Michigan’s online casino industry reached a new milestone in May with $301.43 million in gross receipts. This figure reflects a 3.7% increase from April’s $290.7 million total.
The Michigan Gaming Control Board confirmed continued growth in both iGaming and sports betting sectors. Additionally, sports betting played a key role in boosting overall revenue.
Michigan Online Casinos Raked Huge Revenue
The MGCB reported strong iGaming growth in Michigan, with May gross receipts reaching $251.47 million – up from April’s $248.1 million. Continued demand for online slots and table games fueled this rise.
Adjusted gross receipts for iGaming hit $236.2 million, a 1.3% monthly increase. Year-over-year, iGaming AGR jumped 32.2%, highlighting real money online casino market expansion in Michigan.
Top online casino operators include BetMGM and MGM Grand Detroit, which regained the top spot in May. Reports indicate the two operators earning $7.4 million gross and $63.3 million adjusted receipts, respectively.
Meanwhile, FanDuel and MotorCity Casino dropped to second with $65.9 million gross and $61.9 million adjusted receipts. DraftKings and the Bay Mills Indian Community followed, generating $36.3 million gross and $34.1 million adjusted receipts.
Commercial iGaming tax payments totaled $49.1 million for May, with Detroit receiving $12.7 million from operators. Additionally, tribal operators paid $5.8 million to their respective governing bodies.
Michigan Sports Betting Also Came Up Strong
Michigan’s online sportsbooks saw major gains in May, with gross receipts rising to $49.96 million from April’s $42.6 million. Adjusted gross receipts hit $35.6 million, marking a 32.9% increase from the previous month.
Year-over-year, sports betting AGR surged by 26.6%, proving the sector’s strong growth and rising popularity. Despite a 7.6% dip in handle to $386.1 million, online sportsbooks maintained a solid 12.95% hold rate.
Overall, Michigan’s sports betting sector continues growing steadily, even with slight fluctuations in monthly handle. More importantly, the recent numbers further solidify the Wolverine State as one of the “Big Three” of the best online casino markets in the U.S.
This growth boosted state and local contributions, with operators paying $51.1 million in total taxes for May. iGaming taxes accounted for $49.1 million, while sports betting added another $2 million in state payments.
Meanwhile, Detroit collected $13.35 million from its three commercial casinos in wagering taxes and fees. Of that amount, iGaming contributed $12.7 million, showing its dominant role in city revenue generation.