The state of Michigan showed strong digital gaming revenue growth year-over-year despite a dip from January’s figures.
Michigan Gaming Control Board data shows $268.5 million in gross digital receipts for February 2025, down 18.9% from January’s $331.2 million. Despite the monthly decline, there was strong comparative yearly growth, up 22.9% from February 2024.
Sports betting results were consistent with headline figures, increasing year-over-year but decreasing from January’s impressive month.
Gross receipts increased 50.8% from February 2024, reaching $46.0 million from $30.5 million. Adjusted receipts reached $27.2 million, showing over 100% growth from last year’s February.
FanDuel Dominates the Sports Betting Landscape
Total online sports betting handle in Michigan was $379.8 million, which was a decrease of 5.7% year-over-year and 31.6% month-over-month.
FanDuel achieved the largest handle with $142.9 million when broken down by operator. Its gross receipts were $23.7 million, giving it a 16.6% hold percentage. In second place, DraftKings, partnered with Bay Mills, generated $12.9 million from a handle of $106.6 million, giving the gambling giant a 12.1% hold percentage. Also on the podium was BetMGM, which had a lower hold of 8.96%, achieving $4.9 million revenue from a handle of $54.7 million.
Statewide growth was primarily driven by the iGaming vertical. The digital growth in Michigan reinforces analyst opinion that the United States of America has undergone significant shifts in consumer behavior.
Michigan remains one of the few states with regulated internet gaming. Elsewhere, crypto casinos have capitalized on the desire to play online games and continue to attract customers.
Online Casino Drives Michigan Growth
iGaming accounted for $222.5 million in gross gaming receipts for February. This represented an 18.4% increase year-over-year. Adjusted gross revenue, after deductions, was $209.1 million, still rising 23.6% from last year. AGR was down 10.3% from January’s record-breaking figure of $248.2 million.
FanDuel was the market leader in online casino, generating $58.0 million in adjusted gross revenue for the month. DraftKings was down in third, comfortably behind, generating just $26.1 million. BetMGM continued to have a strong online casino presence in second place, slotting in just behind FanDuel with $56.7 million in revenue.
In February, online gaming operators paid a total of $43.8 million in state taxes and fees, of which $42.3 million came from online casinos.
Detroit’s three casinos paid the city $12.1 million, of which $11.5 million came from casinos and $640,249 from sports betting.
Tribal operators remitted $4.7 million to tribal governing bodies, down $0.3 million in contributions from January.
From a brick-and-mortar perspective, the news was less optimistic. Detroit’s commercial properties posted $98.8 million in total revenue, down 5.5% year-over-year and 5.7% from January.
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