Michigan February Online Casino Revenue Leaps 22.7% Year-Over-Year, To $273M [Yahoo! Finance]
DraftKings Inc. - Class A (DKNG)
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Source: Yahoo! Finance
Photo by Imagn Images The Michigan Gaming Control Board reported on Tuesday $273.1 million in gross online casino revenue for February, its fourth all-time top-five total in the last five months. Gross operator winnings were up 22.7% from February 2025, and it was the third consecutive month the increase was $50 million or more in terms of amount. Combined year-over-year revenue has increased by $50 million or more 10 times in the last 11 months, with November — when DraftKings had a U.S.-record $22.4 million jackpot payout — the lone exception. The state was able to levy taxes on $262.1 million in adjusted gross revenue, up 25.3% from last year, and re-directed $53.9 million to its coffers. Operators can only deduct up to 4% of promotional spend against gross revenue this year, down from 6% in 2025. The city of Detroit collected $12.8 million in tax revenue, and tribal disbursements to local jurisdictions totaled nearly $7 million. DraftKings keeps paying out ALMOST 3 MI
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