Michigan iCasino Revenue Reaches Record $263 Million In August

The Michigan Gaming Control Board reported a record $263.3 million in gross online casino revenue for August on Wednesday as FanDuel Casino became the first platform in the state to surpass $70 million in monthly winnings.

It was the third time this year the figure hit a record high, with January setting the bar at $248.2 million and March raising it to $260.5 million. Year-over-year gross winnings surged 33.9% as Michigan internet casino operators have now crossed $200 million for 12 months running.

The state was able to levy its progressive tax rates on $247.2 million in adjusted gross revenue to collect $51.6 million in receipts. The $381.5 million in tax revenue for the first eight months of 2025 is running $98.1 million ahead of last year's pace, boosted by 13 of the 14 operators being able to deduct only 6% of promotional spend versus 10% previously.

The city of Detroit collected $13.2 million in tax revenue for the month, and tribal disbursements for August totaled $6.2 million.

FanDuel's awesome August

It feels like a broken record when describing FanDuel's online casino revenue numbers for August because they have broken all-time monthly records in three of the four states they conduct gaming. Connecticut proved to be the laggard, but its $29.3 million haul there ranks second overall and was within $1 million of its top total.

Michigan, however, represents FanDuel's best-performing market, beating out its all-time highs set in Pennsylvania ($67.6 million) and New Jersey ($57.1 million). The $71.1 million claimed in the Wolverine State shattered its previous best of $68.1 million set in March and was up 47.1% year-over-year.

August's figure also pushed its year-to-date total to $522.7 million, an increase of 33.4% versus the first eight months of 2024.

BetMGM remains FanDuel's primary competition in Michigan, but the $4.5 million gap between the two also marks FanDuel's largest monthly "win" in this heavyweight battle. BetMGM had its third-best month at $66.6 million in gross revenue, good for a healthy 26% bounce from last year.

BetRivers, Fanatics catalysts in record haul

DraftKings sits alone on an island as the No. 3 operator in terms of revenue -- to wit, its $41 million total marked a 12% year-over-year increase. But it has been BetRivers, Fanatics, and (to a lesser extent) Caesars Palace that have created a hard-charging second tier of operators, helping fuel strong overall double-digit growth in Michigan this year.

BetRivers was agonizingly close to becoming the fourth operator in state history to post $20 million in monthly revenue, falling $55,000 short. That was still a 53.1% increase for the platform tethered to the Little River Band of Ottawa Indians, and its $140.1 million in year-to-date winnings is within striking distance of its $156.4 million total for all of 2024.

Fanatics Casino's revamped offerings that began in May have provided immediate returns. Like BetRivers, it set a record revenue high for the fourth straight month, landing at $13.2 million. Fanatics is on pace to more than double its 2024 earnings of $52.6 million, having accumulated $82.2 million in the first eight months of 2025.

Caesars Palace saw the gap between itself and Fanatics shrink in August compared to July as the $14.8 million claimed represented a 17.2% year-over-year increase.

Among smaller operators, Parx also set an all-time revenue high at nearly $4.2 million. Soaring Eagle had its second-best month at $4.1 million, topping $4 million for the third time since launch in May 2022.