Michigan tax revenue nears $90 million just six months after online gambling goes live

Michigan tax revenue nears $90 million just six months after online gambling goes live

Article brief provided by FOX17 West Michigan
  • Michael Martin, FOX17 West Michigan
July 21, 2021 11:56 PM
  • Michael Martin, FOX17 West Michigan

Six months after online gambling and sports betting became legal and dozens of online platforms popped up, the state has racked up nearly $90 million in tax revenue.

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Governor Gretchen Whitmer signed legislation all the way back in December 2019 that would eventually make online casino play and sports betting legal in Michigan.

Finally launching at the end of January 2021, initial estimates predicted the state might see somewhere between $10,000,000 and $50,000,000 in annual tax revenue.

“We knew it would be big… This is a state with a casino culture, but it’s been huge,” said Matt Schoch, an analyst with MichiganPlays, a website that tracks the state’s gaming industry.