The Michigan Gaming Control Board (MGCB) has ordered five iGaming platforms to stop their operations in the state within 14 days.It is illegal to accept bets from...
Michigan iGaming revenue hits record in March
iGaming revenue for March hit a record $293.5 million in Michigan, marking a 9.3% increase from February and a 6.7% increase from March 2024.
These numbers show iGaming dominance in the market, raking in $260.5 million. That’s a new record, beating January’s previous high and increasing by 20.9% above last year’s results. After accounting for promotions, adjusted gross receipts reached $246.1 million, a 26.5% boost from 2024.
Leading the pack, BetMGM and MGM Grand Detroit clocked $69 million in iGaming revenue. FanDuel with MotorCity Casino followed closely behind, while DraftKings and Bay Mills Indian Community rounded out the top three. iGaming alone contributed more than $50 million in state taxes and $13.1 million to Detroit.
Sports betting records declines in Michigan
While iGaming gains dominance with excellent numbers, sports betting records a revenue decline to $33 million. When compared to March 2024, the decline is more than 21%. After promotions, adjusted receipts were sliced nearly in half to $14.6 million. Players wagered $475.1 million, a 4.5% dip year-on-year.
FanDuel and MotorCity still led the sports betting race, followed by DraftKings and BetMGM. Combined, these operators contributed nearly $900k in taxes to the state.
Land-based casinos
In the casino segment, the casino floor, Detroit’s brick-and-mortar venues saw a 5.3% revenue drop year-over-year, despite an uptick from February. Still, MGM maintained its lead with a 46% market share.
Michigan's Gaming Control Board (MGCB) has ordered 10 illegal gambling sites to immediately stop their operations in the state.The biggest concern is that illegal...
