Michigan’s Commercial Casinos Off to Hot Start in 2023

The state’s three commercial casinos have generated $261.9 million in revenue so far in 2023 vs. the $211.8 million made by the twelve tribal casinos.
Michigan's Commercial Casinos Off to Hot Start in 2023
By
April 27, 2023

Michigan’s three commercial casinos have been slowly expanding their lead over the state’s 12 tribal casinos in terms of revenue from online casino gaming, but its advantage in handle from online sports betting has narrowed.

According to the Michigan Gaming Control Board (MGCB), the state’s three commercial casinos — Hollywood Casino at Greektown (formerly Greektown Casino-Hotel), MGM Grand Detroit, and MotorCity Casino — have generated $261.9 million in revenue through the first three months of 2023, up 23.5% from the same period in 2022 ($212 million).

So far this year, BetMGM Casino MI, which operates under the land-based license of MGM Grand, is leading its two commercial rivals in terms of online casino revenue with $157.5 million. FanDuel Casino MI, partnered with MotorCity Casino, was a distant second with $92.6 million, while Barstool (Hollywood) was further back with just $11.8 million in revenue through March.

By comparison, Michigan’s 12 tribal casinos had a combined $211.8 million in online casino revenue during the first three months of 2023, up 29.4% from the same period the year before ($163.7 million). DraftKings Casino MI, partnered with Bay Mills Resort & Casino, has been by far the most profitable online operator among the tribal casinos –it generated $84.7 million in the first three months of the year.

Despite being outnumbered four-to-one, the three commercial casinos have been slowly building a revenue lead over their tribal casino rivals. The commercial casinos were ahead by $35.8 million in revenue through the first three months of 2021. MGCB data show they expanded their advantage to $48.3 million in 2022 and $50.1 million currently.

$25 No Deposit Bonus & 100% up to $1,000
$25 No Deposit Bonus
& 100% match up to $1,000
use code: REVIEWBONUS
Last verified: June 1, 2024
  • Generous welcome bonus
  • Big progressive jackpots
  • Good selection of slots
Bet With Your Head, Not Over It. Must be 21 or over and in Michigan to play. If you or someone you know has a gambling problem and wants help, call the MDHHS Gambling Disorder Help-line at 1-800-270-7117 or visit the MDHHS website.

Commercial casinos had their biggest lead in online casino revenue so far this year in January when the trio was ahead of the tribal casinos by about $18.1 million. The gap shrank to $14.3 million in February before expanding again to $17.7 million in March.

Online casino revenue data from MGCB includes online poker. Since the regulator does not separate online poker revenue from online casino, online poker’s final contribution is unknown.

Handle Down 8.9% for Commercial Casinos

But while online casino revenue has been trending upward, handle from online sports betting has been going in the other direction. MGCB data show online handle at the state’s trio of commercial casinos totaled $739 million through the first three months of 2023, down 8.9% from online handle between January 2022 and March 2022 ($810.8 million).

FanDuel Sportsbook MI has been the top online book for commercial casinos so far this year with a $419.5 million handle. Among the tribal casinos, DraftKings Sportsbook MI has been tops this year with a $307.9 million handle through March.

Like with online casino revenue, in terms of online handle, Michigan’s three commercial casinos had their biggest lead over their 12 tribal casino rivals in January — MGCB said the commercial trio was ahead $104.5 million in handle that month.

It was assumed that Michigan’s tribal casinos would start to close the gap with its commercial rivals — in both online casino revenue and sports handle — after SI Casino and SI Sportsbook launched in the state in February. The Sports Illustrated (SI) themed online casino and sportsbook is partnered with Island Resort & Casino and replaced TwinSpires.

If you or someone you know has a gambling problem and wants help, call the Virginia Council on Problem Gambling (VACPG) helpline at 1-888-532-3500

Keep reading: