Michigan’s online gaming sales hit record in November

Michigan had a great month when it came to online casino gaming. According to the state’s Gaming Control Board, gross receipts in November were $175.3 million, a record-breaking amount.

Something else can be added to this amount Earned $37 million from online sports betting apps because they weren’t included in the first place.

New record broken:

The previous record was set in March and it was $171.8 million.

The main reason for the new record was FanDuelwhat deserved 18.9% more than the previous record of 37 million set in October. Furthermore, the MotorCity Casino iGaming Licensee was the second digital casino app to make money more than $40 million in a month. The first to break this record was the renowned BetMGM.

Compared to the same month last year, gross sales were 20.5% higher. In November 2022, the state earned $145.4 million in online gaming revenue, and the results were also record-breaking.

Michigan’s monthly record has been set three times this year. The first record was set in January when revenue reached $153.7 millionand the second was in March.

The state generated tax revenue of $157.8 million in adjusted gross sales, which resulted in an inflow of $32.9 million. The online casino revenue brought something less than $320 million in taxes, that is $30.6 million more than at the end of 2022.

The city of Detroit earned $8.2 millionwhich increased annual sales to up to $81 million, and the tribes received $4.1 millionwhile local jurisdictions earned $38.9 million until now.

Company successes:

This fall was particularly successful for FanDuel, which managed to break its own record three times in a row and surpassed a milestone of 40 million dollars per month.

MGM Grand was the most successful in the country when it came to mobile platforms. The company deserves it Gross sales of $46.7 million. However, FanDuel poses a real threat to the company because the gap between the two industry giants has never been smaller – MGM Grand generated just $2.8 million more than FanDuel.

The company is still a leader, but its sales decreased by 12.9% compared to November last year.

Other platforms were also successful: PENN Entertainment earned $4.1 million in profits and in gross commercial revenues a record $94.8 million. Three Detroit-based platforms generated $940.1 million in gross revenue, which is more than all of 2022 sales $899.7 million.

According to MiBets, DraftKings was also successful – the company earned money in November $34.7 millionthe A Increase of 49.2% compared to the results from 2022.

The tribal game in the state also achieved great success. The total turnover was record-breaking and was surpassed by BetRivers 10 million dollars for the first time. Caesars deserved $9.1 million.

Soaring Eagle also achieved the record $33,123 above his previous one 3 million dollars and Bally is surpassed $1.9 million.

Tribal internet casinos have $80.5 millionand the annual turnover so far has been $802.3 millionearned by 11 operators.

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