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 Sportsbooks Casino Partner Online Betting Handle Gross Sports Betting Receipts Adjusted Gross Sports Betting Receipts Internet Sports Betting State Tax**
FanDuel Sportsbook MotorCity Casino Hotel $87,219,772
BetMGM MGM Grand Detroit $75,743,280 $5,317,546 $2,448,688 $140,841
DraftKings Sportsbook Bay Mills Indian Community
Barstool Sportsbook Greektown Casino Hotel $40,281,772
PointsBet Lac Vieux Desert Band of Lake Superior Chippewa Indians
FOX Bet Little Traverse Bay Bands of Odawa Indians $5,782,918 $641,864 -$126,779
William Hill Grand Traverse Band of Ottawa and Chippewa Indians

BetRivers Little River Band of Ottawa Indians $3,593,987 $120,307 -$444,032
TwinSpires Hannahville Indian Community
$1,897,812 -$18,098 -$277,366
WynnBET Sault Ste. Marie Tribe of Chippewa Indians $1,380,374
Golden Nugget Sportsbook Keweenaw Bay Indian Community
Four Winds Sportsbook Pokagon Band of Potawatomi Indians
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 Casinos Casino Partner Adjusted Gross Receipts Online Casino State Payment**
BetMGM MGM Grand Detroit
FanDuel Casino MotorCity Casino Hotel $14,103,720
DraftKings Casino Bay Mills Indian Community
BetRivers Little River Band of Ottawa Indians $5,990,956
PokerStars Casino Little Traverse Bay Bands of Odawa Indians $4,274,196
Golden Nugget Keweenaw Bay Indian Community $3,511,340 $633,881
WynnBET Sault Ste. Marie Tribe of Chippewa Indians $3,449,005
Barstool Casino Greektown Casino Hotel $3,056,425
TwinSpires Hannahville Indian Community $1,574,759 $262,541
Four Winds Casino Pokagon Band of Potawatomi Indians $1,561,629
William Hill Casino Grand Traverse Band of Ottawa and Chippewa Indians
PlayGunLake.com Gun Lake Band of Pottawatomi Indians $162,083 $25,933
Totals $88,869,106 $17,813,430

**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.