November Snapped Streak of Record Revenue Months For Michigan Online Casinos

The state's online casinos took a modest step backward, but a billion dollar year is certain
Decline
Facebook
Twitter
Email

The streak is broken.

After three straight record-setting months, Michigan’s online casino world didn’t set a record in November, with gross receipts falling to $107.6 million for the month, down from October’s $109.7 million, according to numbers released Thursday by the Michigan Gaming Control Board.

But the more things (slightly) change, the more things stay nearly exactly the same, as BetMGM continued its dominance in the state. It had $40.1 million in gross receipts last month, which was nearly more than the operators who finished in the next three spots: DraftKings and FanDuel, both with $16.8 million, and BetRivers, at $7 million.

Fifth place was Golden Nugget at $5.7 million. Barstool was next at $4.6 million, and WynnBet was seventh at $4.1 million.

Rounding out the rest: Stars, $2.5 million, Caesars, $2.4 million; Four Winds, $2.3 million; TwinSpires, $1.4 million; Gun Lake, $1.4 million; Firekeepers, $1.3 million; Parx, $1.3 million; and PointsBet, $801,055.

Total gross receipts for the online casinos in 2021 now stands at $992.2 million, meaning the industry is going to hit the billion dollar mark in its first year.

For the month, the casinos paid $19.8 million in state taxes, $5.3 million to the city of Detroit, and another $2.2 million to Michigan’s tribes.

Year-to-date, the casinos have paid out over $248 million in total taxes.

Photo: Shutterstock

Facebook
Twitter
Email

Related Posts