Caesars Palace Trending Up To Become A Top-Five Michigan Online Casino
With the launch of Caesars Palace Casino in August, how will that impact Caesars' revenue, which was already up 28% in 2023?
Drew Ellis is a former Lead Writer of PlayILottery.com. He was also the former Lead Writer of PlayMichigan, the No. 1 source for online gambling news in Michigan. A lifelong resident of the state, Ellis has been working in various forms of media since 1998, including more than a decade in the sports betting industry prior to transitioning into US casino markets in 2020.
With the launch of Caesars Palace Casino in August, how will that impact Caesars' revenue, which was already up 28% in 2023?
Thanks to a new monthly record for online handle and online revenue in December, Michigan's online sportsbooks set new yearly records in 2023.
Michigan Online Casinos set a new monthly revenue record in December of $181.4 million, pushing it to a record $1.92 billion for 2023.
Detroit's three casinos had improved average monthly revenue in 2023 over 2022 when you take out the two months impacted by the worker's strike.
Michigan's online casino industry is up 23.2% in 2023 through seven months. Which operators are contributing most to the growth?
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