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February Michigan Online Casino Revenue Up 22 Percent Compared To 2025
By Drew Ellis
Published:
February was another positive month when it comes to Michigan online casino revenue.
This week, the Michigan Gaming Control Board reported that iGaming in the state recorded $273.1 million in revenue last month.
Compared to a year ago, revenue increased by over $50 million. Last year, February iGaming revenue was at $222.5 million. This year marks a 22.7% increase.
Thus far in 2026, Michigan online casino revenue is 21.4% ahead of where it was in 2025.
MI Online Casino Operator Breakdown for January
Here’s a breakdown of how each online casino operator in Michigan performed in February compared to a year ago. Data comes from the MGCB.
| Online Operator | February 2026 Revenue | February 2025 Revenue | Percentage Change |
|---|---|---|---|
| FanDuel | $69,298,395 | $61,714,388 | 12.3% |
| BetMGM | $63,127,620 | $60,336,117 | 4.6% |
| DraftKings | $33,686,826 | $27,794,905 | 21.2% |
| BetRivers | $20,683,985 | $14,995,179 | 37.9% |
| Hard Rock Bet | $20,208,377 | $717,554 (SI) | 2,716.3% |
| Fanatics | $17,148,984 | $8,196,113 | 109.2% |
| Caesars Palace | $15,672,969 | $16,774,540 | -6.6% |
| Golden Nugget | $9,954,308 | $9,494,805 | 4.8% |
| Hollywood Casino | $6,461,191 | $5,255,470 | 22.9% |
| BetParx | $4,277,798 | $3,822,619 | 11.9% |
| Eagle Casino | $3,629,610 | $2,513,560 | 30.1% |
| FireKeepers | $3,443,717 | $1,870,648 | 84.1% |
| Horseshoe | $2,041,997 | $2,921,294 | -30.1% |
| PokerStars | $1,874,799 | $2,379,165 | -21.2% |
| Four Winds | $1,597,970 | $3,740,898 | -57.3% |
| Total | $273,108,546 | $222,527,253 | 22.7% |
Three Takeaways from February’s MI iGaming Revenue
With another strong showing in the books for Michigan iGaming, here’s some of the notable data we are seeing from the latest revenue report:
- Through two months, Michigan iGaming is 21.4% ahead of where it was at this time last year. Thus far in 2026, Michigan has recorded $571.4 million in revenue. Last year, Michigan reported a record $3.09 billion in iGaming revenue. Should the growth rate hold up throughout the rest of 2026, that would put the state up to $3.75 billion.
- Despite February being the shortest month of the year, it still saw FireKeepers Casino set a personal revenue record. Last month, the personal iGaming app recorded $3.44 million. That topped the previous record of $3.2 million it had set last October.
- February marked the first time since September that FanDuel Casino didn’t reach $70 million in revenue for a month. The state’s iGaming leader came very close, at $69.3 million. Like the state, FanDuel continues to show a strong year-over-year growth rate. It has recorded $142.6 million, which is 14.4% ahead of where it sat last year through two months ($124.6 million). If that holds, FanDuel Casino is on pace to reach just under $935 million in online casino revenue for 2026.
Drew Ellis has experience covering the gambling industries in North America and around the world. Decades of media experience provide him with the background to handle the complexities of different gambling laws and policies around the United States and North America. Ellis has primarily focused on online and retail casino news since 2021. Prior to working in the gambling industry, Ellis spent over 20 years in the newspaper industry, covering sports and the gambling. His work for The Mt. Pleasant Morning Sun and The Oakland Press was recognized with awards by the Associated Press and other media organizations. Drew has also contributed to the Detroit Free Press and the Associated Press.