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Michigan Online Casino Tax Revenue Surpasses $3 Billion Lifetime In May
By Drew Ellis
Published:
In the month of May, Michigan online casinos crossed a major milestone when it comes to tax revenue.
Last month, the state produced $305.8 million in iGaming revenue, which led to over $83 million in tax revenue.
With that total, the state now has over $3 billion in tax revenue for the state generated over the lifetime of Michigan online casinos.
$3 Billion In Lifetime Taxes Generated
Michigan online casinos launched in January 2021. Through five years and five months, the collective operators have brought in $3.01 billion in tax revenue.
That tax revenue stems from $11.65 billion in iGaming revenue through the 15 licenses combined.
Here’s how the tax revenue has looked since 2021:
- State Tax Revenue: $2.36 billion
- City Tax Revenue: $599.4 million
- Local Jurisdiction Payments: $286.3 million
Michigan’s Online Casino Revenue Breakdown in May
The $305.8 million in revenue generated from online casinos was the third-highest monthly total for Michigan. It was also a 21.6% increase from last May’s $251.5 million.
Here’s how the revenue looked by operator.
| Online Operator | May 2026 Revenue | May 2025 Revenue | Percentage Change |
|---|---|---|---|
| FanDuel | $77,378,696 | $65,864,351 | 17.5% |
| BetMGM | $64,291,884 | $67,386,493 | -4.6% |
| DraftKings | $39,868,954 | $36,257,508 | 10.0% |
| BetRivers | $24,024,444 | $17,810,272 | 34.9% |
| Hard Rock Bet | $21,074,923 | $645,474 (SI) | 3,165.0% |
| Fanatics | $20,436,578 | $10,508,300 | 94.5% |
| Caesars Palace | $17,172,216 | $16,482,404 | 4.2% |
| bet365 | $11,115,367 | $2,130,748 (PokerStars) | 421.7% |
| Hollywood Casino | $7,446,865 | $7,155,347 | 4.1% |
| Golden Nugget | $6,006,204 | $11,273,033 | -46.7% |
| BetParx | $4,595,134 | $3,860,872 | 19.0% |
| Eagle Casino | $4,010,781 | $3,466,314 | 15.7% |
| FireKeepers | $3,944,385 | $1,496,749 | 163.5% |
| Horseshoe | $2,293,087 | $2,841,281 | -19.3% |
| Four Winds | $2,104,120 | $4,294,447 | -51.0% |
| Total | $305,763,639 | $251,473,593 | 21.6% |
Bet365 Casino has Strong Opening in Michigan
On April 17, bet365 Casino Michigan debuted, taking over for the open license left behind by PokerStars.
In the brief debut month of April, bet365 netted $3.7 million in iGaming revenue.
May marked the first full month for the operator, and it brought in $11.1 million.
That’s the most that the license holder, Little Traverse Bay Bands of Odawa Indians, has seen in its history of holding a Michigan iGaming license.
By comparison, the $11.1 million bet365 brought in last month was a 421% increase from the $2.1 million PokerStars brought in for May 2025.
This debut would be a bigger splash if not for the debut month that Hard Rock Casino had in December, where it tallied $35.7 million. That was a record for a debuting online casino in Michigan. While Hard Rock has leveled off since, it still has been over $20 million for each of the first five months of 2026.
It’s possible bet365 could slip back in June, but staying over $10 million would be a good showing for the new operator moving forward.
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.