Michigan Sets iGaming Revenue Record for January
Written by Nosa
Published date · Feb. 24, 2023 |
Last Updated · March 6, 2023 | Read Time: 2 mins
Michigan recorded gross online gaming revenue of $153.7 million for January 2023, setting a new record in the process.
Online Casino in January
January’s total beat out the previous record of $152.8m set in December 2022.
Overall revenue, when combining online gaming and sports betting, came to $187.3 million for January, down from $201.6 million in December.
BetMGM was the best performing operator in the state in terms of online gaming revenue, generating $52.8 million from its online casino platform.
FanDuel came in second with $28.9 million, while Barstool Sportsbook and Casino brought in $4.1 million.
Operators paid a total of $26.1 million in taxes and payments to the state - $24.9 million from online gaming and $1.2 million from sports betting.
Sports betting revenue for the month saw a significant month-on-month decrease, dropping 31% from December to $33.6 million.
In terms of tribal gaming, 11 tribes in Michigan generated $67.9 million in online casino revenue.
The Bay Mills Indian Community and its Bay Mills Resort & Casino - whose online offering is run by DraftKings - brought in $26.2 million from its interactive slots and table games in January.
The Little River Band of Ottawa Indians and its Little River Casino Resort and iGaming partner Rush Street Interactive was next with $8.6 million.
12 tribes have casino operations within Michigan, operating under tribal compacts agreed in 1993, 1998 and 2007.
The tribes working under the 1993 compact are the Bay Mills Indian Community, Grand Traverse Band of Ottawa and Chippewa Indians, Hannahville Indian Community
Lac Vieux Desert Band of Lake Superior Chippewa Indians, Saginaw Chippewa Indian Tribe, Sault Ste. Marie Tribe of Chippewa and Keweenaw Bay Indian Community.
The Little Traverse Bay Band of Odawa Indians, Nottawaseppi Huron Band of Potawatomi Indians Pokagon Band of Potawatomi Indians and Little River Band of Ottawa Indians operate under the 1998 compact, while The Gun Lake Band of Match-E-Be-Nash-She-Wish Band of Potawatomi Indians use the 2007 agreement.