This total represents a 15.8% increase over March’s figure and marks a 26% jump compared with May 2024. The Michigan Gaming Control Board reports that adjusted gross receipts, which subtract promotional spending, also hit an all-time high of $271.8 million.
That adjusted total is 31.4% above last May and 4.6% higher than in April, underscoring strong momentum across the state’s digital gaming markets.
Growth Across iGaming and Sports Betting
Online slots and table games led the way, drawing $251.5 million in gross receipts for the month. That iGaming total climbed 26.6% year-over-year, while adjusted receipts for this segment surged 31.9% to $236.2 million.
The top performers in iGaming included BetMGM MI, which generated $63.3 million in adjusted receipts, followed by FanDuel MI at $61.9 million and DraftKings MI at $34.1 million. Together, these operators illustrate the growing appeal of digital casino play among Michigan residents.
Mobile sports betting also posted solid gains in May. Gross sports betting revenue reached $50 million, up 19.3% from the prior year, while adjusted receipts rose to $35.6 million.
Bettors wagered a total of $386.1 million, a 12.3% increase in handle, and the statewide hold rate for the month stood at 12.95%. FanDuel led sports betting with $22.6 million in gross receipts on a $139.5 million handle, followed by DraftKings at $12.5 million from $108.2 million wagered.
Tax Contributions and Outlook
The surge in online gambling revenue delivered significant tax benefits. Commercial iGaming operators paid $49.1 million in state taxes, with an additional $12.7 million directed to Detroit and $5.8 million to tribal governing bodies.
Michigan sports betting tax payments contributed $2 million to the state treasury, plus roughly $651,000 for the city of Detroit. These funds support public services, infrastructure, and community programs across Michigan.
Looking ahead, industry analysts expect the upward trend to continue through the summer months. Seasonal events, such as major sporting tournaments and new game releases, could drive further increases in both handle and revenue.
Comparisons with earlier months, like April’s $248 million, suggest that May’s performance isn’t an anomaly but part of a steady climb. As operators refine promotions and technology improves, Michigan’s online gambling market is poised for another year of growth into 2025.
