Michigan breaks monthly igaming revenue record to end 2024
Michigan online casinos collected over US$244 million in gross receipts in December 2024, collecting US$219.6 million in igaming adjusted gross receipts.
Both figures are record highs since Michigan launched online casino gaming in January 2021.
The previous gross receipts record was the US$226 million collected in November 2024. The adjusted gross receipts record was also set in November, with December’s adjusted gross receipts marking an 8% increase. Adjusted gross receipts also grew by 34.5% year-on-year in December.
The revenue increase was powered by BetMGM and FanDuel, which became the first Michigan online casino platforms to hit monthly gross receipts above US$60 million. The record-breaking month produced $45.9 million in taxes from igaming.
In terms of adjusted gross receipts, Michigan was only behind New Jersey in the U.S. in December.
The December numbers completed 2024 for Michigan casinos, which ended the year with US$2.4 billion in gross receipts from igaming. That’s an increase of 23.8% from 2023.
Meanwhile, adjusted gross receipts from online casinos hit US$2.2 billion, which was up 22.3% from 2023. iGaming taxes hit US$451.4 million in 2024.
