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Michigan Online Casinos Earn $215 Million In March, Break All-Time Record

Life is good for Michigan’s online casinos.
In March, the state’s 15 licensed casino operators generated $215.2 million in gross revenue, marking the first time in state history that online casino revenue eclipsed $200 million.
Michigan’s Motor City, MGM Grand top $50M in monthly gaming revenue
The state’s top online casino license holders combined for more than $140 million in gross revenue this past month:

Motor City Casino: $57.6 million
MGM Grand Detroit: $54.7 million
Bay Mills Indian Community: $40.4 million

Revenue was up 14.5% compared to Michigan’s February 2024 gaming revenue and, year on year, revenue jumped 21% from March 2023’s $171.8 million.

Casino Gross Revenue, March 2024 Gross Revenue, 2024

Motor City Casino $57,585,012.01 $148,943,152.95

MGM Grand Detroit $54,678,061.36 $153,265,793.25

Bay Mills Indian Community $40,424,938.18 $113,588,485.60

Little River Band of Ottawa Indians $12,792,439.16 $36,397,139.61

Grand Traverse Band of Ottawa and Chippewa Indians $11,280,475.43 $32,242,170.60

Keweenaw Bay Indian Community $7,736,540.09 $19,144,245.41

Greektown Casino $4,722,945.38 $15,209,971.69

Pokagon Band of Potawatomi Indians $4,291,368.14 $11,392,240.66

Soaring Eagle Gaming $4,195,055.96 $10,200,628.46

Sault Ste. Marie Tribe of Chippewa Indians $3,207,814.44 $9,556,540.08

Gun Lake Band of Pottawatomi Indians $3,197,827.81 $8,120,945.15

Lac Vieux Desert Band of Lake Superior Chippewa Indians $3,108,301.01 $6,803,136.76

Little Traverse Bay Band of Odawa Indians $3,094,732.95 $8,959,244.91

FireKeepers Casino $2,495,674.67 $6,356,857.56

Hannahville Indian Community $1,817,823.73 $4,887,300.50

Total $215,153,827.03 $585,067,853.19

March online casino revenue keeps $180M monthly streak alive
Michigan online casinos are in the middle of an incredible revenue streak. In December, the state saw revenue top $180 million for the first time since online casinos launched in 2021.
Since then, gross revenue has stayed above $180 million for four straight months .

Month Gross Gaming Revenue Month-on-Month Growth

March 2024 $215.2 million 14.47%

February 2024 $188 million 3.35%

January 2024 $181.9 million 0.28%

December 2023 $181.4 million 3.48%

November 2023 $175.3 million 9.36%

October 2023 $160.3 million -3.67%

September 2023 $166.4 million 9.33%

August 2023 $152.2 million -0.91%

July 2023 $153.6 million 1.72%

June 2023 $151.0 million 0.27%

May 2023 $150.6 million -5.52%

April 2023 $159.4 million -7.22%

March 2023 $171.8 million 15.92%

Total $2.03 billion N/A

What’s ahead for Michigan online casinos?
As phenomenal as the past four months have been for Michigan iGaming, history says there’s a good chance revenue will plummet over the next few months. In 2023, gross revenue tumbled around 7.2% from March to April, then another 5.5% from April to May.
That being said, there’s a chance that revenue could stay above $180 million despite the spring stumble that’s likely to come. Revenue dropped around 12% from March 2023 to May 2023. If that trend holds up this year, May’s totals should land between $185 million and $190 million.
Also working to boost gaming revenue is that Michigan online casino operators continue to ink deals that improve their library of online slots. BetRivers announced a new deal with 1×2 Network to boost its online slots.
Last week, BetMGM brought on new games by GameCode and introduced a new online slot title, Excalibur in Michigan .
The post Michigan Online Casinos Earn $215 Million In March, Break All-Time Record appeared first on Play USA . always shares this Contents with License.

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