Detroit’s casinos in July had their best revenue month since the pandemic closed them in March 2020. Michigan online casinos, meanwhile, continued to stay consistent with another strong month.
According to numbers released Monday by the Michigan Gaming Control Board, Michigan’s internet gaming sector raised $92.3 million in July revenue, a 3.5% increase from June.
Detroit’s three casinos, meanwhile, raised $115.7 million in July revenue, again holding off their digital counterparts as they have every month since Michigan internet gaming launched this past Jan. 22.
Barely over the six-month mark since launch, the internet gaming sector also passed nine figures in state tax revenue.
BetMGM still dominant in Michigan internet gaming space
DraftKings Casino and FanDuel Casino continued to tussle for the next spot. DraftKings took this round with $15.2 million in July revenue, good for a 16.5% market share. FanDuel earned $14.4 million in revenue (15.6% share).
|Licensee||Brand||Revenue||Promos||Tax - State||Tax - Local|
|MGM Grand Detroit||BetMGM||$33,838,262||$3,383,826||$5,969,069||$2,938,853|
|Keweenaw Bay||Golden Nugget||$5,280,782||$528,078||$1,064,606||$266,151|
|Sault Ste. Marie||WynnBet||$5,005,861||$500,586||$1,009,182||$252,295|
|Little Traverse Bay||Fox Bet||$3,081,759||$308,176||$621,283||$155,321|
|Match-E-Be-Nash-She-Wish||Play Gun Lake||$833,431||$83,343||$120,014||$30,004|
|Lac Vieux Desert||PointsBet||$573,520||$60,070||$82,152||$20,538|
|Grand Traverse||William Hill||$296,557||$0||$47,449||$11,862|
BetRivers Casino was fourth in internet gaming revenue with $6.8 million, while Golden Nugget Casino ($5.3 million) and WynnBET Casino ($5.0 million) also joined the $5-million club for monthly revenue.
DraftKings acquired Golden Nugget this month, which could have an impact on the market down the road. We broke down that deal here.
Total taxes from Michigan online gaming top $100 million
Former Michigan state Rep. Brandt Iden had what seemed like a bold initial estimate for the mature online gambling market in Michigan, saying it could generate $100 million in state tax revenue annually.
Well, it took a little more than six months for online casinos and poker to combine for that much.
July’s internet gaming activities put $17.1 million into state tax coffers, bringing the lifetime total to $102.3 million.
The sector also earned $4.4 million in tax money for the city of Detroit and $2.0 million for tribal operators.
After a dip in June adjusted revenue, the overall internet gaming numbers returned to a strong $83.1 million in July. The June dip ($66.2 million) in part was due to BetMGM writing off $17.5 million in promotional credits.
Operators are allowed up to 10% of free play deductions for each of the first three years of online casinos. The brand had not reported any online free play since launch.