Internet casinos, poker and sports betting in Michigan generated $1.4 billion in revenue in 2021, the first year online gambling was operational in the state.<\/p>\n
Internet casino gaming generated $1.1 billion in revenue while internet sports betting produced $292.2 million, according to numbers released Tuesday by the Michigan Gaming Control Board.Meanwhile, bettors wagered $3.7 billion at online sportsbooks last year.<\/p>\n
Michigan became the third state in U.S. history to generate more than $1 billion in annual revenue from online casino games and poker, and the first to do so in its first year, according to PlayMichigan.com, a site that covers gaming in the state.<\/p>\n
It took time for online sports betting to truly ramp up, but online casinos have flourished from the very beginning,Eric Ramsey, an analyst for thePlayUSA.comnetwork, which includesPlayMichigan.com, said in a statement Tuesday. Few saw Michigan hitting $1 billion in revenue over the first year, especially considering that no state had ever reached that level before. To do it in year one has been impressive, creating a significant stream of tax revenue from the state along the way.<\/p>\n
Online gambling operatorspaid $201.67 million in internet gaming taxes and fees to the state, and $7.27 million in online sports betting taxes and fees. Detroit's three casinos paid $59.35 million in wagering taxes and municipal services fees to the city for 2021. And tribal operators across the state reported making $22.39 million in payments to governing bodies.<\/p>\n
For online casino games and poker, operator BetMGM, affiliated with MGM Grand Detroit, had the highest revenue for the year of more than $417 million.<\/p>\n
For online sports betting, the leader in 2021 in total handle was operator FanDuel, which is affiliated with MotorCity Casino Hotel, with more than $993 million in bets.<\/p>\n
In December, online gambling operators reported $156.52 million in revenue, down 3.2% from November. December brought a monthly record of $121.76 million in revenue tied to internet gaming, the MGCB reported. Fourteen operators were authorized for both forms of online wagering in December.<\/p>\n
Last week, the state reported that Detroit's three casinos netted$1.294 billion in aggregate revenue in 2021, beating2020resultsbut falling short of 2019's record total.<\/p>\n
The state operates a 24-hour, toll-free helpline for problem gambling at 1-800-270-7117. Information on self-exclusion programs is available at http:\/\/www.michigan.gov\/mgcb<\/a>.<\/p>\n jgrzelewski@detroitnews.com<\/a><\/p>\n Twitter: @JGrzelewski<\/p>\n We're offering a great rate on digital subscriptions. Click here.<\/p>\n <\/p>\n View post: <\/p>\n Online gambling generated $1.4 billion in Michigan in its first year - The Detroit News<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Internet casinos, poker and sports betting in Michigan generated $1.4 billion in revenue in 2021, the first year online gambling was operational in the state. Internet casino gaming generated $1.1 billion in revenue while internet sports betting produced $292.2 million, according to numbers released Tuesday by the Michigan Gaming Control Board.Meanwhile, bettors wagered $3.7 billion at online sportsbooks last year. Michigan became the third state in U.S Continue reading