The beginning of 2023 continued Michigan online casinos’ upward trend. Along with that trend is Golden Nugget Casino MI, which also put an all-time high number for monthly online gambling revenue in January.
Ojibwa Casinos, also the Keweenaw Bay Indian Community’s online partner, has focused on making its casino product among the most competitive in Michigan.
Golden Nugget MI has Grown Significantly since 2021
When Michigan legalized online gaming in January 2021, Golden Nugget MI became one of the casino sites available.
Golden Nugget earned $50.6 million during the initial year of operation. Golden Nugget had its highest month of revenue that year, with $6.14 million in December.
Moving forward to 2022, Golden Nugget earned $72.6 million in revenue. Year on year, it was a 45.5% increase. It was slightly higher than Michigan’s total online casino growth in 2022. The online casino industry as a whole increased its revenue by 42.1% ($1.11 billion to $1.58 billion).
Golden Nugget also produced more than $6.14 million in monthly revenue seven times in 2022. The revenue reached its peak in August 2022 at $7.2 million.
Golden Nugget resumed its record-breaking streak in 2023. However, it barely beat August’s previous high of $7.21 million in revenue.
Ranks Fifth in Michigan
In terms of total Michigan online casino revenue, Golden Nugget ranks fifth in the state. Golden Nugget has a 4.6% market share throughout all Michigan online casino revenue. The state’s 25 months of recorded revenue has created $130.4 million.
It puts it way ahead of sixth-place WynnBet Casino, which has $106.1 million. However, Golden Nugget has a long way to go to catch BetRivers Casino, which is fourth with $187.4 million. Since Golden Nugget has been increasing its revenue, BetRivers has exceeded Golden Nugget’s record of $7.21 million for 14 consecutive months.
Golden Nugget focuses on Online Casino Gaming
The Golden Nugget Casino has evidently staked its claim with its iGaming offering. Golden Nugget is a remote 13th in all-time handle in online sports betting, with only $23.4 million over 25 months. It has resulted in only $1.66 million in revenue.
Golden Nugget does have a robust online casino game selection, which involves four exclusive name-branded games. Among them are:
- Golden Nugget Blackjack Live
- Golden Nugget Megaways
- Golden Nugget Stepper,
- Golden Nugget Video Slot
Golden Nugget’s online casino has nearly 700 gaming choices in total. It includes the following:
- Slots: 634
- Table Games: 44
- Live Dealer: 10
- Video Poker: 8