Michigan online casinos put up another top-5 all-time revenue month in June, recording $151 million last month.
June’s total is just a slim 0.3% increase from May’s $150.6 million, it’s a 24.3% jump from June 2022’s $121.5 million.
June’s total pushes Michigan’s all-time online casino revenue past $3.5 billion. It also pushes the lifetime tax revenue total dollars over $900 million.
As summer heats up in Michigan, online gambling numbers tend to be stagnant or level off, and we’re seeing that again in 2023. So it’s best not to look at month-to-month comparisons when we get to June, July and August, but year-over-year, and once again there was major growth in online casino revenue, as it’s up 24.3% from a year ago.
Through the first half of 2023, online casino revenue in Michigan ($934.6 million) is 24% greater than it was through the first half of 2022 ($757 million).
June 2023 Michigan online casino revenue
Online casinos in Michigan continued their strong 2023 run with another impressive month of revenue in June:
- Online casino revenue: $151 million, up 0.3% from May
- June online casino tax payments: $28.4 million to state and $10.6 million to local entities
- Top online casino app by revenue: BetMGM Michigan with $49.2 million
Three takeaways from June Michigan online casino report
Michigan on pace for nearly $2 billion in 2023 revenue
It wasn’t terribly surprising to see online casino revenue jump up a great deal in 2022 when compared to 2021.
With additions of new online operators and more of those online casinos finding their footing in year two of Michigan, it was easy to see how there could be 42.1% revenue growth compared to 2021.
But, many thought that could be where things started to plateau for the state’s iGaming industry.
Well, that couldn’t be further from the truth.
Michigan’s online casino revenue is 24% higher through the first six months of 2023 than it was in 2022. Should that continue, it would put Michigan on pace for $1.96 billion in online casino revenue.
It’s now not a reach to think Michigan could even cross $2 billion for the year.
The state has had all 15 online casino operations running for months now. While Fanatics is set to take over for PointsBet at some point, PointsBet sits at the bottom in revenue. It’s likely only to help the state’s overall number once Fanatics gets established and starts marketing its brand.
Michigan’s 24% rise following the national trends
The growth Michigan’s online casinos are seeing in revenue is sticking with the trends of other iGaming states.
Pennsylvania is already over $1 billion in revenue through six months of 2023. For 2022, the state did $1.67 billion in yearly online casino revenue. Just for June, Pennsylvania saw a 30% jump in revenue compared to June 2022. It is on a run of seven consecutive months with at least $160 million in monthly revenue.
New Jersey is up 14% in in its 2023 online casino revenue when compared to 2022. Through the first six months of 2023, New Jersey is at $930 million in iGaming revenue. It just recently reported $149.3 million for June, which was a 12% increase from a year ago.
Michigan passes $140 million for ninth straight month
Back in October of 2022, eyes were opened when Michigan reported just under $141 million in online casino revenue. It was a new monthly record by over $8 million.
Little did we know that it would just be the start of an incredible run for the online gambling industry.
Since, each month has topped that mark by at least $4.5 million. That includes the current record, which was March 2023 ($171.8 million). That was over $30 million greater than October’s mark.
The last nine months have seen the best nine revenue numbers in the state since launch.
- October 2022: $140,956,282
- November 2022: $145,428,114
- December 2022: $152,772,723
- January 2023: $153,694,393
- February 2023: $148,168,863
- March 2023: $171,830,721
- April 2023: $159,360,429
- May 2023: $150,559,370
- June 2023: $151,006,936
Michigan online casino June 2023 revenue by operator
| Licensee | Online Brand | Revenue | Promos | Taxes |
|---|---|---|---|---|
| MGM Grand Detroit | BetMGM | $49,206,668 | $4,920,667 | $12,953,655 |
| MotorCity | FanDuel | $29,067,901 | $2,906,790 | $7,652,125 |
| Bay Mills | DraftKings | $27,168,352 | $2,716,835 | $6,846,425 |
| Little River Band of Ottawa | BetRivers | $8,875,747 | $887,575 | $2,236,688 |
| Keweenaw Bay | Golden Nugget | $6,858,213 | $685,821 | $1,728,270 |
| Grand Traverse Band of Ottawa and Chippewa | Caesars | $6,554,089 | $655,409 | $1,651,631 |
| Sault Ste. Marie Tribe of Chippewa | WynnBet | $4,808,955 | $0 | $1,477,770 |
| Greektown | Barstool | $3,548,175 | $354,818 | $934,057 |
| Pokagon Band of Potawatomi | Four Winds | $3,088,399 | $308,840 | $778,276 |
| Sagniaw Chippewa | Eagle | $3,003,241 | $300,324 | $749,695 |
| Little Traverse Bay Bands of Odawa | PokerStars | $2,804,930 | $280,493 | $706,842 |
| Nottawaseppi Huron Band of Potawatomi | FireKeepers | $1,648,729 | $164,873 | $348,469 |
| Match-E-Be-Nash-She-Wish Band of Pottawatomi | Play Gun Lake | $1,647,103 | $164,710 | $355,774 |
| Lac Vieux Desert Band of Lake Superior Chippewa | PointsBet | $1,399,357 | $139,936 | $277,073 |
| Hannahville | SI | $1,327,077 | $132,708 | $262,761 |
| Total | $151,006,936 | $14,619,798 | $38,959,512 |
