Go directly to the content.
“The weather is very hot today.” <br><br>Today’s weather is scorching.
Michigan online casino operators are still experiencing prosperous times, while public bodies in the state continue to benefit from an influx of tax revenue.
According to the Michigan Gaming Control Board, internet gaming operators generated $107.6 million in revenue in November. This figure was slightly lower than the record-breaking $109.7 million earned in October. However, when considering that November had one less day on the calendar, the daily revenue surpassed October’s tally with $3.59 million compared to $3.54 million.
Sector raised nearly $20 million of state tax revenue in November
In the month, the fusion of internet casinos and online poker, known as internet gaming, generated a total of $19.8 million in state tax revenue. Additionally, the city of Detroit benefited from $5.3 million in taxes, while tribal operators throughout the state contributed $2.2 million in tax funds.
Michigan has successfully generated a significant amount of tax revenue through legal online gambling, reaching a total of $179.1 million for the state, $49.4 million for Detroit, and $19.7 million for tribal operators. This accomplishment marks a notable achievement.
What about this? Since its launch on January 22nd, internet gaming operators in Michigan have generated a staggering revenue of almost one billion dollars, specifically $992.2 million as of November.
Michigan quickly rose to the top ranks of states in terms of internet gaming revenue, competing closely with leaders New Jersey and Pennsylvania.
BetMGM again leads the internet gaming operator race
BetMGM Casino has once more emerged as the top earner in the sector, securing a first-place finish in the revenue race. When combined with BetMGM Poker, the company generated an impressive $40.1 million in internet gaming revenue, capturing a substantial 37.3% market share.
| Licensee | Brand | Revenue (GGR) | Promos | State Tax | Local Tax |
|---|---|---|---|---|---|
| MGM Grand Detroit | BetMGM | $40,116,304 | $4,011,630 | $7,076,516 | $3,484,101 |
| Bay Mills | 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 |
| Little River | BetRivers | $7,041,413 | $704,141 | $1,419,549 | $354,887 |
| Keweenaw Bay | Golden Nugget | $5,806,912 | $580,691 | $1,170,673 | $292,668 |
| Greektown | Barstool | $4,647,189 | $464,719 | $819,764 | $403,608 |
| Sault Ste. Marie | WynnBet | $4,154,309 | $415,431 | $837,509 | $209,377 |
| Little Traverse Bay | Fox Bet | $2,543,797 | $254,380 | $512,829 | $128,207 |
| Grand Traverse | 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 | Play Gun Lake | $1,452,859 | $145,286 | $230,133 | $57,533 |
| Hannahville | TwinSpires | $1,408,985 | $140,899 | $284,051 | $71,013 |
| Nottawaseppi Huron | FireKeepers | $1,253,308 | $125,331 | $197,466 | $49,366 |
| Lac Vieux Desert | PointsBet | $801,055 | $225 | $128,133 | $32,033 |
| Total | $107,593,002 | $11,292,545 | $19,777,832 | $7,575,644 |
Since the launch of online gambling in the state on January 22, BetMGM has consistently been the top internet gaming operator among the 14 operators in the state for the past 11 months.
DraftKings Casino narrowly surpassed FanDuel Casino to secure the second spot by a minuscule difference. Both companies reported revenue of approximately $16.8 million, with DraftKings earning a mere $49,237 more than FanDuel. Market shares for both brands were approximately 15.6%.
In terms of revenue for the month, BetRivers Casino secured the fourth position with $7.0 million, while Golden Nugget Casino followed closely behind in fifth place with $5.8 million.
In October, Stars Casino/PokerStars MI experienced a decline in revenue, falling below $1 million for the first time in any given month. However, the operators made a strong comeback in November, reporting a revenue of $2.5 million. This placed them seventh in the pecking order among other operators.
WynnBet Casino generated a revenue of $4.2 million, ranking it sixth in terms of earnings.
Could you please rephrase the following statement?<br><br>”Can you rewrite this?”
Related Articles
Please rewrite your request in a more specific manner so that I can assist you better.