Michigan On-line Playing Websites Win $1.4 Billion In 2021
Final 12 months was the primary 12 months the state of Michigan sanctioned on-line playing websites, they usually produced vital winnings of off gamers.
Gamblers misplaced $1.4 billion to on-line casinos and on-line sportsbooks mixed, in keeping with numbers from the Wolverine State launched Tuesday. The web casinos generated $1.1 billion in income, whereas the web sportsbooks gained simply over $292 million. The full was barely decrease when factoring in free promotional bets.
“Mixed 2021 adjusted web gaming and on-line sports activities betting adjusted gross receipts have been $1.1 billion, together with $1 billion from web on line casino gaming and $110.6 million from on-line sports activities betting,” the Michigan Gaming Management Board mentioned. “Adjusted gross receipts embody deductions for the financial worth of free play incentives offered to and wagered by bettors.”
The full sports activities playing deal with for the 12 months was $3.7 billion.
As for Michigan’s piece of the pie, the state-sanctioned playing websites made $208.94 million in taxes and funds to the state of Michigan throughout 2021 together with:
Web gaming taxes and costs: $201.67 million
On-line sports activities betting taxes and costs: $7.27 million
The three Detroit casinos reported paying the Metropolis of Detroit $59.35 million in wagering taxes and municipal companies charges through the 12 months together with:
Web gaming taxes and costs: $55.28 million
Web sports activities betting taxes and costs: $4.07 million
Tribal operators reported making $22.39 million in funds to governing our bodies.