BetMGM Controls More than 40% of Near $100 Million Michigan Online Casino Market
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The Michigan online casino market had a record month in August with gross receipts of $97.2 million. BetMGM Casino MI has been in the lead since the market opened in January of this year. FanDuel Casino took over second place from DraftKings Casino in July.
BetMGM MI has increased its market share by more than 5% in August. The market as a whole grew by $5.5 million to $97.2 million. FanDuel and DraftKings earned about $27 million between them in the second tier.
DraftKings and FanDuel are neck and neck in the second tier market in Michigan. In August, DraftKings earned $12.6 million, while Fanduel earned about $14.2 million.
The bottom tier controls 31.7% of the Michigan online casino market. Rush Street accounts for the biggest share of that at over $7 million for August. William Hill, operated by Caesars, saw a big increase from $297,000 in July to $822,00 in August, while Parx Interactive and Pala Interactive saw increases month-over-month. BetMGM has a lock on the market with more than 40% and there is still room for other operators to enter.
