Courtesy of PokerGO The Michigan online poker market was larger than New Jersey’s for the third month in a row in May, thanks in no small part to the success to date of WSOP MI, estimates based on factors including cash game traffic reveal.
Online poker and casino revenue totaled $127.4 million in May , according to the Michigan Gaming Control Board (MGCB) and reported in Poker Industry PRO’s industry monitor earlier this week. Revenue from the combined verticals was down 3.8% month-to-month ($132.5 million) but was up 34.3% from one year ago ($94.9 million).
The MGCB does not separate online poker revenue from online casino revenue. But a comparison of cash game traffic data — coupled with an estimate based on the populations of three states where online poker is legal and its revenue is known — provides some context. Michigan Online Poker: May 2022 Revenue and Estimates
Based on cash game traffic data provided by independent industry monitor GameIntel , Michigan’s three online poker rooms made an estimated $2.5 million in revenue in May, down 7.9% from an April estimate of $2.7 million. Revenue from March is estimated at $2.6 million.
If accurate, the estimates would mean that Michigan has had a larger online poker market than New Jersey for the last three months. The poker vertical grossed $2.5 million in the Garden State in March, just under $2.3 million in April, and just over $2.3 million in May.
According to Poker Industry PRO , which makes GameIntel data available to subscribers of its unique PRO Data platform , there were 141 cash game seats on PokerStars MI on May 31. That same day, there were 76 cash game seats on both BetMGM Poker MI and WSOP MI. WSOP Only Poker Room Up in May
MGCB data show BetMGM MI had $49.2 million in online casino and poker revenue in May, while PokerStars MI grossed $2.5 million and WSOP MI made $6.5 million. Revenue was down 1.5% month-to-month for BetMGM ($50 million) and 9% for PokerStars, but WSOP saw revenue grow 10.3% from April ($5.9 million).
Using the same estimation […]