Finance

Michigan online gaming revenue soars

Author: Live Casino Direct
 
Michigan online gaming revenue soars
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Michigan's Internet gaming revenue has risen by 34% compared to previous year. July was the most successful month yet revenue-wise. Michigan is one of the latest states to legalize online casino gambling and sports betting.

Michigan legalized online casino gambling in 2021. The state's online casinos have paid $24,137,470 in tax alone. MGM Grand Detroit is the most successful Internet gaming operator in Michigan. FanDuel and DraftKings are also doing well. Bay Mills Indian Community share their license to Draft Kings online gambling. Their revenues are only a third of BetMGM's. Poker Stars is one of the best poker sites in the world.  The peak player count in any 24 hour period at PokerStars is just north over 300.

BetMGM's apps with hundreds of slots are the culprit for Michigan players. Online casino players love slots. Some states have legalized internet gambling. Connecticut recently legalized it. Michigan, Pennsylvania, New Jersey, West Virginia and Connecticut legalized gambling as well.

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