Record Jackpot Leads To 10% Drop In Michigan Online Casino Revenue for November

November was a down month for Michigan online casinos, largely due to the biggest jackpot in US iGaming history being handed out in the state during the month.

According to the Michigan Gaming Control Board, the state’s online casino operators reported $248.4 million in revenue last month. That was down significantly from the $278.5 million they did in October, a new record by over $15 million.

Despite the 10.8% month-to-month dip, Michigan still saw year-over-year revenue growth of 9.9% compared to the $226.0 million it did in November 2024.

November’s total was the lowest monthly revenue since June’s $240.6 million, and the fifth-lowest month of the year.

Breaking Down Michigan Online Casino Revenue in November

This month’s revenue saw four different operators see a decline in revenue compared to a year prior.

Here’s a look at the at how each online casino performed in November, with numbers coming from the MGCB.

DraftKings Record Jackpot Causes Revenue Dip

The reason for the $30 million month-to-month revenue decline can largely be attributed to DraftKings Casino.

Late in November, an anonymous player in Michigan claimed a $22.4 million jackpot on a $0.20 wager on Huff N’ Even More Puff on DraftKings Casino.

The new US online casino jackpot record blew past the previous US record, which was also set in Michigan on DraftKings back in February of this year. That jackpot was worth $9.28 million.

Just with that record jackpot Michigan could have been looking at closer to $270 million in revenue.

DraftKings actually finished fourth in the state revenue race for the month because of the loss. It only managed just under $20 million in November, a 51.9% drop compared to the $41.6 million it did in November 2024.

DraftKings finished behind BetRivers Casino for the first time since iGaming launched in Michigan. The $20 million was the lowest month DraftKings has had since August 2022.

$3 Billion in Yearly Revenue to be Easily Reached

Even with November’s lackluster showing, Michigan is going to surpass $3 billion in yearly revenue for 2025.

Through 11 months, Michigan sits at $2.77 billion and will need only $228.8 million to hit the mark in December. The state hasn’t been that low since November of last year.

Other notes from November’s revenue report include:

• BetRivers Casino claimed the third spot in the monthly revenue race for the first time in Michigan history. It did $22.7 million in revenue, a record total for the operator.
• Fanatics Casino continues to see great success in Michigan. Starting in February 2024 after taking over for PointsBet, Fanatics posted $3.1 million in revenue in its first full month of operation in March 2024. It has continued to grow and grow, surpassing $10 million for the first time in May of this year. Since then, it has posted a new record total in seven consecutive months.
• Michigan online casinos reported $48.5 million in state tax revenue in November, with an additional $18.5 million going to local entities around the state.
• December will be the first month since June that Michigan will have 15 online casinos reporting revenue. Hard Rock Bet Casino launched on Dec. 2, replacing SI Casino, which closed its operations over the summer. The newest online casino will have its first month of revenue to report in December, aided by its Hard Rock Bet Casino bonus code offer.