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
-$78,889
-$5,399,479
BetMGMMGM Grand Detroit$75,743,280$5,317,546$2,448,688$140,841
DraftKings SportsbookBay Mills Indian Community
$72,938,905
-$161,496
-$5,077,961
Barstool SportsbookGreektown Casino Hotel$40,281,772
$1,894,529
-$1,302,825
PointsBetLac Vieux Desert Band of Lake Superior Chippewa Indians
$6,951,264
$1,105,629
-$532,004
FOX BetLittle Traverse Bay Bands of Odawa Indians$5,782,918$641,864-$126,779
William HillGrand Traverse Band of Ottawa and Chippewa Indians
$5,556,595

$449,317
$16,651
$1,399
BetRiversLittle River Band of Ottawa Indians$3,593,987$120,307-$444,032
TwinSpiresHannahville Indian Community
$1,897,812-$18,098-$277,366
WynnBETSault Ste. Marie Tribe of Chippewa Indians$1,380,374
$128,581
-$63,170
Golden Nugget SportsbookKeweenaw Bay Indian Community
$497,693
$69,788
-$11,643
Four Winds SportsbookPokagon Band of Potawatomi Indians
$12,680
$3,840
-$4,860
Totals$301,857,054$9,472,919-$10,774,780$142,240

**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 ReceiptsInternet Gaming State Payment**
BetMGMMGM Grand Detroit
$26,912,268
$5,261,868
FanDuel CasinoMotorCity Casino Hotel$14,917,481$2,754,581
DraftKings CasinoBay Mills Indian Community
$13,722,043$2,892,795
PokerStars CasinoLittle Traverse Bay Bands of Odawa Indians$5,150,935$871,005
Barstool CasinoGreektown Casino Hotel$4,705,501
$668,647
BetRiversLittle River Band of Ottawa Indians
$3,905,410$642,832
WynnBETSault Ste. Marie Tribe of Chippewa Indians$2,289,613
$366,338
Golden NuggetKeweenaw Bay Indian Community$1,964,634
$314,341
TwinSpiresHannahville Indian Community$1,066,635
$170,662
William Hill CasinoGrand Traverse Band of Ottawa and Chippewa Indians
$360,484
$57,678
Four Winds CasinoPokagon Band of Potawatomi Indians
$193,012
$30,882
Totals$75,188,016$14,031,629

**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.