Michigan online casino revenue for 2022 nearly reached $1.6 billion. The state’s gross gaming revenue (GGR) is on par with the top revenue generators in the country – New Jersey and Pennsylvania.
Just a day after the Michigan online casino, poker, and sports betting marketplace celebrated its second anniversary, the Michigan Gaming Control Board (MGCB) released revenue figures.
Michigan’s legal online gambling sites launched on Jan. 22, 2021. Meanwhile, New Jersey’s legal iGaming sites turn 10 this year, and Pennsylvania’s took their first bets in 2019.
Yet the Big Three online casino revenue states generated similar GGR in 2022. On Jan. 23, the MGCB reported that Michigan online casino revenue totaled $1.6 billion during 2022. The regulators in New Jersey and Pennsylvania published figures of $1.66 billion and $1.67 billion, respectively.
The MGCB says that $1.6 billion total is 33% higher than the $1.1 billion total the online casino and poker sites brought in during 2021.
So only two years into its operation, Michigan’s legal online gambling revenue is within $100 million of the top US online casino GGR.
The Michigan online casino revenue leader, BetMGM, also finally surpassed $1 billion in lifetime GGR in December 2022.
Michigan Online Casino Revenue – December 2022
At nearly $153 million in GGR during December 2022, Michigan online casino revenue may not seem like an astounding figure. That’s because Michiganders may be used to seeing numbers like these, considering November’s $145 million was just 5% below the newest total.
However, $153 million in December 2022 represents a 25.5% rise over December 2021’s $122 million.
Plus, December’s daily average of $4,928,152 in GGR is 2% above November’s $4,847,604. However, the December 2022 revenue from each day of online casino and poker gambling is more than 25% higher than the December 2021 daily average of $3.927,761.
Big Three Online Casino Sites – December 2022
BetMGM hitting the $1 billion lifetime revenue mark for online casino and poker GGR doesn’t come in a vacuum. The brand that leads US online casino market share always competes with the other two members of the Big Three: DraftKings and FanDuel.
Michigan is no different.
In December, BetMGM’s GGR was $54 million, FanDuel’s was $29 million, and DraftKings generated $26 million.
That means that the Big Three online casino sites in Michigan gathered 72% of the state’s GGR during December 2022. That left 28% for all of the other operators.
For example, even though the online casino arm of the Caesars Sportsbook and Casino app saw a 66% increase in month-over-month revenue, that’s only a rise from $4,225,291 in November 2022 to $7,239,301 in December 2022.
Michigan’s Smaller Online Casino Operators’ GGR
Michigan’s smaller online casino operators brought in $43 million in revenue during December 2022.
While Michigan allows 15 sites to operate, the Hannahville Indian Community online casino partnership has remained open since TwinSpires Sportsbook and Casino shut down on Sept. 6, 2022.
So removing the Big Three operators, Hannahville, and Caesars from the final revenue rundown, MGCB reported the December 2022 GGR for the remaining 10 online casino sites:
- Barstool brought in $4.3 million
- BetRivers, $9.4 million
- FireKeepers again generated $1.6 million in GGR
- Play Gun Lake, $520,248
- Golden Nugget (owned by DraftKings), $6.2 million
- PointsBet, $1.5 million
- PokerStars (owned by Flutter Entertainment, the primary owner of FanDuel), $2.2 million
- Four Winds, $3 million
- Soaring Eagle, $2.4 million
- WynnBet, $5 million