%), while online sports betting brought in $44 million (~21%).
The state of Michigan’s online casinos also crossed $4 billion in lifetime revenue during September.
The state’s online casinos and sportsbooks both reported a month-to-month increase in revenue in September.
The adjusted gross receipts (AGR) for sports betting totaled $18.7 million, a 17.8% increase from August. AGR for online casino gaming last month was $149.8 million, a 9.2% increase from August.
During the month of August, online casino operators paid $28.6 million in revenue to the state of Michigan in August, while sports betting operators paid $1.1 million. In September, online casinos paid $31.3 million in tax dollars to the state, a 9.44% increase. Sports betting operators paid $1.3 million, translating to an 18% increase in tax revenue.
Michigan Passes $4 Billion in Lifetime Revenue
Online casino operators in the state have officially made history again! Now, Michigan’s online casino market has become the fastest state to reach $4 billion in revenue. Michigan is on track to break the annual revenue record again this year. Last year, online casinos generated $1.58 billion. It’s easy to see why online operators will have no problem reaching that figure when you consider that online casinos in the state have already brought in $1.41 billion in revenue this year.
DraftKings, FanDuel, and PointsBet all reached revenue records last month. DraftKings Casino found its way into the No.2 spot last month after it generated $37.1 million in revenue. FanDuel also boasted strong numbers for the month, bringing in just $1.9 million less than DraftKings. PointsBet, which recently was bought out by Fanatics and is now repping an “A Fanatics Experience” banner under its logo, also generated a record-breaking month, with $1.9 million.
Other online casinos aren’t experiencing the same kind of luck, however. SI Sportsbook, for example, has been unable to find a niche in the market and continues to find itself at the bottom of the revenue list.
Detroit Tax Revenue Figures
The three retail casinos in Detroit report their numbers a month behind online casino and sports betting figures. According to figures released by the Michigan Gaming Control Board (MGCB), the City of Detroit was given $7.97 million in wagering taxes and municipal services fees during the month of August. That’s 8.4% higher than July.
Online Casino Revenue by Brand
|Online Brand||Casino Partner||Total Revenue||Taxes||Promos|
|BetMGM||MGM Grand Detroit||$48,649,281||$12,806,923||$4,864,928|
|BetRivers||Little River Band of Ottawa||$9,553,376||$2,407,451||$955,338|
|Caesars||Grand Traverse Band of Ottawa and Chippewa||$7,242,451||$1,825,098||$724,245|
|Golden Nugget||Keweenaw Bay||$6,463,569||$1,628,819||$646,357|
|WynnBet||Sault Ste. Marie Tribe of Chippewa||$4,111,095||$1,035,996||$411,109|
|Four Winds||Pokagon Band of Potawatomi||$3,155,327||$795,142||$315,533|
|PokerStars||Little Traverse Bay Bands of Odawa||$2,595,247||$654,002||$259,525|
|Play Gun Lake||Match-E-Be-Nash-She-Wish Band of Pottawatomi||$1,924,143||$484,884||$192,414|
|PointsBet||Lac Vieux Desert Band of Lake Superior Chippewa||$1,879,842||$439,883||$187,984|
|FireKeepers||Nottawaseppi Huron Band of Potawatomi||$1,858,356||$468,306||$185,836|
Online Sportsbook Revenue by Brand
|Casino Partner||Online Brand||Handle||Revenue||Hold|
|MGM Grand Detroit||BetMGM||$78,160,908||$7,797,491||10.00%|
|Grand Traverse Band of Ottawa and Chippewa||Caesars||$33,663,570||$3,433,175||10.20%|
|Little River Band of Ottawa||BetRivers||$22,041,582||$1,898,939||8.60%|
|Lac Vieux Desert Band of Lake Superior Chippewa||PointsBet||$8,897,098||$761,754||8.60%|
|Sault Ste. Marie Tribe of Chippewa||WynnBet||$3,598,386||$93,734||2.60%|
|Match-E-Be-Nash-She-Wish Band of Pottawatomi||Play Gun Lake||$1,405,240||$69,331||4.90%|
|Nottawaseppi Huron Band of Potawatomi||FireKeepers||$1,271,076||$90,955||7.20%|
|Pokagon Band of Potawatomi||Four Winds||$1,170,053||$58,718||5.00%|
|Keweenaw Bay||Golden Nugget||$1,145,745||$9,356||0.80%|
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