Michigan Online Casinos Set National Revenue Record, Top $171 Million In March
(UPDATE: Pennsylvania broke Michigan’s record Tuesday afternoon.)
Michigan online casinos set a new national monthly revenue record Tuesday, reporting $171.8 million in revenue for March. It was short-lived, however, as Pennsylvania online casinos reported $181.5 million in revenue later in the day.
Both totals bested the previous record of $166.9 million, set by Pennsylvania online casinos in December. Michigan’s previous high was $153.7 million in January. This year’s Michigan number was also a 30.4% increase over March 2022.
Along with the historic numbers within the month, March’s total pushed Michigan online casinos over $3 billion in all-time revenue.
“Michigan online casinos have set a national record for revenue in a month, continuing a trend of extraordinary growth,” said Playinmichigan lead analyst Paul Costanzo. “The state’s 15 online casinos have now, collectively, passed the $3 billion mark for all-time revenue, and on their current pace, should hit $4 billion before the year is up.”
March 2023 Michigan online casino revenue
Online casinos in Michigan had their biggest month yet in March:
- Online casino revenue: $171.8 million, up 15.9% from February
- March online casino tax payments: $31.3 million to state and $11.8 million to local entities
- Top online casino app by revenue: BetMGM Michigan with $56.2 million
Three takeaways from March Michigan online casino report
Michigan sets monthly online casino revenue record (for 4 hours)
Online casinos in Michigan have been thriving, but I am not sure many saw a new national record coming.
New Jersey also had a state record in March with $165.7 million in revenue.
Here’s a look at the current top 5 monthly online casino records:
- Pennsylvania, March 2023: $181.5 million
- Michigan March 2023: $171.8 million
- Pennsylvania December 2022: $166.9 million
- New Jersey March 2023: $165.7 million
- Pennsylvania February 2023: $162.3 million
Michigan crosses $3 billion in online casino revenue
In March, Michigan surpassed $3 billion in all-time online casino revenue.
Michigan sat at $2,998,317,099 at the end of February, so likely needed just a few days in March to hit the milestone. Michigan now has $3,170,147,820 in all-time online casino revenue.
It took 27 months for Michigan to hit this revenue milestone. Comparatively, Pennsylvania took 38 months (August 2022), while New Jersey needed 91 months (May 2021) to get to $3 billion.
Seven Michigan online casinos set monthly records
To have a new monthly record by such a wide margin, many Michigan online casino operators needed record months.
For March, a total of seven different online operators set a new monthly revenue record for themselves. Some did so by multiple millions.
- BetMGM Michigan: $56.2 million
- FanDuel Casino MI: $34.2 million
- DraftKings Casino MI: $31.6 million
- Four Winds Casino MI: $3.8 million
- *SI Casino MI: $2.1 million
- FireKeepers Online Casino: $1.9 million
- PointsBet Casino MI: $1.7 million
Sports Illustrated Casino MI set a record for itself in its first full month of operation for March. However, the previous online operator for Island Resort & Casino, TwinSpires, recorded $2.2 million in March of 2021, which is the record for the Hannahville Indian Community.
Michigan online casino March 2023 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 |
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