Michigan Online Casinos Post Top-5 Revenue Month In May

Written By Nicholaus Garcia on June 21, 2023
Woman Holds Cell Phone With Casino Graphic and Michigan May 2023 revenue

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

  1. MGM Grand Detroit – BetMGM: $47.4 million
  2. MotorCity – FanDuel: $30 million
  3. Bay Mills – DraftKings: $27 million
  4. Little River Band of Ottawa – BetRivers: $9 million
  5. 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.

Photo by PlayUSA
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Nicholaus Garcia

Nick Garcia is a senior reporter for PlayUSA. 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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