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Online Casinos Benefit From Another Huge Month In Michigan With $ 107.6 Million In Revenue

By on December 16, 2021 0


(Editor’s Note: This story is developing and will be updated throughout the day.)

The good times continue to roll in for Michigan online casino operators. Meanwhile, tax dollars continue to flow into the coffers of government agencies across the state.

Internet gaming operators have won $ 107.6 million of turnover in November, according to figures released Thursday by the Michigan Games Control Board. That number was just short of the October record of $ 109.7 million. However, taking into account one less calendar day in November, the daily trait exceeded October by one. $ 3.59 million at $ 3.54 million to count.

Internet games, which combine Internet casinos with online poker, raised $ 19.8 million in state tax revenue for the month. The city of Detroit also hosted $ 5.3 million taxes, while tribal operators statewide have $ 2.2 million in fiscal money.

Since the legal launch of online gambling in Michigan in January, the state has introduced $ 179.1 million tax revenue. Combined with $ 49.4 million for Detroit and $ 19.7 million for the tribal operators, this is a big gain.

And what about this? Since its launch on Jan. 22, Michigan’s internet gaming operators have won nearly a billion dollars In income – $ 992.2 million until November.

BetMGM Casino once again, led the company to another top spot in the industry’s revenue race. Combined with PariMGM Poker, and the company raised $ 40.1 million in Internet gaming revenue, good for a 37.3% market share.

Licensee Brand Income (GGR) Promotions State tax Local tax
MGM Grand Detroit BetMGM $ 40,116,304 $ 4,011,630 $ 7,076,516 $ 3,484,101
Mills of the Bay DraftKings $ 16,833,955 $ 1,683,395 $ 3,393,725 $ 848,431
MotorCity FanDuel $ 16,784,718 $ 1,678,472 $ 2,960,824 $ 1,457,753
Small river BetRivers $ 7,041,413 $ 704,141 $ 1,419,549 $ 354,887
Keweenaw Bay Gold nugget $ 5,806,912 $ 580,691 $ 1,170,673 $ 292,668
Greek city Bar stool $ 4,647,189 $ 464,719 $ 819,764 $ 403,608
Sault Ste. Married WynnBet $ 4,154,309 $ 415,431 $ 837,509 $ 209,377
Little Bay Traverse Fox bet $ 2,543,797 $ 254,380 $ 512,829 $ 128,207
Great Crossing Caesars $ 2,376,566 $ 850,782 $ 268,538 $ 67,135
Pokagon Four winds $ 2,371,632 $ 237,163 $ 478,121 $ 119,530
Match-E-Be-Nash-She-Wish Parx $ 1,452,859 $ 145,286 $ 230,133 $ 57,533
Hannahville TwinSpires $ 1,408,985 $ 140,899 $ 284,051 $ 71,013
Nottawaseppi Huron Guardians of the Fire $ 1,253,308 $ 125,331 $ 197,466 $ 49,366
Old Desert Lake Points bet $ 801,055 $ 225 $ 128,133 $ 32,033
Total $ 107,593,002 $ 11,292,545 $ 19,777,832 $ 7,575,644

DraftKings Casino sharp rival FanDuel Casino for second place by the thinnest of the margins. Both companies rounded up to $ 16.8 million in revenue, DraftKings winning $ 49,237 more than FanDuel. Market shares of the two brands rounded to 15.6%.