Michigan Online Casinos that Offer the Best Payouts
Written by Phoebe
Published date · Dec. 21, 2022 | Last Updated · March 16, 2023 | Read Time: 5 mins
Since Michigan legalized online casinos in 2019, the state has quickly become one of the most competitive iGaming markets in the US. There are now over a dozen online casinos licensed and regulated by the Michigan Gaming Control Board (MGCB).
However, competition ensures the platforms strive to offer the best games, bonuses, and payout speeds possible. With that in mind, just which online casinos in Michigan offer the best payouts and payout speeds?
Payouts concern the average return to player percentage of the games and payout speeds is how long it takes you to receive your withdrawals.
So, read on to establish which are the best casinos on both of these topics.
BetMGM Online Casino
BetMGM Michigan first went live in January 2021 and is one of the best online casinos in the state. The platform currently offers 600+ casino games, including slots, table games, and live casino titles. They come courtesy of leading iGaming developers, such as Evolution, Big Time Gaming, IGT, and Blueprint Gaming. Among those are high RTP slots, such as Dazzle Me (NetEnt) and Starmania (NextGen). There’s also a stable of live casino games provided by Evolution.
BetMGM Payout Rate: The average payout rate at BetMGM casino is 98.03%. Slots can range between 94% and 98% while some video poker titles and table games offer over 99%.
BetMGM Payout Time: BetMGM offers a range of payment methods you can use to fund or cash out your account. That includes popular eWallets, bank cards, bank transfers and vouchers. This platform can take up to 5 banking days to approve withdrawals because of its internal review period. Once approved, you can expect eWallet and bank card transactions to send funds within an hour. Online banking and bank transfers can take 2 - 4 banking days, while sending checks by mail can take 1 to 3 weeks.
BetRivers Online Casino
BetRivers is another online casino that holds a license from the Michigan Gaming Control Board and is therefore allowed to serve you in the Wolverine state. Aside from a decent selection of payment options and quick payouts, BetRivers offers over 300 games. You can play jackpot slots including Divine Fortune, and entertaining video slots such as Bonanza Megaways. Plus, BetRivers often rewards players with lucrative bonuses and promotions.
BetRivers Payout Rate: This casino offers a solid average return to player percentage of 96.50%. Of course, the RTP you get depends on the games you play. Table games and live games are great if you want high percentages. Video poker is another good option. Video slots can range from anywhere between 90 and 98%, so check the RTP of titles before you play.
BetRivers Payout Time: You can choose from PayPal, credit/debit cards, online banking and more when trying to deposit or withdraw at BetRivers. BetRivers will process your request within 24 hours when you want to cash out. However, you must wait for your chosen payment method to complete the transaction. eWallets and credit cards offer the quickest payout speeds, while bank transfers can take a few more days. As for Check by Mail, you might end up waiting as many as two weeks for your payment.
DraftKings Online Casino
DraftKings Casino is another great option if you are looking for an online casino that offers good payouts. You can play over 300 casino games, including casino classics and live games, but it is the slot collection that stands out here. Good options include White Rabbit Megaways which has an RTP of 97.72% and Blood Suckers II that returns 96.94% on average. Of course, like many other platforms on this list, DraftKings is also an online sportsbook and DFS site. Essentially, it is a one-stop shop for all your iGaming needs.
DraftKings Payout Rate: In terms of the payout percentage at DraftKings, you can look forward to an average of 97.31%. Again, that will differ depending on the games you play. Always check beforehand to ensure you are getting a good RTP.
DraftKings Payout Time: You can deposit and withdraw using a variety of payment methods, ranging from bank cards and eWallets to bank transfers and checks. When depositing, most transactions will complete instantly, but this is not the case with withdrawals. DraftKings will strive to authorize all payment requests within 24 hours.
Caesars Online Casino
You won't find many names bigger than Caesars in the online and land-based gambling industries. The question is, does this Michigan online casino offer some of the best payouts in the state? Well, before we get into that, you should know that it certainly has one of the better collections of games. It might not have the quantity of some others, but it only features titles from the 10+ best developers. You can enjoy video slots from the likes of NetEnt, Blueprint Gaming, and Red Tiger Gaming.
Caesars Payout Rate: The average return to player percentage at Caesars Online Casino in Michigan is 97.65%.
Caesars Payout Time: You can take advantage of similar payment methods listed for the other online casinos. Paypal, Visa, and Mastercard are the most popular and convenient. The pending time when making a withdrawal request should last no longer than 24 hours. As for how long you have to wait on top, that depends on the method you used. Again, you might have to wait a few more days if using bank transfers or Check. Paypal and credit/debit cards should arrive instantly once processed.
WynnBet Online Casino
The final Michigan online casino to feature on our list of those featuring the best payouts is WynnBet online casino. This platform went online in the state in 2020 and has since compiled over 600 top quality slots, table games, and a suite of live games. You will also appreciate a sleek and modern interface, some great bonus offers, and a worthy loyalty program.
WynnBet Payout Rate: Where WynnBet performs admirably is via the average payout range of the games it offers. That is currently at 97.98%.
WynnBet Payout Time: Disappointingly, it can take up to 2 banking days for WynnBet Casino to authorize withdrawal requests. Other platforms on this list are much faster. That said, once approved, your payments get to you fairly quickly. In fact, if you use PayPal or a bank card, you should get them almost instantly. You also get a choice of 7 different payment methods.
So Which Casino Should I Play at?
As you can see, there is not a lot in it between these well-known online casinos. Each of the platforms above does a stellar job in terms of payout speeds and RTPs. However, at a push, you would have to say that DraftKings just about edges it. That platform offers a good combination of high RTPs and fast payout speeds. The casino also has one of the best collections of payment methods. That said, any of the above casinos will give you a solid experience the next time you want to enjoy Michigan online gambling.