Michigan online gaming and sports betting reach $126m in revenue in September

Michigan online gaming and sports betting reach $126m in revenue in September

According to the Michigan Gaming Control Board, that total includes a state record of $102.4m in gross receipts tied to internet gaming.

US.- September was a great month for Michigan online gaming. In a report released by the Michigan Gaming Control Board it is shown that state internet gaming operators reported $102.4m in online casino revenue. September’s total was a 5.3 per cent increase from August. Sports betting figures were also satisfactory with $23.7m revenue. 

Eric Ramsey, an analyst for the PlayUSA.com network, said: “Live dealer games have pushed online casino gaming to a new level.” He also said: “The state’s industry will almost certainly reach $1bn in revenue in its first year of existence, which is a remarkable milestone for such a young market.”

Michigan’s online sports betting generated more than $350m in wagering for September; gross gaming revenue rose 49 per cent to $23.7m from $15.9m for August. Gross income produced $17.4m in taxable revenue.

September’s internet gaming revenue record of $102.4, made Michigan join New Jersey and Pennsylvania as the only three states to ever produce $100m in monthly revenue.

Last month, the state had 14 operators that were authorized for both forms of online wagering.

Since its launch, Michigan internet gaming has raised $139m in state tax revenue, with $38.5m for Detroit and $15.2m for tribal operators.

See also: Detroit casino revenue drops 3% in September

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Michigan Michigan Gaming Control Board online gaming sports betting