Online Casinos Enjoy Another Massive Month In Michigan With $107.6 Million In Revenue
The good times continue to roll for Michigan online casino operators. Meanwhile, tax money continues to pour into the coffers of public bodies throughout the state.
Internet gaming operators earned $107.6 million of revenue in November, according to numbers released Thursday by the Michigan Gaming Control Board. That number was just short of October’s record haul of $109.7 million. However, taking into account one fewer calendar day in November, the daily haul outpaced October by a $3.59 million to $3.54 million count.
Internet gaming, which combines internet casinos with online poker, raised $19.8 million in state tax revenue for the month. The city of Detroit also took in $5.3 million of taxes, while tribal operators across the state raised $2.2 million in tax money.
Since legal online gambling launched in January in Michigan, the state has brought in $179.1 million of tax revenue. Combined with $49.4 million for Detroit and $19.7 million for tribal operators, that’s quite a haul.
And how about this? Since launching on Jan. 22, Michigan internet gaming operators have earned nearly a billion dollars in revenue — $992.2 million through November.
BetMGM Casino once again led the company to another first-place finish in the sector’s revenue race. Combined with BetMGM Poker, and the company raised $40.1 million in internet gaming revenue, good for a 37.3% market share.
DraftKings Casino edged rival FanDuel Casino for second place by the slimmest of margins. Both companies rounded to $16.8 million of revenue, with DraftKings earning $49,23715.6%.
