The Michigan Gaming Control Board recently announced the June iGaming report and it was another impressive month for the state.
Michigan is one of only a few states with all three of the major forms of iGaming available.
Michigan online casino gambling, online sports betting, and online poker all at the same time in January and the results have been tremendous. Online casino gambling continues to bring in the most overall handle and revenue.
The total iGaming win in Michigan last month was $114.2 million, and $89.2 million of that came from online casino gambling. These numbers were similar to what was reported in May, but it was a shorter month by a day.
Michigan was able to receive $14.6 million in taxes from iGaming, and nearly all of that came from online casino gambling. Even as commercial and tribal casinos have reopened in the state, bettors still prefer to gamble online.
There are just three commercial casinos in the state of Michigan, but more than 10 tribal casinos have already been approved for iGaming options. Most of the handle and revenue has come from commercial casino online operators, but the Tribes have contributed as well.
Michigan initially moved to launch a full platform of iGaming as a way to increase revenue in the state. Since iGaming launched in January the state has brought in close to $90 million in tax revenue, and there is hope that over $200 million will be brought in over the first 12 months.
BetMGM casino continues to be the biggest online casino operator in the state, posting a gross gaming revenue of nearly $34 million in June. BetMGM is the online arm of the MGM Grand Detroit Casino.
The three commercial casinos in Detroit won more than $108 million in June on the retail side of things. These numbers have continued to climb as COVID-19 restrictions have been removed.
Other notable online casinos gaining attractions are the DraftKings casino and FanDuel casino. Slots are very much still the hot games to play, with both operators pulling in large fans with a great selection of games and FanDuel slots.
Sports Betting Becoming a Leader
Sports betting has been legal in the state of Michigan since March 2020, but the state got off to a very slow start in the industry. All of the betting was limited to in-person until January when all of the iGaming options were launched.
Indiana and Iowa were two sports betting leaders in the Midwest beginning in 2019, but Michigan and Illinois have now taken control. Michigan is not going to catch Illinois but this is a market that continues to grow, especially online.
The June sports betting handle in Michigan was $235.1 million and the revenue was right around the $25 million mark. This was a slight drop for May, but still, a solid number based on the size of the market.
Both of these numbers are trending in the wrong direction but this is a slow time for the entire US sports betting industry. There are still online sports betting licenses available in the state of Michigan and the numbers could get even bigger near the end of the year.