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Online gaming usually drops in May at the beginning of the summer, but the decline this year has been more pronounced than what was observed in 2021 and 2022.
Data show three commercial casinos in the state still lead 12 tribal casinos in terms of online casino revenue and handle from online sports betting. But both leads are narrowing.
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.
BetMGM, DraftKings, & FanDuel lead Michigan’s iGaming market in record month. Four smaller operators also set records in Michigan’s online casino industry
Data from the Michigan Gaming Control Board (MGCB) show the state’s three commercial casinos stayed ahead of 12 tribal casinos in terms of online casino revenue and handle in 2022.
BetMGM Casino MI, DraftKings Casino MI, and FanDuel Casino MI broke monthly revenue records, as did smaller operators FourWinds and PlayEagle.
Despite only launching in April, the GAN-powered platform for the Soaring Eagle Casino & Resort in Mount Pleasant is already putting up impressive numbers in online casino and sports betting.
The state’s online sportsbooks only handled $206.1 million in wagers, its lowest point since August 2021. BetMGM, DraftKings, & FanDuel all saw substantial declines.
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