The online casino Michigan revenue numbers released on Monday painted a picture of an up-and-down month for February.
The adjusted gross receipts for iGaming during the shortest month of the year totaled $133,278,536. That was down 3.6% from January’s figure of $138,324,954, which set a state record.
In fact, February ended a four-month streak of the Great Lakes State resetting its record for monthly iGaming revenue – but then, February has 28 days compared to 31 in January. The daily average of $4.76 million in February was actually higher than in January ($4.46 million per day).
The total state gaming tax for February rose 5.6% to $26,259,308 compared to $24,858,288 in the January Michigan casino revenue report.
Breakdown of Michigan Online Casinos
The MGM Grand Detroit, part of the corporation that runs the BetMGM Online Casino app, led the commercial casinos in February with $43.6 million in adjusted gross receipts for February. That was an 8.3% decline from the $47.55 million recorded in January.
The MotorCity Casino followed with $26.5 million in AGR (down from $26 million in the previous month) and Greektown Casino had about $3 million (down from $3.7 million).
Among the tribal casinos with Michigan mobile gaming apps, the Bay Mills Indian Community’s Bay Mills Resort & Casino in Brimley led the way with $24.1 million in February revenue and bucked the trend by increasing its figure in a month-over-month comparison.
Last month’s amount was a 2.4% increase over January’s $23.6 million for the casino, tucked into the northeast corner of the Upper Peninsula.
The Hannahville Indian Community in Harris, which runs the Island Resort and Casino, celebrated its return to iGaming with $528,720 in AGR last month. Island Gaming Resort had been unable to offer its online casino since September 2022, when partner TwinSpires shut down its operation.
But as of Feb. 7, the Upper Peninsula casino is back with the Sports Illustrated brand, thanks to a partnership with the SI Michigan Sportsbook and online casino.
Retail Numbers Up Slightly in Detroit
As for the three commercial casinos in Detroit, the news was also mixed, according to the Michigan Gaming Control Board.
The combined adjusted gross receipts last month at the casinos – Greektown, MotorCity and MGM Grand – added up to $105,006,435, up 1.6% from January ($103,358,406). The state wagering tax rose by the same percentage, from $8.37 million the previous month to $8.5 million.
However, the Detroit city wagering tax fell 23.3%, from $16.3 million in January to $12.5 million in February.
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Michigan Sports Betting Falls Significantly
February is usually a comedown after a strong January for sportsbook operators nationwide, and Michigan was no exception.
The Michigan sports betting handle, or amount wagered, was about $357.16 million in February, down 27.2% from January ($490.9 million). Revenue fell by almost exactly half, from almost $18 million the previous month to $8.9 million for February.
That’s no surprise in a month when the Super Bowl is the only football game going. True, the Super Bowl is a monumental betting event, but that alone cannot make up for the sheer number of games on offer for America’s favorite sport (and favorite sport to wager on) toward the tail end of the calendar year and into January.
March should see a rebound at brick-and-mortar casinos as well as online MI sportsbook apps thanks to the NCAA Basketball Tournament going on now.
