Michigan Online Casinos Break Another Revenue Record

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The state of Michigan’s online casinos generated another monthly revenue record in March. The 15 online operators brought in a staggering $215.2 million for the month, up 14% from February’s $188 million. Year over year, the figure translates to a 25% increase when compared with March 2023, ($171.8 million). The online gaming market in Michigan continues to grow month after month and year after year, showing no signs of slowing down.

One particular operator made history last month by topping BetMGM’s online casino for the first time. According to figures released by the Michigan Gaming Control Board (MGCB), FanDuel MI online casino generated $57.6 million in revenue, beating the BetMGM online casino by almost $3 million. BetMGM generated $54.7 million, while DraftKings placed third and generated $40.4 million. FanDuel is on track to pass the $1 billion revenue mark in the state of Michigan by the first week in April. Fourth place for the month of March went to Bet Rivers Casino, with $12.7 million in revenue. Caesars online casino took fifth place with $11.2 million, and DraftKings-owned Golden Nugget online casino ended the month in sixth place with $7.7 million.

Also worth noting is the continued revenue being generated by the state’s retail casinos, proving that online casinos do not significantly take profit away from retail locations. The big three casinos in Detroit, the Hollywood casino at Greektown, MGM Grand, and Motor City have generated a combined revenue of $122.3 million in March from slots table games in poker. This figure is the highest it’s been since December 2019.

Tax Revenue

The total tax revenue generated for the month of March from online casino gaming reached $54.4 million, the highest on record. Of the $54.4 million, $39 million went to the state treasury, while $10 million went to local municipalities and cities. The remaining $4.7 million, was paid to tribal governing bodies.

The state of Michigan continues to grow its online casino offerings for players. However, Pennsylvania still managed to beat out Michigan in terms of revenue for the month of March. According to the state of Pennsylvania, online casino operators generated $215.3 million in March, just $100,000 more than Michigan’s online gaming market.

Below is a complete breakdown of revenue by casino operator.

Retail Casino PartnerOnline BrandRevenuePromotionsTax Revenue
MotorCityFanDuel$57,585,012$5,758,501$15,159,254
MGM Grand DetroitBetMGM$54,678,061$4,637,114$14,636,977
Bay MillsDraftKings$40,424,983$4,042,498$10,187,096
Little River Band of OttawaBetRivers$12,792,439$1,279,244$3,223,695
Grand Traverse Band of Ottawa and ChippewaCaesars$11,280,475$1,128,048$2,842,680
Keweenaw BayGolden Nugget$7,736,540$773,654$1,914,947
GreektownHollywood Casino$5,247,717$524,772$1,300,103
Pokagon Band of PotawatomiFour Winds$4,291,368$429,137$917,521
Saginaw ChippewaEagle$4,195,056$419,506$854,232
Sault Ste. Marie Tribe of ChippewaWynnBet$3,207,814$320,781$647,165
Match-E-Be-Nash-She-Wish Band of PottawatomiPlay Gun Lake$3,197,828$319,783$633,170
Lac Vieux Desert Band of Lake Superior ChippewaFanatics$3,108,301$310,830$601,951
Little Traverse Bay Bands of OdawaPokerStars$3,094,733$309,473$614,024
Nottawaseppi Huron Band of PotawatomiFireKeepers$2,495,625$249,567$483,645
HannahvilleSI$1,817,824$181,782$335,180

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