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Michigan’s online casinos nearly surpassed their annual revenue record in September. The current record stands at $263.3 million, set in August 2023, according to the Michigan Gaming Control Board. In September 2025, the state reported $259.1 million in revenue, just $4.2 million shy of the record.
Chasing records: Michigan’s online casino boom
The year 2025 has been exceptional for Michigan’s online casinos compared to previous years. For instance, September 2024 generated $202.6 million, the second-highest monthly total at that time. By September 2025, revenue had surged 27.9% year-over-year.
Ten Michigan online casinos posted significant revenue gains in September 2025 compared to September 2024. The data is as follows:
| Online Operator | September 2025 Revenue | September 2024 Revenue | Percentage Change |
|---|---|---|---|
| FanDuel | $69,756,788 | $48,832,783 | 42.8% |
| BetMGM | $65,856,942 | $53,370,906 | 23.4% |
| DraftKings | $40,372,800 | $38,227,349 | 5.6% |
| BetRivers | $20,015,527 | $12,307,014 | 62.6% |
| Caesars Palace | $14,737,150 | $12,976,519 | 13.6% |
| Fanatics | $14,097,286 | $5,694,636 | 147.6% |
| Golden Nugget | $9,184,480 | $9,318,263 | -1.4% |
| Hollywood Casino | $7,714,443 | $4,368,771 | 76.6% |
| BetParx | $4,210,286 | $2,114,769 | 99.1% |
| Eagle Casino | $3,846,697 | $3,892,512 | -1.2% |
| Horseshoe | $3,375,061 | $2,289,894 | 47.4% |
| FireKeepers | $2,262,843 | $1,587,584 | 42.5% |
| PokerStars | $1,789,277 | $2,549,469 | -29.8% |
| Four Winds | $1,904,381 | $4,119,737 | -53.8% |
| SI | N/A | $941,463 | N/A |
| Total | $259,123,961 | $202,591,670 | 27.9% |
Online casino revenue poised to surpass 2024 in October
Michigan’s online casino revenue growth shows no signs of slowing. The industry is on track to set a new annual revenue record in October. As of September 2025, total yearly revenue for Michigan’s online casinos reached $2.24 billion.
In comparison, the full-year revenue for 2024 was $2.44 billion, a record at the time. To surpass this, casinos need approximately $200 million in October—a feasible target, given that monthly revenues in 2025 have consistently exceeded $240 million, except in February.
It’s likely that Michigan has already set a new annual revenue record, pending final October figures.
Unstoppable growth: Michigan’s casino revenue soars
Michigan’s online casinos have seen consistent year-over-year revenue increases, with no indication of a slowdown. Based on September data from the past five years, revenue has grown by at least 21% annually:
| Year | September MI Online Casino Revenue | Growth From Previous Year |
|---|---|---|
| 2021 | $102,380,222 | N/A |
| 2022 | $128,734,447 | 25.7% |
| 2023 | $166,424,468 | 29.3% |
| 2024 | $202,591,670 | 21.7% |
| 2025 | $259,123,961 | 27.9% |
Despite the peak percentage growth occurring in 2023, the dollar amount increase has remained steady. For example, September 2025 revenue rose by $56.5 million compared to September 2024.
If this growth rate continues, Michigan’s online casinos could reach $300 million in monthly revenue, a milestone no other state has achieved. Additionally, rising casino revenues are boosting state and local coffers. In September 2025, Michigan collected $50.8 million in state tax revenue and an additional $19.1 million for city and local authorities.
