Michigan Online Casinos Set National Revenue Record, Top $171 Million In March
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Pennsylvania surpassed Michigan’s record on Tuesday afternoon.
On Tuesday, Michigan online casinos achieved a remarkable feat by establishing a fresh national monthly revenue milestone, generating a staggering $171.8 million in revenue for March. However, this record was short-lived as Pennsylvania online casinos swiftly surpassed it later in the day, reporting an impressive $181.5 million in revenue.
The previous record of $166.9 million set by Pennsylvania online casinos in December was surpassed by both totals. Michigan had previously reached a high of $153.7 million in January. Furthermore, this year’s Michigan number witnessed a significant increase of 30.4% compared to March 2024.
March’s total revenue pushed Michigan online casinos over $3 billion in all-time earnings, in addition to the significant numbers achieved within the month.
Playinmichigan lead analyst Paul Costanzo announced that Michigan online casinos have achieved a remarkable milestone by setting a national record for monthly revenue. This impressive growth trend has led the state’s 15 online casinos to collectively surpass $3 billion in all-time revenue. If they continue at their current pace, it is projected that they will reach the $4 billion mark before the end of the year.
March 2024 Michigan online casino revenue
In March, online casinos in Michigan experienced their most successful month to date.
- The revenue from online casinos experienced a significant increase of 15.9% from February, reaching $171.8 million.
- In March, online casinos contributed a total of $31.3 million to the state and $11.8 million to local entities in tax payments.
- BetMGM Michigan leads the online casino app industry in revenue, generating an impressive $56.2 million.
Three takeaways from March Michigan online casino report
Michigan sets monthly online casino revenue record (for 4 hours)
Not many anticipated a new national record, but online casinos in Michigan have been flourishing.
In March, New Jersey achieved a state record by generating a staggering $165.7 million in revenue.
Take a glimpse at the latest rankings of the top 5 monthly online casino records.
- In March 2024, Pennsylvania accumulated a substantial sum of $181.5 million.
- The financial report for Michigan in March 2024 indicates a total of $171.8 million.
- In December 2024, Pennsylvania’s revenue amounted to a staggering $166.9 million.
- In March 2024, New Jersey recorded a total of $165.7 million.
- In February 2024, Pennsylvania’s revenue amounted to $162.3 million.
Michigan crosses $3 billion in online casino revenue
In March, the online casino revenue in Michigan reached a milestone by surpassing $3 billion in total earnings.
By the end of February, Michigan’s total online casino revenue reached $2,998,317,099. Therefore, it is reasonable to assume that it only took a few days in March to surpass this milestone. As of now, Michigan has accumulated a total of $3,170,147,820 in online casino revenue.
Michigan reached this revenue milestone after 27 months, whereas Pennsylvania achieved it after 38 months (August 2024), and New Jersey took 91 months (May 2021) to reach the $3 billion mark.
Seven Michigan online casinos set monthly records
In order to achieve a new monthly record by such a significant margin, numerous online casino operators in Michigan had to experience exceptional months.
In March, seven distinct online operators achieved a new monthly revenue milestone, with several surpassing it by millions.
- BetMGM Michigan: $56.2 million
- The total amount generated by FanDuel Casino in Michigan is $34.2 million.
- The DraftKings Casino in Michigan has accumulated a significant sum of $31.6 million.
- The Four Winds Casino in Michigan has a total value of $3.8 million.
- The total amount of money at SI Casino in MI is $2.1 million.
- Online Casino FireKeepers announces $1.9 million in winnings.
- The PointsBet Casino in Michigan has a total of $1.7 million.
In March, Sports Illustrated Casino MI achieved a remarkable milestone by setting a record for its first month of operation. Nevertheless, the Hannahville Indian Community’s previous online operator, TwinSpires, surpassed this achievement by recording an impressive $2.2 million in March 2021, thus establishing a new record.
Michigan online casino March 2024 revenue by operator
| Licensee | Brand | Revenue | Promos | Taxes |
|---|---|---|---|---|
| MGM Grand Detroit | BetMGM | $56,249,486 | $5,624,949 | $14,807,677 |
| MotorCity | FanDuel | $34,163,858 | $3,416,386 | $8,993,636 |
| Bay Mills | DraftKings | $31,605,765 | $3,160,576 | $9,458,025 |
| Little River | BetRivers | $9,124,662 | $912,466 | $2,299,415 |
| Grand Traverse | Caesars | $7,136,987 | $713,699 | $1,783,287 |
| Keweenaw Bay | Golden Nugget | $6,891,468 | $689,147 | $1,736,650 |
| Sault Ste. Marie | WynnBet | $4,736,576 | $473,658 | $1,113,712 |
| Greektown | Barstool | $4,328,146 | $432,815 | $969,994 |
| Pokagon | Four Winds | $3,802,654 | $380,265 | $786,185 |
| Little Traverse Bay | Fox Bet | $3,066,993 | $306,699 | $620,095 |
| Sagniaw Chippewa | Eagle | $2,947,429 | $294,743 | $583,591 |
| Match-E-Be-Nash-She-Wish | betParx | $2,137,990 | $213,799 | $410,203 |
| Hannahville | SI | $2,117,303 | $211,730 | $381,115 |
| Nottawaseppi Huron | FireKeepers | $1,861,620 | $186,162 | $399,016 |
| Lac Vieux Desert | PointsBet | $1,659,786 | $165,979 | $298,761 |
| Total | $171,830,721 | $17,183,072 | $44,641,361 |
