Michigan February Online Casino Revenue Leaps 22.7% Year-Over-Year, To $273M

The Michigan Gaming Control Board reported on Tuesday $273.1 million in gross online casino revenue for February, its fourth all-time top-five total in the last five months.

Gross operator winnings were up 22.7% from February 2025, and it was the third consecutive month the increase was $50 million or more in terms of amount. Combined year-over-year revenue has increased by $50 million or more 10 times in the last 11 months, with November — when DraftKings had a U.S.-record $22.4 million jackpot payout — the lone exception.

The state was able to levy taxes on $262.1 million in adjusted gross revenue, up 25.3% from last year, and re-directed $53.9 million to its coffers. Operators can only deduct up to 4% of promotional spend against gross revenue this year, down from 6% in 2025.

The city of Detroit collected $12.8 million in tax revenue, and tribal disbursements to local jurisdictions totaled nearly $7 million.

DraftKings keeps paying out

While nowhere near November’s payout or even the $9.3 million jackpot won in the Wolverine State the previous February, DraftKings did have another seven-figure winner during the month.

The digital juggernaut maintained its customary No. 3 spot in operator revenue in Michigan behind FanDuel ($69.3 million) and BetMGM ($63.1 million), but the payout put a slight crimp in year-over-year statewide growth. The $33.7 million in gross win for DK was up 21.2% from February 2025.

As for the Motown tandem, FanDuel had a four-month run of $70 million or better in revenue come to an end by falling $702,000 short. Its haul was up 12.3% compared to last year, but March will start a period of higher standards to maintain double-digit growth as FanDuel’s lowest rolling 12-month total is $62.3 million.

BetMGM, meanwhile, saw revenue increase only 4.6% from a year ago. It still became the first platform to surpass $3 billion in all-time gross revenue in Michigan, with more than half that total coming in the last 26 months.

Hollywood Greektown, which operates Penn Entertainment’s platform, had a 22.9% year-over-year bump in winnings to $6.5 million, but that also ended a streak of nine consecutive months with at least $7.1 million in casino win.

Only one record set

February is not usually a time for operators to set revenue records given the month has 28 or 29 days. That memo did not reach Bally Bet, whose $3.4 million bettered its previous high of $3.2 million set in October and was up 84.1% from last February.

BetRivers ($20.6 million) and Hard Rock ($20.2 million) gave Michigan five platforms that grossed at least $20 million for the month. The duo look to be a cut above Fanatics and Caesars Palace in the early going of 2026. BetRivers has topped $20 million for six consecutive months and Hard Rock finished its first three months of business in the state with $79 million.

Fanatics made a strong push at setting a record for the second straight month, coming $422,600 short while clearing $17 million for the third time overall. Caesars, meanwhile, had a 6.6% downturn in revenue to $15.7 million.

Motown takes monthly honors

Hard Rock’s introduction has made the monthly revenue clashes between Detroit’s three platforms and the 12 tribal ones more hotly contested. Motown claimed its first win of 2026 with $138.9 million in gross revenue, $4.7 million more than its tribal counterparts.

The three metropolis-tethered platforms posted a combined revenue increase of 11.4% from February 2025, while tribal revenue surged 41% to $134.2 million. Hard Rock accounted for 51.8% of that $39 million increase from 12 months prior.