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Four months in, and Michigan online casinos continue to post record-setting numbers. But, online sports betting remains in a funk.
For May, online casinos in Michigan generated $150.6 million, suitable for a top-5 all-time revenue month. However, May’s impressive stats were down 5.5% from April 2023’s $159.4 million.
Looking at the broader scope, online gaming in Wolverine State sits at just under $3.5 billion in all-time revenue, with the state collecting roughly $900 million lifetime in tax revenue.
Online casino numbers in Michigan
Recent figures from the Michigan Gaming Control Board (MGCB) show the revenue generated in May 2023 is an 18% increase from May 2022’s $127.4 million.
The top online casino in Michigan continues to be BetMGM Michigan which collected $47.4 million in revenue for the month.
Other highlights from MGCB’s May 2023 report include:
- Internet gaming taxes and fees: $28 million
- Payments to local entities: $10.4 million
- Combined (tribal and commercial) gross revenue: $185.8 million
Top-5 online casino operators by revenue
- MGM Grand Detroit – BetMGM: $47.4 million
- MotorCity – FanDuel: $30 million
- Bay Mills – DraftKings: $27 million
- Little River Band of Ottawa – BetRivers: $9 million
- Keweenaw Bay – Golden Nugget: $7 million
Online sports betting continues to slump
In May, the three retail sportsbooks and 15 online sports betting operators combined for $305.3 million in betting handle. That was down 9.7% from April and 14.2% from May 2022.
Additionally, the $288.3 million in handle generated from Michigan online sports betting was the lowest mark since August of last year.
May tends to be one of the slowest months around the US. The NBA and NHL finals have concluded, and what remains is betting on Major League Baseball and other international sports.
May 2023 sports betting numbers
- Handle: $305.3 million ($288.3 million online)
- Revenue: $36.1 million ($35.2 million online)
- Month-over-month: Handle decreased by 9.7%
- May sports betting taxes: $1.5 million to the state and $683,713 to local entities.
- Top online sports betting app by revenue: FanDuel Sportsbook MI with $17.6 million
Regardless of the recent revenue slump, as we inch closer to the start of the 2023 NFL season, revenue numbers across legal sports betting jurisdictions will certainly increase.
