Michigan Online Casino Revenue Plateau Extends Into September
The numbers are barely budging from month to month, with gross receipts narrowly clearing $300 million yet again
Death, taxes, and Michigan iGaming gross receipts just a hair above $300 million. These are life’s inevitabilities.
The Michigan Gaming Control Board released September figures on Thursday, and the statewide gross receipts collected by the 15 online casino sites totaled $300.2 million — the sixth straight month that number landed between $300 million and $306 million. Barring some unexpected change to the landscape, it’s apparent that Michigan has reached relative maturity as an iGaming state, and this is the fixed gross amount “Michigamblers” will lose over the course of a month.
As for adjusted gross receipts (AGR) — a more meaningful bottom line number for operators, accounting for promotions and bonuses paid out — those added up to $288.2 million, a tiny dip of 0.9% compared to August, though an increase of about 2.4% per day, since August contains one more day than September does. Year-over-year, AGR was up a healthy 18.4% compared to September 2025.
Operators are taxed based on AGR, and collectively they paid $60.6 million in state taxes for September, the seventh month in a row that amount topped $60 million. Online sports betting, meanwhile, produced a relatively paltry $1.8 million in taxes and fees for the month.
Total gross receipts from all online gaming in September — casino and sports combined — came to $355.7 million, a 5.4% increase over the previous month.
Year-to-date, total gross receipts from iGaming have reached $2.71 billion, an increase of 20.4% over the first nine months of 2025.
The more things change …
The top of the leaderboard among Michigan online casino operators was unchanged from every other month in 2026, with FanDuel running first, BetMGM in second, and DraftKings placing third.
FanDuel scored $71.3 million in AGR in September, a 2.1% uptick over August. BetMGM went in the opposite direction, down 1.3% to $60.8 million. DraftKings was a distant third at just a shade under $43 million, a 1.1% increase over its haul the month before, meaning DK closed the gap ever so slightly on BetMGM.
The largest fluctuation of the month compared to August was seen in the Caesars numbers, as the operator posted September AGR of $14.9 million, a decrease of 10.7% from the prior month. That didn’t change Caesars’ ranking, though, as it remained in seventh place, behind BetRivers ($21.7 million), Fanatics ($19.2 million), and Hard Rock ($18.6 million). The latter two actually experienced a change in running order, as Hard Rock typically runs narrowly ahead of Fanatics.
None of the other eight iGaming operators topped $10 million in AGR — although Golden Nugget came close, finishing the month with $9.2 million.
Eric has been a professional editor and writer for more than 25 years, including nearly 20 years of experience covering the gambling industry. He was editor-in-chief of the poker magazine All In from 2005-2015 and manag…
