New Jersey vs Michigan: Who Generated More Revenue from Online Casinos in 2021

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bridgemi.com

Michigan bet big on online gambling. We’re now No. 1

Michigan is the No. 1 state for online gambling after an explosive 22% jump last year, according to data compiled by the American Gaming Association and released this week. Bettors wagered a combined $1.92 billion through online gaming in Michigan last year - about $115000 more than in No. 2 New Jersey, the industry association said in a new…

Finance ・ 24 February 2024

West Island

Michigan Online Casinos Score Record $209.2M Amid Strike

In a striking turn of events, Michigan's virtual gaming establishments appeared to strike the jackpot last month, coinciding with casino floor dealers and staff waving picket signs instead of playing cards in Detroit. With casino personnel clamoring for enhanced compensation in a spirited November protest, online gambling platforms quietly raked in…

Industry ・ 25 December 2023

Fingerlakes1

Will we see New York join the wave of online casino legalization?

In many ways, the creation of a regulated iGaming market remains something of a Holy Grail for casino brands, as it's estimated that the Big Apple will generate more than $1 billion in tax revenues. Of course, NY has already dipped its toes in the world of remote wagering, having legalized sports betting back in January 2022. In the first month of…

Law ・ 07 December 2023

The Buffalo News

Online casinos lucrative but slow to catch on across US

ATLANTIC CITY, N.J. - In the 10 years that it has been operating in New Jersey, internet casino gambling has generated nearly $7 billion in revenue for casinos and their affiliates, sent over a billion dollars in tax revenue to the state's coffers and helped keep Atlantic City's nine casinos afloat while they were shut down during the COVID-19…

Finance ・ 01 December 2023

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WTAE

Internet casinos thrive in Pennsylvania, West Virginia, New Jersey

In the 10 years that it has been operating in New Jersey, internet casino gambling has generated nearly $7 billion in revenue for casinos and their affiliates, sent over a billion dollars in tax revenue to the state's coffers and helped keep Atlantic City's nine casinos afloat while they were shut down during the COVID-19 pandemic.So why hasn't it…

Finance ・ 28 November 2023

Urban Matter

Why Michigan's Online Casino Market Could be a Perfect Case Study for Illinois

Sports betting is legal in both Michigan and Illinois. Online casinos are legal in Michigan but not in the land of Lincoln. Interestingly, Illinois has recorded a much higher betting handle ($14.17B) than the Great Lake States ($6.8B) since sports betting became legal in 2018. Michigan hit a $1 billion revenue in its first full year of legalizing…

Law ・ 06 January 2023

World Casino News

Michigan online gaming revenue soars

Online casino gaming is booming across the States, and another proof of that is the exponentially rising trend in Michigan - one of the latest states to legalize online casino gambling and sports betting. And most of these Michigan online casinos are reviewed at sites like UScasinos.com. Compared to previous year, Michigan's Internet gaming revenue…

Finance ・ 19 October 2022

The Nevada Independent

Study: States without online gaming losing out on ‘billions in tax revenue’

A study commissioned by gaming equipment provider and developer Light & Wonder found that expanding legal online casinos to additional states could produce annual revenue of more than $30 billion with tax revenue of $6.35 billion. The report, produced by VIXIO GamblingCompliance, looked at the potential financial results if internet gaming -…

Finance ・ 05 August 2022

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Gambling News

H12022 Online Gambling Revenue Suggests Michigan Soon to Surpass New Jersey

The state of Michigan is hot on the heels of New Jersey in terms of profits from online gambling, the announcement of the two state's latest gambling revenue results has revealed. Based on the trajectory the two states are following since the launch of online gambling in their respective jurisdiction, Michigan is very likely to surpass New Jersey…

Finance ・ 28 July 2022

WLNS

Michigan gambling revenue has raised $2.5 billion since 1997

DETROIT, Mich. (WLNS) - Billions of dollars have gone back to Michigan schools thanks to gambling in the state. Since 1997, the Michigan Gaming Control Board has donated $2.5 billion collected from Detroit casinos and various gambling ventures to Michigan's School Aid Fund. The taxes paid through 2021 are based on revenues and receipts from casino…

Finance ・ 14 July 2022

WFMZ News

New Jersey Online Casinos and Michigan Online Casinos are Neck and Neck in Revenue Battle in April 2022

