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Another Month, Another Michigan Online Casino Revenue Record

The single-month Michigan online casino record fell once again in April, as the state’s 15 operators took in over $132.4 million in gross receipts, narrowly topping March’s then-record of $131.7 million, which — ho-hum — broke February’s then-record $122.8 million haul.

The gap between Michigan, the No. 2 online casino revenue state, and New Jersey, consistently the No. 1 state, is now nearly gone, with Garden State iCasinos raking in $136.9 million last month.

The numbers, released by the Michigan Gaming Control Board, also demonstrated the ongoing dominance of BetMGM in the state’s online casino wars, as the company set another record for itself, almost hitting the $50 million mark, missing it by less than $17,000.

Best of the rest

FanDuel took second place for the month with $21 million and DraftKings third with $19.4 million. Those numbers were, somewhat surprisingly, a mild step back from March’s numbers.

Fourth place was BetRivers at $8.7 million. Golden Nugget — now wholly owned by DraftKings — continued its strong performance in Michigan with a record $6.2 million April.

Next up was Caesars, which set its own record at $5.8 million. Barstool followed at $5.2 million. WynnBET was next at $4.4 million, followed by Four Winds at $3 million (a record for the company), Stars at $2.7 million, Parx at $2.4 million, Firekeepers at $1.3 million, PointsBet at $986,290, TwinSpires at $925,879, and new addition Soaring Eagle bringing up the rear at $398,111.

For the month, the online casinos paid $24.3 million to the state in taxes, $6.6 million to the city of Detroit in taxes, and another $2.7 million to the tribal operators.

Photo: Shutterstock

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Author: Bradley King