Eight-Figure Jackpot Skews Michigan’s November iGaming Revenue

The Michigan Gaming Control Board (MGCB) reported $248.4 million in gross internet casino revenue for November on Tuesday as DraftKings’ monstrous jackpot payout lessened the customary year-over-year growth.

DraftKings became the first iGaming platform operator in U.S. history to make an eight-figure jackpot payout last month when a player won $22.4 million with a 20-cent play on the Huff N’ Even More Puff progressive slot. That was more than double the largest previous iCasino jackpot payout — which also came via DraftKings in Michigan in February at $9.28 million via 20-cent play on the Irish Pot Luck progressive slot.

Despite the massive payout, the 14 platforms still combined for a 9.9% increase in revenue compared to November 2024. FanDuel picked up the slack with its second-best month while both BetRivers and Fanatics Casino continued their impressive year-long run with record-setting monthly revenue totals.

The state was eligible to levy taxes on $233.3 million in adjusted gross revenue, re-directing $48.5 million to its coffers. The city of Detroit collected $13 million in receipts, while tribal disbursements totaled $5.5 million.

The hierarchy finally gets altered

DraftKings is a top-three platform for revenue in Michigan along with FanDuel and BetMGM since the state launched iGaming in January 2021. It is also the unquestioned top tribal-tethered operator since with $1.67 billion in gross revenue all-time operating through Bay Mills.

But the sub-$20 million gross revenue haul for November marked the first time DraftKings failed to reach that benchmark since totaling $19.4 million in August 2022. Year-over-year winnings plunged 51.9%, and its $416.5 million in year-to-date revenue entering the final month of 2025 was up only eight-tenths of a percentage point.

The jackpot impacted DraftKings’ bottom line enough to knock the internet casino colossus off the podium for the first time in state history as BetRivers claimed third. The Rush Street Interactive platform, which became the fourth operator in state history to reach $20 million in monthly revenue in September, furthered its all-time high for the seventh consecutive month to $22.7 million. BetRivers’ recent numbers in Michigan:

BetRivers surpassed $200 million in gross revenue for the year, and year-to-date winnings have surged 45% higher compared to the first 11 months of 2024.

Fanatics Casino continued to match BetRivers stride-for-stride in a sprint of record-setting revenue totals as it rounded out the top five at $17.2 million. It also has broken records for seven months running, with winnings skyrocketing 63.9% higher from May when it reached eight figures for the first time at $10.5 million. Fanatics also fended off Caesars Palace Online, which had a strong bounce-back in November with $16.8 million.

FanDuel continues to top the charts

FanDuel Casino continues to be the only iGaming platform to surpass $70 million in monthly winnings, accomplishing the feat for the third time in November with $71.8 million. Though well off its record October haul of close to $76 million, year-over-year revenue still climbed 25.9%. Absent a large jackpot payout of its own, FanDuel will likely end the year having generated more than $800 million in gross winnings with a 30% increase in year-over-year revenue.

The gap between FanDuel and BetMGM grew slightly in November as BetMGM’s $63 million in winnings was not a top-three all-time total for the fellow Detroit-based tether. BetMGM’s revenue was up 5.5% from November 2024, putting a slight drag on year-to-date growth to 24.3%.

BetMGM will be likely be able to close out 2025 with an exclusive milestone, however. It entered December $52.7 million shy of becoming the first platform in Michigan to reach $3 billion in gross revenue.