ATLANTIC CITY, N.J., May 19, 2022 /PRNewswire/ -- April results are in and according to revenue numbers released by the New Jersey Division of Gaming Enforcement and the Michigan Gaming Control Board that were compiled by OddsSeeker.com, online casinos in NJ generated $134628446 in revenue versus $132438012 for Michigan online casinos in April…

Finance ・ 19 May 2022

Gambling News

US iGaming Has a Lot of Potential, AGA Says

The latest State of the States American Gaming Association (AGA) shows how the various gambling verticals fared in 2021. The report showed that iGaming is easily the fastest-growing form of gambling. As of now, only the states of Connecticut, Delaware, Michigan, New Jersey, Pennsylvania and West Virginia have legalized online casinos. Despite…

Covid ・ 16 May 2022

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Golden Casino News

Ontario Online Casino Scene Expected To Be Bigger Than Sportsbook

Online casino "will be a far bigger winner for Ontario" than its sports betting counterpart when the market launches on April 4, state analysts for PlayCanada. According to performance figures from across the United States, igaming generated 153 percent more in operator revenue and 339 percent more in tax revenue than sports wagering did in the…

Sports ・ 04 April 2022

WFMZ News

PlayCanada: Online Casino Revenue Will Dwarf Online Sportsbooks

An analysis of U.S. markets shows that online casinos will be a far bigger winner for Ontario after April 4 launch, /PRNewswire/ -- Online casino betting drove 153% more operator revenue and 339% more in tax revenue than sports betting last year in U.S. markets where both are legal, according to a recent analysis by PlayCanada.com, which tracks the…

Sports ・ 31 March 2022

New Jersey Online Gambling

NJ Collecting More Taxes From Online Casinos Than Brick-And-Mortar

Online casino games in New Jersey have a long way to go before they ever catch up to revenues (in a non-pandemic era) produced the old-fashioned way: from customers showing up at the nine Atlantic City casinos and doing their gambling there. But the online version has taken the lead in an important way for state residents, as more tax dollars are…

Finance ・ 19 October 2021

WSN

Online Gambling Tax Revenue in Michigan Exceeds Predictions

After just six months of legal online gambling in Michigan, tax revenues have already exceeded the initial industry predictions, with the state taking in almost $90 million so far in 2021, nearly doubling what some experts had first expected. When Governor Gretchen Wilson first signed the online gambling bill at the end of 2019, the revenue…

Finance ・ 22 July 2021

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Illinois News Online

Can Illinois iGaming Catch-Up with New Jersey?

Online gambling is big business. However, until recently, the US involvement in this industry has been minimal. Yet, all that changed when PASPA went into the annals of history in 2018. Thus, in the past three years, a digital betting revolution has occurred on US soil, with sports betting leading the charge. More states are also now coming around…

Travel ・ 05 July 2021

Gambling News

Why Now Is the Time to Launch an Online Casino in the US

Joonas Karhu, chief business officer at Bojoko, says that with impressive early revenues and limited competition, now is the time for operators to get in on the action. Whenever we talk about legal online gambling in the US, the discussion often immediately shifts to sports betting, and it is easy to see why; statistics suggest that the regulated…

Mobile ・ 06 July 2021

Online Poker Report

Casinos Beat Sportsbooks Two-To-One In Online Channel Revenue

In states with both legal iGaming and online sports betting, the former is king. Online casinos - with a bit of help from poker rooms - reliably produce more than twice as much revenue as sportsbooks. This March, iGaming yielded more than $300 million in revenue for Michigan, New Jersey, Pennsylvania and West Virginia, according to reports from…

Sports ・ 07 May 2021

Markets Insider

Online Poker, Casino Games Businesses Triple As Casinos Close

Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Atlantic City's casinos may have closed their doors, but New Jersey's gamblers haven't stopped betting. In the wake of the COVID-19 pandemic, online casino games - where users gamble real money playing poker, slots, and more - are soaring in popularity…

Games ・ 30 December 2022

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This Day

How Regulated is the Online Casino Industry in the US?

Legal online casino gaming is spreading rapidly across the US. Surprisingly, most states legalized the industry only after the Supreme Court struck down the PASPA Act in 2018. States have had the authority to regulate online casinos since 2011. This is when the Department of Justice replied to New York and Illinois' inquiry on whether they could…

Law ・ 22 July 2023