The torrid start to Michigan internet gaming continued into May, as $94.9 million in revenue was raised by operators. This total again places the state among the nation’s leaders, according to numbers released Tuesday by the Michigan Gaming Control Board.
In a familiar refrain, BetMGM paced the field, gaining $36.1 million in revenue. The totals mostly arrive from BetMGM Casino with some revenue from BetMGM Poker. The haul amounted to a 38.0% market share.
And talk about consistency: the total revenue for Michigan operators was down just $213.47 from April, a measly downturn of 0.0002%. In April, the total was $94,851,765.56. That number dropped to (gasp!) $94,851,552.09 in May.
Although internet gaming has remained consistent, MI online sports betting revenue numbers were down again in May during a slower portion of the sports calendar.
FanDuel, DraftKings lead best of the rest
FanDuel Casino raised the second-most revenue at $16.3 million, good for a 17.2% market share. DraftKings Casino was third, with $15.7 million of revenue (16.5% share).
The state’s 13th and newest entry into the Michigan online casinos market, PointsBet Casino, debuted with $612,361 of revenue after launching May 4. Play Gun Lake, which launched in April, reported $506,450 of revenue in its first full month online.
| Licensee | Online Brand | Revenue | Promos | Taxes |
|---|---|---|---|---|
| MGM Grand Detroit | BetMGM | $36,089,904 | $0 | $10,556,297 |
| MotorCity | FanDuel | $16,314,671 | $1,631,467 | $4,294,837 |
| Bay Mills | DraftKings | $15,677,721 | $1,567,772 | $3,950,786 |
| Little River Band of Ottawa | BetRivers | $6,644,089 | $664,409 | $1,674,311 |
| Sault Ste. Marie Tribe of Chippewa | WynnBet | $4,329,115 | $432,912 | $1,058,417 |
| Little Traverse Bay Bands of Odawa | PokerStars | $3,846,191 | $384,619 | $969,240 |
| Keweenaw Bay | Golden Nugget | $3,835,192 | $383,519 | $886,181 |
| Greektown | Barstool | $3,353,917 | $335,392 | $867,607 |
| Pokagon Band of Potawatomi | Four Winds | $1,833,309 | $183,331 | $350,987 |
| Hannahville | TwinSpires | $1,533,803 | $153,380 | $303,693 |
| Lac Vieux Desert Band of Lake Superior Chippewa | PointsBet | $612,361 | $0 | $122,472 |
| Match-E-Be-Nash-She-Wish Band of Pottawatomi | Play Gun Lake | $506,450 | $50,645 | $91,161 |
| Grand Traverse Band of Ottawa and Chippewa | Caesars | $274,827 | $0 | $54,965 |
| Total | $94,851,552 | $5,787,446 | $25,180,955 |
Most operators reported similar market share numbers from April.
Stars Casino/PokerStars MI fell from 5.0% market share in April ($4.7 million) to 4.1% in May ($3.8 million), perhaps in part because of a slower season for online poker.
Nearly $400 million of revenue in 4+ months
Operators raised $18.1 million in state taxes and $5.2 million in tax and payment revenue for the city of Detroit. The revenue is the operator winnings from online casino gaming and online poker. Tribal governments netted $1.9 million in tax payments from operators.
Since the Jan. 22 launch of internet gaming, $393.9 million of revenue has been raised, and $71.5 million in state taxes have been paid, along with $20.9 million to Detroit and $7.3 million to tribal governments.
Two more operators should launch this year, as FireKeepers and Soaring Eagle have said they will begin offering online casino products.
