Michigan online casinos crossed the $4 billion mark for lifetime revenue in September.
This is thanks to the state recording $166.4 million in September revenue according to the Michigan Gaming Control Board. That is the second-greatest monthly total in its history.
September’s mark is a 9.3% increase from August’s $152.2 million and a 29.3% increase from September 2022’s $128.7 million.
September 2023 Michigan online casino revenue
Online casinos in Michigan continue to make big gains from a year ago with September surpassing last year’s mark by over $37 million.
- Online casino revenue: $166.4 million, up 9.3% from August
- August online casino tax payments: $31.3 million to state and $11.5 million to local entities
- Top online casino app by revenue: BetMGM Michigan with $48.6 million
Three takeaways from September Michigan online casino report
Fastest to $4 billion in revenue
Michigan was the fastest to surpass $1 billion in tax revenue and it now is also the fastest to surpass $4 billion in lifetime online casino revenue.
With September’s numbers, Michigan is now up to $4.1 billion in lifetime revenue. It took the state 33 months to hit this latest mark.
The equates to an average of $124.3 million per month.
Michigan up 23% in revenue from 2022
Adding in September’s $166.4 million in revenue, Michigan is now just under $1.41 billion in revenue for 2023 through nine months.
That is 23% greater than the $1.14 billion the state sat at through nine months of 2022.
Michigan is already creeping in on passing all of 2022’s total revenue of $1.58 billion, which set a new record for yearly revenue.
Should Michigan continue to outpace last year at 23%, it would put the state at $1.95 billion for 2023.
It should be noted that the final quarter of 2022 saw a big uptick in online casino revenue. October ($141 million), November ($145.4 million) and December ($152.8 million) each set new monthly records in succession.
It would be hard to expect this year to continue to see 23% growth from those marks, but the 29% increase in September indicates that anything is possible.
Three operators set new revenue records
Three Michigan online casino operators put up a record monthly revenue mark in September.
DraftKings is having a big 2023, capped off with a record $37.1 million in revenue last month. That greatly surpassed its previous best of $31.6 million from March. It also is the first time DraftKings Casino Michigan has been No. 2 in the monthly revenue chase since August of 2022.
For the year, DraftKings is up to $260.9 million in revenue. That is 48% greater than the $176.3 million it had through nine months of 2022.
DraftKings’ success is even more surprising considering FanDuel again set a new top mark last month. FanDuel Casino Michigan had $35.2 million in revenue in September, surpassing its previous record of $34.2 million from March.
FanDuel is now up to $281.5 million in revenue for the year. That’s 56.8% greater than the $179.6 million it had at this time a year ago.
PointsBet, now “A Fanatics Experience” experienced a record-setting September. It recorded $1.9 million in revenue, topping its previous best of $1.7 million in March.
Like FanDuel and DraftKings, PointsBet has greatly outpaced 2022 for revenue. Through September, it is up to just under $13 million. That is a 96.4% increase from the $6.6 million it had at this point a year ago.
Michigan online casino September 2023 revenue by operator
| Licensee | Online Brand | Revenue | Promos | Taxes |
|---|---|---|---|---|
| MGM Grand Detroit | BetMGM | $48,649,281 | $4,864,928 | $12,806,923 |
| Bay Mills | DraftKings | $37,145,743 | $3,714,574 | $9,360,727 |
| MotorCity | FanDuel | $35,153,548 | $3,515,355 | $9,254,172 |
| Little River Band of Ottawa | BetRivers | $9,553,376 | $955,338 | $2,407,451 |
| Grand Traverse Band of Ottawa and Chippewa | Caesars | $7,242,451 | $724,245 | $1,825,098 |
| Keweenaw Bay | Golden Nugget | $6,463,569 | $646,357 | $1,628,819 |
| Sault Ste. Marie Tribe of Chippewa | WynnBet | $4,111,095 | $411,109 | $1,035,996 |
| Pokagon Band of Potawatomi | Four Winds | $3,155,327 | $315,533 | $795,142 |
| Sagniaw Chippewa | Eagle | $2,708,371 | $270,837 | $682,510 |
| Greektown | Barstool | $2,633,003 | $263,300 | $693,138 |
| Little Traverse Bay Bands of Odawa | PokerStars | $2,595,247 | $259,525 | $654,002 |
| Match-E-Be-Nash-She-Wish Band of Pottawatomi | Play Gun Lake | $1,924,143 | $192,414 | $484,884 |
| Lac Vieux Desert Band of Lake Superior Chippewa | PointsBet | $1,879,842 | $187,984 | $439,883 |
| Nottawaseppi Huron Band of Potawatomi | FireKeepers | $1,858,356 | $185,836 | $468,306 |
| Hannahville | SI | $1,351,117 | $152,148 | $287,752 |
| Total | $166,424,468 | $16,659,483 | $42,824,803 |
