Michigan Online Casinos Set Monthly Revenue Record in March

Michigan saw an increase in both iGaming receipts and retail casino receipts in March 2023 from the previous month, as well as a state record for iGaming revenue.

For iGaming – the alternate name for online casino Michigan sites – the adjusted gross receipts for March were $154.65 million, up 16% from February ($133.28 million). That was a state record, breaking the mark of $138.3 million set in January.

The March total state tax for iGaming also got a boost. For March, the state received $31.26 million, up about 19% from February ($26.26 million).

For the first quarter of the calendar year (January through march), the AGR from Michigan online casino apps totaled $426.3 million. Another $57.7 million in AGR came from online sports wagering.

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Retail Casino Numbers Also Rise

The retail casino numbers for March at the three commercial casinos in Detroit saw adjusted gross receipts of $117.8 million, an increase of 12.2% from $105 million in the February Michigan casino revenue report.

The leader among Detroit’s casinos was MGM Grand Detroit with $54.5 million in adjusted gross receipts (AGR); MotorCity Casino was second with about $35.8 million in AGR, and Greektown was third with $27.6 million in AGR.

The March state wagering tax was $9.54 million, according to the Michigan Gaming Control Board, a jump of 12.2% from February ($8.51 million).

Meanwhile, the March city wagering tax was a little more than $14 million, down about 14.5% from February ($16.4 million).

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Michigan Sports Betting Spikes in March

As for Michigan sports betting in March, those numbers for handle and revenue also rose from the previous month.

The total AGR for sports wagering in March was $32.86 million statewide, with $31.45 million of that coming online. That was a whopping 268.7% increase compared to February ($8.91 million). The taxes from sports betting also more than tripled, from just over $600,000 in February to $1.97 million last month.

The March total sports betting handle was $421.67 million, an 18.1% increase from February ($357.16 million). Of that total, $407.7 million, or about 96.7%, came from online Michigan sportsbook apps.