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Can you please rephrase this statement?
Michigan online casinos are maintaining robust figures as we approach the beginning of autumn.
It is important to carefully analyze the numbers to understand the true meaning behind the consistent online revenue.
Out of the 15 online operators, a few are experiencing a pleasant surge in the summer, whereas others are aiming to recover during the autumn months.
Take a glimpse at the operators experiencing growth and decline.
Michigan online casino stock up: DraftKings Casino MI
DraftKings Casino MI has made a significant recovery since our report on the May revenue numbers.
In May, DK achieved a mere 14.0% online casino revenue share, marking its second-lowest performance since its launch in early 2021.
DraftKings has experienced a steady increase over the past few months, reaching a share of 15.0% in July 2022, equivalent to $19 million.
In July, DraftKings had a remarkable performance, surpassing FanDuel Online Casino MI by 14.7%. This achievement marked the second-best performance among all 15 operators. Notably, this was also the first instance in five months that DraftKings secured the second position.
In Michigan, DraftKings holds a 16.5% revenue share, amounting to $312.7 million, placing it in third position overall. FanDuel, on the other hand, occupies the second spot with a slightly higher revenue share of 17.0% ($322.5 million). Therefore, DraftKings needs to put in efforts to narrow the gap and catch up to FanDuel.
Stock down: FanDuel Online Casino MI
Predictably, as DraftKings continues to thrive, FanDuel Casino MI has been experiencing a decline in popularity.
FD has experienced a decline in its online casino market share in Michigan for four consecutive months, as indicated by July’s revenue figures.
FanDuel reached its peak at 17.1% in March 2022, marking the highest point since May 2021. However, it has consistently declined each month since then.
- In April 2022, the amount of $21.0 million accounted for 15.9%.
- In May 2022, the amount of $20.1 million accounted for 15.8% of the total.
- In June 2022, the amount of $18.5 million accounted for 15.3%.
- In July 2022, the amount of $18.6 million accounted for 14.7% of the total.
FanDuel’s July 2021 percentage was almost one percentage point higher than the July percentage.
Stock down: WynnBET Online Casino MI
WynnBET Online Casino Michigan has consistently maintained a prominent position within the iGaming industry, consistently ranking among the top 15 operators on a monthly basis.
After making its debut in June 2021, WynnBET experienced a significant surge, capturing 5.4% of Michigan’s online casino revenue share in July of the same year. However, its performance has gradually declined since then.
WynnBET experienced a decline in its revenue share, reaching a new low of only 3.1% ($3.9 million) in July 2022. Despite ranking eighth out of 15 operators, this downward trend is concerning.
In 2022, WynnBET achieved a share of 4.4%, amounting to $5.3 million, only once. This occurred in January, ranking it as the sixth-best performer for the month.
Michigan online casinos stock up: Eagle Casino & Sports
Eagle Casino & Sports, the online product of Soaring Eagle, has comfortably established itself as the 15th online casino operator option in Michigan.
After debuting in April with a mere 0.3% share of online revenue, it has maintained a consistent 1.7% share in both June and July of 2022.
Soaring Eagle achieved a new milestone in July by generating a record-breaking revenue of $2.14 million.
In the past two months, Eagle Casino has outperformed four other online operators in the state.
Stars Casino MI, previously at a mere 1.9% in June and 1.8% in July, is now within grasp for targeting.
“Please rephrase the following sentence.”
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