Gross online sports betting receipts in Michigan increased 50.8% year-on-year in February despite a reduction in player spending, while the state also reported growth within its igaming market.
Combined gross online casino and sports betting receipts in February totalled $268.5 million (£206.4 million/€246.0 million). This is 22.9% more than last year but 18.9% behind January in Michigan.
Figures published on 18 March by the Michigan Gaming Control Board also include adjusted totals for February. Total adjusted gross receipts – after promotional spending – across sports betting and igaming was $236.3 million, up 29.8% year-on-year but 17.9% less than January.
Mixed news for sports betting
Breaking down the data, sports betting gross receipts totalled $46 million, up from $30.5 million last year. Adjusted gross sports betting receipts were 110.9% more than the previous year at $27.2 million.
As for how much players spent, handle for the month was $379.8 million, some 31.6% less than February 2024.
In terms of hold, based on gross receipts the monthly figure was 12.11%. However, with adjusted gross sports betting receipts, hold stood at 7.16%.
Looking to operators, FanDuel and MotorCity Casino are still the ones to beat. Posting gross receipts of $23.7 million off a $142.9 million handle meant a monthly hold of 16.59%.
DraftKings and the Bay Mills Indian Community were again second with $12.9 million from $106.6 million, leaving a 12.1% hold. BetMGM and MGM Grand Detroit took third with $4.9 million off $54.7 million for an 8.96% hold.
Year-on-year igaming growth in Michigan
Igaming was responsible for $222.5 million of all gross receipts, up 18.4% year-on-year. Adjusted gross receipts for the month also increased by 23.6% from February last year.
FanDuel and MotorCity Casino reclaimed top spot in the market in February. Gross receipts from igaming topped $61.7 million, with adjusted gross receipts at $58 million.
BetMGM and MGM Grand Detroit, which led in January, slipped to second. Gross receipts were $60.3 million and adjusted gross receipts $56.7 million. DraftKings and the Bay Mills Indian Community completed the top three, posting gross igaming receipts of $27.8 million and $26.1 million in adjusted receipts.
Operators paid $43.8 million in total tax to the state in February, including $42.3 million for igaming and $1.5 million in sports betting taxes and fees. Detroit casinos paid a total of $12.1 million and tribal operators made $4.7 million in payments to governing bodies.
Declines for Detroit’s land-based casinos
Meanwhile, the Michigan regulator has also released data for the three commercial casinos in Detroit. Combined slots, table games and retail sports betting revenue for February was $98.8 million, down 5.5% from last year and 5.7% lower than January.
Table games and slots generated $106.4 million in revenue, 6.4% less than the previous year. However, sports betting revenue improved from a loss in 2024 to a positive of $820,450. With players spending $8.2 million, this meant a monthly hold of 10.01%.
MGM had the largest overall market share with 47%, ahead of MotorCity at 29% and then Hollywood Casino at Greektown with 24%.
Tax-wise, the casinos paid $7.9 million in state gaming taxes and $11.7 million to the city of Detroit for casino activity. A further $30,828 in tax related to sports betting was sent to the state and $37,679 to Detroit.
