BetMGM continued its dominance of the online casino market in Michigan in April, with revenue hitting $36.8 million in adjusted gross receipts for the month, topping its first place finish in March of $30.8 million.
Finishing a distant second and third in a near dead heat were FanDuel and DraftKings, with $14.1 million and a shade under $14 million, respectively. This marked decreases for both casinos month-over-month.
In fourth place was BetRivers, with $6 million in online casino revenue, followed by Stars at $4.3 million.
To be clear: It took all of DraftKings, FanDuel, BetRivers, and Stars to eclipse BetMGM’s month.
Barstool continues its tumble
From there, the pickings got increasingly slim.
Total gaming taxes for the month came to $17.8 million, up 3.3% month-over-month, which buoyed the whole of the internet gaming industry in Michigan, as the sportsbooks took a hit in April.
“While the sports betting handle dropped 30-plus percent, which we expected the month after March Madness, internet casino gaming adjusted gross receipts held steady with a slight two-tenths of a percent increase in April,” said Richard S. Kalm, MGCB executive director, in a press release.
Since online gaming was legalized in late January 2021 the casinos have made over $280 million in adjusted gross revenue and paid out over $53 million in taxes.
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