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The Michigan online casino revenue story this year is highlighted by a fascinating race between the top two operators, FanDuel and BetMGM.
The platforms have posted nearly identical revenue totals through the first six months of 2025.
Operators generated $240.6 million in June revenue, the Michigan Gaming Control Board reported this week. FanDuel finished on top last month, giving it a slight lead in the race.
Halfway through 2025, the numbers couldn’t be much closer:
- FanDuel: $388,481,448
- BetMGM: $388,362,982
With another six months to go, the Michigan online casino industry is heating up.
Setting up for a photo finish
FanDuel finished the halfway point of 2025 just $118,466 above BetMGM.
Interestingly, the operators have swapped the top spot in revenue every month this year. In June, it was FanDuel’s turn, posting $62.3 million to BetMGM’s $60.3 million.
Out of the Big 3 online casino states, FanDuel is the top platform in Pennsylvania and New Jersey by a wide margin. BetMGM is giving it a run for its money in Michigan.
Fanatics takes another step forward
Last month was also about Fanatics Casino. The operator continued to shine in the Michigan market in June.
Fanatics reached double-digit revenue for the first time in May and followed that up with another solid month in June. It produced $12.1 million in revenue last month and has increased totals in nearly every month of 2025:
- January: $7.8 million
- February: $8.2 million
- March: $9.2 million
- April: $9.0 million
- May: $10.5 million
- June: $12.1 million
The trend should continue for Fanatics, as it is adding five WWE-themed games to its portfolio at the end of this month, just in time for SummerSlam on Aug. 2:
- WWE Blackjack
- Raw Multiplier Melee
- SmackDown Big Money Entrance!
- WWE Bonus Rumble Gold Blitz
- WWE Clash of the Wilds
Horseshoe throws a ringer in June
Michigan online casinos actually produced the second-lowest revenue total of 2025 in June. However, Horseshoe Casino turned in its best performance.
Horseshoe is Caesars’ second skin in the market. While Caesars Palace online casino is the company’s main brand, Horseshoe continues to grow.
As a relatively new operator to the market, Horseshoe collected its highest amount of 2025 in June:
- January: $2.7 million
- February: $2.9 million
- March: $3.3 million
- April: $3.1 million
- May: $2.8 million
- June: $3.5 million
The summer months are expected to be slower as online casinos experienced a 4.3% month-over-month decline in June. There could be another dip or two before the market picks up again in September.
June 2025 online casino revenue by operator
| Licensee | Online Brand | Revenue | Promos | Taxes |
|---|---|---|---|---|
| MotorCity | FanDuel | $62,322,649 | $3,739,359 | $17,135,612 |
| MGM Grand Detroit | BetMGM | $60,308,466 | $3,618,508 | $16,581,813 |
| Bay Mills | DraftKings | $38,712,028 | $2,322,722 | $10,189,006 |
| Little River Band of Ottawa | BetRivers | $18,069,656 | $1,084,179 | $4,755,933 |
| Grand Traverse Band of Ottawa and Chippewa | Caesars | $14,476,402 | $868,584 | $3,810,189 |
| Lac Vieux Desert Band of Lake Superior Chippewa | Fanatics | $12,053,170 | $723,190 | $3,172,394 |
| Keweenaw Bay | Golden Nugget | $10,704,811 | $642,289 | $2,817,506 |
| Greektown | Hollywood | $7,527,807 | $451,668 | $2,069,771 |
| Match-E-Be-Nash-She-Wish Band of Pottawatomi | betParx | $3,555,784 | $213,347 | $935,882 |
| Sault Ste. Marie Tribe of Chippewa | Horseshoe | $3,522,183 | $211,331 | $927,039 |
| Sagniaw Chippewa | Eagle | $3,113,992 | $311,399 | $784,726 |
| Pokagon Band of Potawatomi | Four Winds | $2,620,288 | $157,217 | $689,660 |
| Little Traverse Bay Bands of Odawa | PokerStars | $1,641,205 | $98,472 | $421,389 |
| Nottawaseppi Huron Band of Potawatomi | FireKeepers | $1,422,748 | $85,365 | $325,610 |
| Hannahville | SI | $515,363 | $30,922 | $96,888 |
| Total | $240,566,552 | $14,558,552 | $64,713,418 |
