Michigan's April Online Gaming Revenue Approaches $200 Million Mark

Michigan’s April Online Gaming Revenue Approaches $200 Million Mark

Michigan’s online gaming industry has been thriving since its launch in January 2021. The state’s online gaming revenue has been steadily increasing each month, and April 2021 was no exception. According to the Michigan Gaming Control Board (MGCB), the state’s online gaming revenue for April approached the $200 million mark.

In April, Michigan’s online casinos and sports betting platforms generated a total of $95.1 million in gross receipts. This is a significant increase from March’s revenue of $88.7 million. The state’s online casinos accounted for $89.2 million of the total revenue, while sports betting platforms generated $5.9 million.

The MGCB reported that the state’s online gaming revenue has been steadily increasing since its launch in January. In January, the state’s online gaming revenue was $29.4 million, which increased to $79.7 million in February and $95.1 million in April.

The increase in online gaming revenue can be attributed to several factors. Firstly, the COVID-19 pandemic has forced people to stay indoors, leading to an increase in online gaming activity. Secondly, the state’s online gaming industry has been expanding rapidly, with more online casinos and sports betting platforms launching each month.

Michigan currently has 12 online casinos and 10 sports betting platforms operating in the state. The MGCB has also approved several new operators to launch in the coming months, which is expected to further boost the state’s online gaming revenue.

The state’s online gaming industry has also been a significant source of revenue for the state. In April alone, the state collected $18.3 million in taxes from online gaming operators. This revenue will be used to fund various state programs and services.

Overall, Michigan’s online gaming industry has been a huge success since its launch in January. The industry has generated significant revenue for the state and has provided a source of entertainment for residents during the pandemic. With more operators set to launch in the coming months, the state’s online gaming revenue is expected to continue to grow.