Michigan sets iGaming, sports betting records in November

Michigan's iGaming and sports betting industry reached new heights in November 2024, reporting record-breaking revenues and online sports wagering activity. Gross receipts for the month totaled $284.3 million, up 12.1% from October and a remarkable 35.9% increase compared to the same period last year, according to data from the Michigan Gaming Control Board (MGCB).  
 
iGaming receipts surged to an all-time high of $226.0 million, surpassing October’s previous record of $220.7 million and marking a 28.9% year-over-year increase. Meanwhile, gross sports betting receipts jumped to $58.3 million, reflecting a 72% rise from November 2023 and a 76.7% month-over-month increase.  

Adjusted gross receipts (AGR) for November reached $240.4 million, with iGaming contributing $203.3 million, up 28.8% from last year, and sports betting contributing $37.1 million, a staggering 264.8% month-over-month growth.  
  
Online sports betting handle also broke records, reaching $650.2 million in November. This figure surpasses the previous high of $613.4 million set in December 2023 by 6%.  
 
BetMGM and MGM Grand Detroit emerged as leaders in the iGaming market, reporting $59.7 million in gross receipts and $53.7 million in AGR. FanDuel and MotorCity Casino followed with $57.0 million in gross receipts and $51.3 million in AGR, while DraftKings and Bay Mills Indian Community rounded out the top three with $41.6 million in gross receipts and $37.4 million in AGR.  

In sports betting, FanDuel and MotorCity Casino maintained their lead, generating $22.1 million in gross receipts on a $245.6 million handle with a 9.0% hold. DraftKings and Bay Mills Indian Community ranked second with $18.4 million on a $182.8 million handle, while BetMGM and MGM Grand Detroit took third place, posting $9.7 million in gross receipts on a $93.8 million handle.  
 
Operators contributed $44.4 million in taxes and payments to the state in November, comprising $42.5 million from iGaming and $1.9 million from sports betting. Detroit casinos paid an additional $11.2 million in city taxes and fees, including $10.6 million from iGaming and $564,069 from sports betting. Tribal operators paid $5.2 million to governing bodies.  

Detroit's three commercial casinos reported $108.4 million in total revenue for November, a 37% year-over-year increase and 5.3% rise from October. Table games and slots accounted for $106.4 million, while retail sports betting contributed $1.91 million from $21.0 million wagered.  

MGM Grand Detroit led the market with a 46% share, followed by MotorCity Casino with 31%, and Hollywood Casino at Greektown with 23%.  
 
As of November 2024, Michigan has 15 authorized iGaming and sports betting operators, with 12 offering internet sports betting and all 15 participating in iGaming.