Michigan Online Casinos Down In February But Still Up For 2023

Written By Nicholaus Garcia on March 21, 2023
Michigan Online Casino Revenue February 2023

Michigan online casinos experienced a slight revenue decline in February, generating only $148.2 million

The Wolverine State is another victim of the February slump. Other US states, like New Jersey, have experienced similar revenue declines. However, the $148 million generated in February is good enough for the third-highest total in Michigan online casino history.

Although revenue dropped almost 9%  from January to February, it’s still a 20.7% increase from February 2022’s total of $122.8 million.

Michigan online casinos February 2023 revenue

According to data from the Michigan Gaming Control Board (MGCB), Michigan’s online gaming gross receipts were $148.17 million. As a whole, Michigan commercial and tribal operators combined to generate $170.83 millio
in February.

  • Online casino revenue: $148.2 million, down 3.6% from December
  • February online casino tax revenue: $26.3 million to the state and $10 million to local entities
  • Top online casino operator by revenue: BetMGM Casino with $48.4 million

BetMGM is still top dog in Michigan

Although BetMGM remains the top operator in the state, the $48 million generated in February was the lowest the operator has recorded since September. The quiet month also snaps a four-month streak of over $50 million in revenue. 

BetMGM aside, there were some positive notes for other online gaming operators. FanDuel and DraftKings managed to generate record-setting revenue totals for the month. 

  • FanDuel Casino posted $29.5 million in revenue; its previous record was $28.95 million in December 2022. 
  • DraftKings Casino outdid January’s record-setting month of $26.2 million by generating $26.9 million in February. 

Overall, six total operators had revenue growth from January to February.

  1. FanDuel
  2. DraftKings
  3. Parx
  4. PointsBet
  5. Play Eagle
  6. WynnBet

Michigan sports betting dips in February

As for Michigan sports betting, it also took a noticeable drop in month-to-month and year-over-year handle in February.

Sports betting operators recorded $357.2 million in handle for February, a 27.2% drop from January and a 15.7% drop from February 2022. 

  • Handle: $357.2 million ($344.9 million online)
  • Revenue: $23.1 million ($22.7 million online)
  • Month-over-month: Handle down 27.2%
  • February sports betting tax revenue: $1.8 million to the state and $358,728 to local entities.
  • Top online sports betting operator by handle: FanDuel Sportsbook with $122.7 million
  • Top online sports betting operator by revenue: FanDuel Sportsbook with $13.9 million
Photo by Playin USA
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Nicholaus Garcia

Nick Garcia is a senior reporter for Playin USA. Garcia provides analysis and in-depth coverage of the gambling industry with a key focus on online casinos, sports betting and financial markets. Garcia has been covering the US gambling market since 2017. He attended Texas Tech University as an undergrad and received a Master of Arts in Journalism from Columbia College Chicago.

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