Michigan Online Casinos Post Top 5 Month In May With $150 Million In Revenue

Written By Drew Ellis on June 20, 2023 - Last Updated on June 21, 2023
Michigan online casino may 2023 revenue

Michigan online casinos put up a top-5 all-time revenue month in May of 2023, recording $150.6 million.

While the total is a 5.5% drop from April 2023’s $159.4 million, it’s an 18% jump from May 2022’s $127.4 million.

May’s total pushes Michigan’s all-time online casino revenue to just under $3.5 billion. It also leaves the lifetime tax revenue total dollars just below $900 million.

“Online casinos in Michigan again saw massive year-over-year growth in May, as revenue was up 18% from 2022,” said PlayMichigan lead analyst Paul Costanzo. “As we’ve seen in the past, when the weather gets warmer in Michigan and people start enjoying the outdoors, online gambling numbers start to go down. But the $150.6 million is still among the top 5 in state history.”

May 2023 Michigan online casino revenue

Online casinos in Michigan continued to put up strong revenue numbers in May:

  • Online casino revenue: $150.6 million, down 5.5% from April
  • April online casino tax payments: $28 million to state and $10.4 million to local entities
  • Top online casino app by revenue: BetMGM Michigan with $47.4 million

Three takeaways from May Michigan online casino report

No records for any of Michigan’s 15 online casinos

It’s been a while since we have been able to say that not one single Michigan online casino operator had a record revenue total in a given month.

But, that is the case in May, with none of the 15 setting a revenue record. In fact, none of the 15 even posted a best for 2023.

That’s not a negative toward May in particular, just a sign of how strong the year has been for the online casinos.

Just three online casinos tallied their second strongest revenue month of 2023. Those were BetRivers Casino ($8.7 million), Golden Nugget Casino ($7 million) and Four Winds iCasino ($3.7 million).

Comparatively, three had their lowest revenue of 2023 thus far. Those were BetMGM Michigan ($47.4 million), betParx Casino ($1.7 million) and FireKeepers iCasino ($1.6 million).

Michigan online casino tax revenue just under $900 million

Michigan’s lifetime online casino tax revenue is nearing another big milestone.

With the $39.8 million generated in May, the state now sits at $899,119,423 in tax revenue generated through online casinos.

As of this writing, that means the state has well surpassed $900 million and is now turning its focus to the $1 billion mark.

It’s unlikely that June and July will combine to generate $100 million in tax revenue on its own. The largest single month of tax revenue was $44.6 million in March. Look for August of this year to be the lucky month to get Michigan past the $1 billion milestone.

Collectively, Michigan’s gambling industry is creating nearly $2 billion in annual tax revenue for the state.

Four Winds moving up Michigan OC revenue ladder

Only three Michigan casinos have opted for their own name brand online casino.

One of them is Four Winds Casino.

While some could consider it a risky strategy, the Southeastern Michigan casino has found its stride with online gaming.

Four Winds put up its second-best month of revenue ever in May at just under $3.7 million. It also landed eighth in the operator revenue race for the month for only the second time.

In May, Four Winds jumped ahead of other big operators like Barstool ($3.3 million) and PokerStars ($3 million).

Four Winds sits at $73.4 million in lifetime online casino revenue, which lands 10th over Michigan’s history.

However, it’s making some ground on PokerStars ($86.2 million) for ninth, while Barstool ($112.7 million) is much further up in the eighth spot.

Michigan online casino May 2023 revenue by operator

LicenseeOnline BrandRevenuePromosTaxes
MGM Grand DetroitBetMGM$47,397,075$4,739,708$12,477,280
Bay MillsDraftKings$26,996,591$2,699,659$6,803,141
Little River Band of OttawaBetRivers$8,704,205$870,421$2,193,460
Keweenaw BayGolden Nugget$6,957,287$695,729$1,753,236
Grand Traverse Band of Ottawa and ChippewaCaesars$6,945,931$694,593$1,750,375
Sault Ste. Marie Tribe of ChippewaWynnBet$4,982,746$498,275$1,255,652
Pokagon Band of PotawatomiFour Winds$3,689,233$368,923$929,687
Little Traverse Bay Bands of OdawaPokerStars$2,994,496$299,450$737,549
Sagniaw ChippewaEagle$2,457,866$245,787$563,778
Match-E-Be-Nash-She-Wish Band of PottawatomiPlay Gun Lake$1,734,784$173,478$353,836
Nottawaseppi Huron Band of PotawatomiFireKeepers$1,554,171$155,417$307,726
Lac Vieux Desert Band of Lake Superior ChippewaPointsBet$1,363,223$136,322$269,918
Photo by Shutterstock.com
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Drew Ellis

Drew Ellis is currently the Lead Writer of PlayILottery.com. He was 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.

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