Michigan posted record-high iGaming numbers in March, even as its sports betting sector cooled off. The state brought in $293.5 million in total online gambling revenue, according to data from the Michigan Gaming Control Board. That total marked a 9.3% increase from February and outpaced the same month last year.
Good to know
- Michigan set a new online casino revenue record in March with $260.5 million.
- Sports betting saw a decline in both revenue and handle compared to last year.
- Detroit’s land-based casino revenue dropped year-on-year but rose from February.
After adjusting for promotions, gross receipts stood at $260.7 million—up 17.9% year-on-year and 10.3% higher than February.
Online Casino Revenue Hits Record
Igaming alone generated $260.5 million in March, setting a new monthly high. That figure beat January’s previous record by 5% and was 20.9% more than March 2024. Adjusted receipts from igaming totaled $246.1 million, also a new record and 26.5% above last year’s numbers.
BetMGM, partnered with MGM Grand Detroit, returned to the top of the market with $69 million in gross receipts and $64.8 million adjusted. FanDuel and MotorCity Casino, the previous month’s leaders, followed closely with $68.1 million and $64 million, respectively. DraftKings and the Bay Mills Indian Community came in third, generating $41.1 million gross and $38.7 million adjusted.
The state collected $50.5 million in iGaming taxes. Detroit received $13.1 million from commercial operators, while tribal operators paid $6 million to their governing bodies.
Sports Betting Drops
Online sports betting had a quieter month. Gross receipts hit $33 million, down 21.2% from March 2024. Adjusted receipts dropped even more, falling 45.3% to $14.6 million.
Bettors wagered $475.1 million in total, a 4.5% decrease from the previous year. The monthly hold came in at 6.95% based on gross receipts and just 3.07% when adjusted.
FanDuel and MotorCity led the category with $14.1 million from a $179 million handle, showing a 7.88% hold. DraftKings and Bay Mills followed at $9.5 million from $129 million (7.36% hold). BetMGM and MGM Grand Detroit took third place with $3.9 million from $70 million, delivering a 5.57% hold.
State tax revenue from sports betting totaled $874,052, with Detroit receiving $281,974.
Detroit Casino Revenue Mixed
Land-based casinos in Detroit earned $117.4 million in March. While that was 5.3% lower than last year, it marked an 18.8% rise from February.
Slots and table games contributed $116.8 million. Adjusted gross receipts came in at $571,216, with wagers totaling $12.1 million and a 4.72% hold.
MGM led the city’s market with 46% share, followed by MotorCity at 31% and Hollywood Casino at Greektown with 23%.
The three casinos paid $9.5 million in state taxes and $13.9 million to the city. Retail sports betting taxes added another $21,592 to the state and $26,390 to Detroit.
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