Michigan Online Casinos Set Revenue Record Of $1.92 Billion In 2023

Written By Drew Ellis on January 18, 2024
Vinyl record being removed from its sleeve. The sleeve reads

Michigan online casinos closed out a record year of revenue in December with a new monthly record as well.

The Michigan Gaming Control Board released December’s online casino revenue numbers on Thursday and Michigan closed the year with $181.4 million in combined revenue. That’s a 3.5% jump from November’s previous record-setting total of $175.3 million.

December’s record number pushed the state to $1.92 billion in online casino revenue for the year. That’s a 21.6% jump from 2022’s previous record of $1.58 billion.

chart showing Michigan online casinos revenue for 2021, 2022 and 2023

December 2023 Michigan online casino revenue

Online casinos in Michigan continue to make record monthly gains, setting a new monthly record for the second consecutive month. The $181.4 million in December was an 18.7% jump from December of 2022 ($152.8 million), which was also a new record at the time.

  • Online casino revenue: $181.4 million, up 3.5% from November.
  • December online casino tax payments: $34.1 million to state and $12.7 million to local entities
  • Top online casino app by revenue: BetMGM Michigan with $47 million

Three takeaways from December Michigan online casino report

No slowing down Michigan online casinos

After a strong first nine months of 2023 for online casinos, we weren’t sure that they could continue to outpace 2022 at the same rate for Q4.

However, the state continued to prove that it has yet to hit its peak in the iGaming industry. With December’s record, Michigan put up $517 million in online casino revenue for the final three months of the year. That was a 17.7% jump from last year’s Q4 performance ($439.2 million).

The late surge pushed Michigan to $1.92 billion for all of 2023, a 21.6% jump from 2022’s record total.

It certainly shouldn’t be a surprise to see Michigan push past $2 billion in online casino revenue for 2024.

Five operators set new monthly records

While the top online casinos in Michigan continued to do their part to raise the monthly record, none of the big three (BetMGM, FanDuel, DraftKings) hit a new monthly record of their own.

That honor went to some of the secondary online casinos in the state.

Altogether, five different online operators put up a record month of online casino revenue in December.

Four of the five bested a record that had been previously set in November.

BetRivers Casino Michigan, Caesars Palace Michigan, Eagle Casino & Sports, and Play Gun Lake each set a record in December after having done so in November as well.

BetRivers led the way in this group with $11.5 million in revenue, while Caesars Palace/Caesars Sportsbook came in with $9.6 million. Eagle Casino had $3.2 million in revenue, while Play Gun Lake tallied $2.9 million.

The other record holder this month was Hollywood Casino, which held its first full month of operation in December. That led it to $6.4 million in revenue, which is over a 23% jump from the previous PENN Entertainment record in Michigan. That came in March 2022 through Barstool, when it recorded $5.2 million in revenue.

Taxes push toward $500 million in 2023

With the record year of revenue means record tax revenue for the state during the year.

Collectively, $486.6 million was collected in the year for iGaming tax revenue. That was up over $86 million from last year’s $400 million total.

In 2023, state tax revenue tallied $354 million through online casinos, while over $132 million went to city/local jurisdiction tax revenue.

Michigan online casino December 2023 revenue by operator

LicenseeOnline BrandRevenuePromosTaxes
MGM Grand DetroitBetMGM$47,017,754$4,701,775$12,377,424
MotorCityFanDuel$42,940,199$4,294,020$11,304,007
Bay MillsDraftKings$36,495,320$3,649,532$9,196,821
Little River Band of OttawaBetRivers$11,489,991$1,148,999$2,895,478
Grand Traverse Band of Ottawa and ChippewaCaesars$9,596,148$959,615$2,418,229
GreektownHollywood Casino$6,436,300$643,630$1,694,356
Keweenaw BayGolden Nugget$6,198,076$619,808$1,561,915
Pokagon Band of PotawatomiFour Winds$3,463,625$346,363$872,834
Sagniaw ChippewaEagle$3,161,656$316,166$796,737
Sault Ste. Marie Tribe of ChippewaWynnBet$3,143,813$314,381$792,241
Little Traverse Bay Bands of OdawaPokerStars$3,086,194$308,619$777,721
Match-E-Be-Nash-She-Wish Band of PottawatomiPlay Gun Lake$2,872,581$287,258$723,890
HannahvilleSI$1,840,450$184,045$463,794
Lac Vieux Desert Band of Lake Superior ChippewaPointsBet$1,837,171$183,717$462,967
Nottawaseppi Huron Band of PotawatomiFireKeepers$1,828,654$182,865$460,821
Total$181,407,932$18,140,793$46,799,234
Photo by PlayMichigan
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Drew Ellis

Drew Ellis is the 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.

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