Michigan iGaming domains post very encouraging November figures

Home » Michigan iGaming domains post very encouraging November figures

Commercial and aboriginal online casino and sportsbetting sites in the American state of Michigan reportedly chalked up some $161.7 million in aggregated gross gaming revenues last month to take their year-to-date tally up to approximately $993.5 million.

According to a Thursday report from the news domain at PlayMichigan.com citing official information from the Michigan Gaming Control Board regulator, November’s figure for ‘The Wolverine State’ represented an increase of 20.7% month-on-month as sportsbetting revenues hit an all-time high of $54.1 million. The source detailed that this latter figure was 67.7% beyond the previous record of $32.3 million set for March with associated combined handle having climbed by 2.3% on October to hit a new top of $473.8 million.

Public perks:

Michigan is reportedly home to a collection of 14 licensed commercial and aboriginal iGaming domains with these sites having contributed just over $21.4 million in taxes and associated duties last month. This reckoning purportedly encompassed in the region of $19.8 million from online casino games with sportsbetting having been responsible for a further $1.6 million.

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Online optimism:

Regarding Michigan’s aggregated online casino gross gaming revenues for November and the source explained that the finishing $107.6 million figure was down by 1.9% on October’s record-setting $109.7 million although the daily haul out-paced the previous month by slightly more than 1.4% at about $3.59 million. This performance has nevertheless purportedly placed Michigan among the top-tier of those American states with legalized iGaming as its performance was well above the almost $102.9 million chalked up by industry mainstay Pennsylvania in October.

Pronounced leaders:

In terms of particular online casinos in Michigan and the source noted that the pair of locally-licensed BetMGM-branded services from MGM Resorts International racked up an impressive 37% market share last month with aggregated iGaming revenues of beyond $40.1 million. This was purportedly followed by the DraftKings-branded domain from the Bay Mills Indian Community at $16.8 million with the FanDuel-partnered enterprise from Ilitch Holdings Incorporated finishing third courtesy of a $16.7 million tally.

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Considerable competition:

PlayMichigan.com went further in disclosing that the BetRivers-branded domain operated by the Little River Band of Ottawa Indians in partnership with Rush Street Gaming brought in aggregated online casino revenues of slightly beyond $7 million last month while the Keweenaw Bay Indian Community’s Golden Nugget-stamped service tallied a little over $5.8 million. The top-ten was then purportedly rounded out by the locally-licensed version of the Barstool Sports brand with a healthy $4.6 million, the WynnBet enterprise showing an encouraging $4.1 million, the FoxBet operation at well beyond $2.5 million and the Caesars Casino and Four Winds Casino undertakings each tallying more than $2.3 million.

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