Michigan falls shy of online gambling revenue record in July
Gross gambling revenue from online casino and internet sports betting in Michigan reached $284.6 million in July, just 5.6% behind the state’s monthly record.
Michigan reported an all-time high of $301.4 million in revenue in May of this year, with July not far behind. Meanwhile, the state reported a 28.8% year-on-year rise for July, which was almost level with June’s $285.2 million haul.
Michigan Gaming Control Board data also showed that after promotional spending, adjusted gross receipts totalled $259.1 million. This was 36.7% above last year.
iGaming leads the way in Michigan
Once again, iGaming drew the most gross revenue at $250.5 million, a year-on-year rise of 30.9%. Adjusted revenue hit $235.2 million, some 36.5% more than the previous year.
FanDuel and MotorCity remained the market leaders, although BetMGM and MGM Grand Detroit were close behind. iGaming revenue from FanDuel and MotorCity topped $63.1 million, with adjusted revenue at $59.3 million.
BetMGM and MGM Grand Detroit posted revenue of $62 million and an adjusted total of $58.3 million. DraftKings and the Bay Mills Indian Community took third with a split of $41.6 million and $39.1 million.
Tax-wise, commercial iGaming payments topped $49.1 million, while Detroit received $12.1 million. Tribal operators paid $6.1 million to governing bodies.
Sports betting revenue also on the rise in July
As for sports betting, gross revenue was up 16% from July 2024 to $34.1 million, with adjusted revenue rising 38.7% to $23.9 million. In terms of handle, online betting spending climbed 13% to $282.7 million.
This resulted in a monthly hold of 12.06%, based on gross revenue in Michigan.
FanDuel and MotorCity Casino also led the sports betting market with $14.1 million in gross revenue. Taking $90.4 million in bets, this meant a monthly hold of 15.6%.
DraftKings and the Bay Mills Indian Community remained second with $9.4 million off an $87.9 million handle for a 10.69% hold. BetMGM and MGM Grand Detroit were third on $5.2 million from $36.9 million, meaning a 14.09% hold.
Sports betting tax payments to the state topped $1.4 million while Detroit received a total of $411,627.
Detroit casino revenue edges up
The Michigan regulator also published figures for the three land-based commercial casinos in the city of Detroit. Revenue for July amounted to $107 million, marginally ahead of $106.3 million in 2024.
Table games and slot machines drew $106 million in revenue, with retail sports betting revenue at $1 million. MGM Grand Detroit led the market with a 48% share, followed by MotorCity at 30% and Hollywood Casino with 22%.
State gaming taxes topped $8.6 million while Detroit received $12.6 million. The casinos also paid $39,006 in state retail sports betting tax and $47,674 to the city.