Michigan’s online casino market slipped 6% to $89.2 million in June, down from $94.9 million in May, marking the end of a three-month plateau in gross receipts, according to data from the state Gaming Control Board (MGCB).
The MGCB does not break poker out separately from its casino revenue data, so its contribution to the final total is not known. PokerStars MI and BetMGM Poker MI are the only two operators licensed to provide online poker in the state, although WSOP MI is expected to launch soon.
BetMGM remained tops among operators for revenue and market share, the latter of which was flat at 38%. But revenue fell for the third consecutive month to $33.8 million, down 6.5% from the $36.1 million the operator grossed in May and a peak of $36.8 million in April.
DraftKings and FanDuel traded second and third place in terms of market share and revenue. DraftKings’ revenue declined by 1.3% to $15.5 million in June, while FanDuel’s revenue dropped 9% to $14.8 million. DraftKings and FanDuel held 17.5% and 16.5% shares of the market in June, respectively. It was the only time since the market’s inception in January that DraftKings ended a month ahead of FanDuel, although the pair have performed about the same every month.
Golden Nugget Continues to Grow
Among operators in the middle of the pack, fifth-place Golden Nugget is the only one to be trending upward since the market’s inception in January. It had $4.3 million in online casino revenue and nearly 5% of the market in June, up from $3.8 million and 4% in May.
Rush Street grossed just under $6 million in online casino revenue and held about 6.5% of the market in June, down from $6.6 million and 7% in May. It held on to fourth place for the fourth consecutive month, but its revenue and market share both declined.
Wynn saw its revenue and market share both decline in June but it was able to keep pace enough to jump into sixth place. Wynn grossed $3.9 million in online casino revenue in June, down from $4.3 million in May. Its market share slipped to just below 4.5% in June, after having been just above that mark in May.
FoxBet/PokerStars and Penn Sports/Barstool had a rough June. Revenue for FoxBet/PokerStars declined for the third consecutive month and was $3.3 million in June, down from $3.8 million in May and a peak of just under $5.8 million in March. Its market share was about 3.5% in June, down from 4% in May.
At Penn Sports/Barstool, revenue declined for the fourth month in a row to $2.8 million, down from $3.4 million in May and a peak of $5.2 million in February. The operator’s market share fell to about 3% in June, down from 3.5% in May.
FireKeepers Joins the Fray
Most of the smallest online casino operators in Michigan saw their revenue and market share decline in June, but Pala Interactive and Parx Interactive posted gains and FireKeepers Casino was a new market entrant.
FireKeepers, owned and operated by the Nottawaseppi Huron Band of Potawatomi, reported just under $12k in online revenue in June, when online gaming was made available to a limited number of VIPs. A full launch was authorized by the MGCB on July 12.
Pala saw its revenue and market share increase to $2.1 million and 2.3% in June, up from $1.8 million and 1.9% in May. At Parx, revenue and market share went up to $585k and 0.7%, up from $506k and 0.5%. Parx launched in the Wolverine State in April.
TwinSpires, PointsBet and William Hill had revenue totals of $1.4 million, $515k and $173k in June, respectively, all of which were lower from May. PointsBet debuted in Michigan in May.
