The Michigan Gaming Control Board reported $202.6 million in gross internet casino revenue for September, the second time in state history operators cleared $200 million.
The figure ranks behind only the $215.2 million reported in March and is a 21.7% year-over-year increase from last September's $166.4 million in winnings. Wolverine State platforms had been flirting with a return over $200 million, topping $195 million in both May and August.
The state was eligible to tax $182.3 million in adjusted gross revenue after operators took their maximum allotted 10% deductions for promotional play. That led to an inflow of $38.1 million into its coffers and sent the year-to-date total to $321.6 million.
Separately, the city of Detroit received $9.3 million worth of receipts, while $4.8 million — an all-time monthly high — was disbursed to communities with tribal operators. Internet casino taxes have generated more than $300 million for Detroit since launch in January 2021, while tribal disbursements have reached $115.2 million.
BetMGM Continues to Re-Solidify Status as Top Operator
BetMGM led all operators for the fifth consecutive month with $53.4 million, an increase of 9.7% compared to last year. While that is still well off its year-best of $54.7 million in March, BetMGM has continually widened the gap between itself and FanDuel each month since reclaiming the top spot in May.
The gap between the pair was more than $4.5 million in September, though FanDuel again had bigger year-over-year growth. Its $48.8 million represented a 38.9% increase from last year and was its third-highest total in state history. FanDuel's $440.6 million in total gross revenue for 2024 has exceeded its full-year 2023 total of $405.3 million.
BetMGM did reach a significant overall milestone in becoming the first iGaming casino platform to surpass $2 billion in gross revenue. Its $459.1 million in year-to-date winnings is up 2.7% from the first nine months of 2023.
DraftKings remains entrenched in third after reporting $38.2 million in winnings. That was up 2.9% year-over-year, and the online titan cleared $1 billion in all-time AGR with its $34.4 million in taxable revenue for September.
DraftKings has cleared $30 million in revenue for 13 consecutive months, highlighted by an all-time best of $40.4 million in March. Its $331.5 million in revenue this year is up 27% versus the first nine months of 2023.
Scoping the Rest of the State
Three operators posted all-time monthly highs in September. Caesars again flirted with $13 million, falling $23,500 short, but it was also enough to pip BetRivers for fourth among operators and move above $100 million in revenue for the year.
BetRivers could not make it back-to-back months over $13 million, slipping to $12.3 million for September and ending a run of four consecutive record monthly totals. It did, however, have enough to top $100 million in winnings for 2024 and $400 million all-time.
Golden Nugget cracked the $9 million barrier for the first time, reaching $9.3 million to top its previous standard of $8.8 million set in June. It was a 44.4% increase compared to last September for Golden Nugget, which has averaged $8.2 million in its last six months since transitioning to its new platform.
Fanatics Casino continued its impressive first year in Michigan succeeding PointsBet with a record haul of $5.7 million. Fanatics, which launched in the Wolverine State in late February, surpassed $4 million for the first time in July and has surpassed $3 million in all seven months it has been active — a benchmark PointsBet never achieved. The $27.4 million in revenue generated by Fanatics since March 1 is 43.6% higher than PointsBet's $19.1 million accumulated for all of 2023.
The $106.6 million in revenue from Detroit's three internet casino platforms was up 23.3% from last year, but the $10.6 million spread between the trio and their tribal counterparts was a low for 2024. Operators tethered to tribal casinos reported $96 million in September revenue, a year-over-year increase of 20%. The gap between the two groups last year was $6.4 million, second-lowest in state history.
