Michigan Online Gambling Rakes in $162.1 Million in March
Like many states that have legalized online gambling across the U.S., Michigan online casinos and sportsbooks have seen record revenue for the first few months of the year.
In the month of March alone, internet gaming has raked in $162.1 million in total revenue. Casino gaming accounted for $131.67 million, and sports betting accounted for $30.48 million.
One of the biggest winners in the online gambling revenue game was Greektown Casino and hotel in Detroit, Michigan, which reported its revenue had gone up 33.7% in 2021 (though, its sports betting revenue did fall).
The state of Michigan received $24.7 million in taxes and payments for the month of March, proving that online gambling has become an extremely profitable income source for the state.
And it’s not only the state of Michigan that’s seeing the benefits of online gambling, either. The Michigan Gaming Control Board reported that the city of Detroit received $7 million in tax revenue and service fees from casinos as well as an additional $2.7 million from tribal betting operators.
Will online gambling continue to be profitable for the Wolverine State? Only time will tell, but we can’t help but assume the answer will be a definitive yes.