Michigan Online Casinos Performed Strongly In February

The first full month of legal iGaming operations in Michigan produced eye-popping online casino revenue numbers. The February reports from the Michigan Gaming Control Board showed mobile casinos earning just under $75.2 million in February.

Online sports betting posted a net loss in February, as welcome bonuses and other customer acquisition promos counted against revenue for the state’s 11 online sportsbooks. Mobile betting handle came in at over the $300 million mark in February, however, as Michigan bettors turned up in big numbers to place online bets in February.

Michigan Online Sports Betting Revenue February 2021*

MI SportsbooksCasino PartnerOnline Betting HandleGross Sports Betting ReceiptsAdjusted Gross Sports Betting ReceiptsInternet Sports Betting State Tax**
FanDuel SportsbookMotorCity Casino Hotel$87,219,772
BetMGMMGM Grand Detroit$75,743,280$5,317,546$2,448,688$140,841
DraftKings SportsbookBay Mills Indian Community
Barstool SportsbookGreektown Casino Hotel$40,281,772
PointsBetLac Vieux Desert Band of Lake Superior Chippewa Indians
FOX BetLittle Traverse Bay Bands of Odawa Indians$5,782,918$641,864-$126,779
William HillGrand Traverse Band of Ottawa and Chippewa Indians

BetRiversLittle River Band of Ottawa Indians$3,593,987$120,307-$444,032
TwinSpiresHannahville Indian Community
WynnBETSault Ste. Marie Tribe of Chippewa Indians$1,380,374
Golden Nugget SportsbookKeweenaw Bay Indian Community
Four Winds SportsbookPokagon Band of Potawatomi Indians

**tribal casinos pay 8.4% state tax; commercial casinos pay 5.88% state tax and 2.62% city tax

A three-way battle for Michigan’s top online sportsbook market share spot developed among FanDuel Sportsbook, BetMGM, and DraftKings Sportsbook in February. The three sportsbooks combined to account for 75% of betting handle share in February.

Only BetMGM and William Hill turned a profit in February, but the negative revenue trend should turn around sooner than later for Michigan’s online sportsbooks. Barstool Sportsbook took the No. 4 spot on the February betting handle share rankings, while several other brands compete for smaller shares of the Michigan pie.

Michigan only takes state tax from net positive sports betting revenue earnings. As a result, only BetMGM and William Hill contributed to the $142,240 online sports betting tax taken by the state in February.

Michigan Online Casino Revenue February 2021*

MI Online CasinosCasino PartnerAdjusted Gross ReceiptsOnline Casino State Payment**
BetMGMMGM Grand Detroit
FanDuel CasinoMotorCity Casino Hotel$14,103,720
DraftKings CasinoBay Mills Indian Community
BetRiversLittle River Band of Ottawa Indians$5,990,956
PokerStars CasinoLittle Traverse Bay Bands of Odawa Indians$4,274,196
Golden Nugget Keweenaw Bay Indian Community$3,511,340$633,881
WynnBETSault Ste. Marie Tribe of Chippewa Indians$3,449,005
Barstool CasinoGreektown Casino Hotel$3,056,425
TwinSpires Hannahville Indian Community$1,574,759$262,541
Four Winds CasinoPokagon Band of Potawatomi Indians$1,561,629
William Hill CasinoGrand Traverse Band of Ottawa and Chippewa Indians
PlayGunLake.comGun Lake Band of Pottawatomi Indians$162,083$25,933

**online casino revenue taxed at 20-28% based on earnings

The big story coming from the February MGCB reports is the massive success of Michigan’s online casinos. With $75.18 in February revenues, Michigan competes with New Jersey ($93.8 million in February online casino revenue) and Pennsylvania ($77.78 million), the top two mobile casino markets in the nation.

BetMGM reigns as the top choice for online casino gamers in Michigan. The BetMGM MI Casino app earned just under $27 million in February.

The online casino market shapes up as highly competitive in Michigan. Other strong performers in February included FanDuel Casino ($14.9 million), and DraftKings Casino ($13.7 million).

Michigan taxes online casino revenue at a 20-28% tiered rate. Online casinos produced more than $14 million in combined tax revenue for the state in February.

About the Author

Geoffrey Fisk

Geoff Fisk is a San Diego-based freelance writer, specializing in the poker and gambling industries. He’s written for numerous platforms and has traveled the globe as a live poker tournament reporter. Geoff’s interests include the legal online poker industry in the U.S. and abroad.