Why February Was Actually The Best Month To Date For Michigan Online Casinos

In February, the record-breaking revenue streak of Michigan online casinos came to an end. However, this did not indicate a halt in their remarkable growth. On the contrary, their growth continued to surge.

If February had been given the same number of days as December and January, it would have not only achieved a record-breaking pace but also surpassed $160 million in revenue, making it one of the top two months with the highest earnings for an online casino state.

Michigan online casinos collected approximately $5.3 million in revenue each day during February, resulting in a total of $148.2 million. If February had been a leap year, it could have surpassed January’s record of $153.7 million. Considering the month’s 31-day duration, the revenue could have reached $164 million.

Michigan online casino revenue in February was on record smashing pace

Online casinos in Michigan have no reason to complain to the Romans about calendar building, since monthly records hold little significance. The money keeps pouring in regardless.

However, it would have been nice to have the press release.

Pennsylvania has consistently surpassed the $160 million threshold for the past three months, achieving this milestone nationally only three times. The state’s remarkable performance in December resulted in setting a national record of $166.9 million.

Michigan’s February stands as the sole month surpassing all others in record-breaking figures. However, Pennsylvania’s hypothetical February would have been an astounding $179.7 million, leaving a lasting impression.

In February, Michigan experienced a significant increase in revenue, generating an impressive $5.3 million per day. This marked a considerable jump compared to the previous three months, where the revenue ranged from $4.8 to $4.95 million.

The continuous increase in daily revenue for Michigan online casinos serves as a strong indicator, suggesting that the industry is on a rocket-fueled trajectory.

Another significant milestone that was taken away by the calendar: If February had an additional day, Michigan online casinos would have officially surpassed $3 billion in lifetime revenue.

As of now, the recorded figure stands at $2,998,317,099 according to official reports.

March revenue could clear $160 million

Based on the current path of Michigan’s online casinos and the calendar, it is projected that March has the potential to generate a substantial revenue of $160 million.

Assuming the average daily growth of the previous five months persists, the projected revenue would amount to approximately $5.5 million per day. Consequently, March’s total monthly revenue would reach an unprecedented national record of $170.5 million.

That number is likely too ambitious and unrealistic. In February 2024, the daily revenue surpassed that of March 2024.

Michigan online casinos have undergone significant changes over the past year. However, the average daily revenue for February 2024 was $4.4 million, reflecting a 20% decrease compared to the previous month.

The daily average is expected to remain stable due to the simultaneous influence of current trends and the increasing number of individuals utilizing Michigan sportsbook apps, which are directly linked to their online casino counterparts, for March Madness betting.

Achieving $160 million will become highly feasible.