This is the second in a two-part series looking at the first two years of legal online gambling in Michigan. Check out Part One , when we looked at Michigan online sports betting.
This past Sunday, Jan. 22, marked the 2-year anniversary of legalized online casinos in the state of Michigan.
The state took on the daunting task of launching both online sportsbooks and online casinos at the same time.
In the past 24 months, it’s proven to be a great revenue generator for the gambling industry and tax revenue generator for the state.
Michigan set a record for most iGaming revenue over the first 24 months of operation. That has led to more than $675 million in tax revenue for state and local entities here in Michigan. Michigan’s online casino lifetime numbers
Over the past 24 months, the Michigan online casino industry has seen consistent growth. That has led to increased revenue for operators, and increased tax revenue for Michigan.
Here’s how the numbers break down over the last 24 months. Michigan online casino revenue
2021 total revenue : $1.11 billion
2022 total revenue : $1.58 billion Total 2-year revenue : $2.7 billion Michigan online casino state taxes 2021 total state taxes : $201.7 million 2022 total state taxes : $289.2 million Total 2-year state taxes : $490.9 million Michigan online casino city/local taxes 2021 total city taxes : $77.7 million 2022 total city taxes : $110.7 million Total 2-year city taxes : $188.3 million How do Michigan online casinos compare to other states? Michigan was well prepared upon launch of online casinos.A total of eight online operators were available to users on Jan. 22, 2021’s launch date.Since then, seven operators joined the mix over the last two years. Currently, a total of 14 are available.Michigan’s total of $2.7 billion in revenue is a record for its first two years of operation. By comparison, here’s what other states tallied: Pennsylvania : $1.37 billion New Jersey : $253 million West Virginia : $113 million Delaware : $3.78 million When comparing to top states currently operating, Michigan still is just behind the likes of […]
Click here to view original web page at www.playmichigan.com
