Posts Tagged ‘Michigan’
Detroit Casino Revenue Up 4.7% in September 2026
Slots and tables at the three Detroit casinos produced $102.78 million in September, 4.7% above September 2025. MotorCity Casino rose 12.7% to $32.6 million and MGM Grand Detroit rose 6.5%, while Hollywood Casino at Greektown fell 8.8%. Slot and table win for the first nine months of 2026 runs 2.3% ahead of the same stretch…
Read MoreCoinbase Sports Contracts Michigan Halt Starts Oct. 10
New sports event contracts stop for Michigan Coinbase customers at 12:00 a.m. Eastern Oct. 10, and open positions must be closed by then. Michigan, in return, stays its hand so long as Coinbase keeps to the terms and the 6th Circuit cases run. Whether Michigan gambling law reaches federally registered event contracts stays unresolved until…
Read MoreMichigan To Allow Tax Write-Offs For Gambling Losses
Gamblers in Michigan can write off gambling losses on their state taxes now. Gov. Gretchen Whitmer signed a bill allowing this for the 2021 tax year. The bill is estimated to cost the state around $12 to $17 million per year. LANSING, Mich. – Michigan Gov. Gretchen Whitmer signed into law a bill that would…
Read MoreMichigan Gambling Industry Booms In Record-Breaking October
Michigan Detroit-based casinos made $111.4 million in October revenue. Sportsbooks handled just under $500 million in sports wagers. Online casino games and sports wagers contributed $20.8 million in taxes. DETROIT – Michigan had a financially great October after commercial and tribal operators generated $109.7 million in revenue. During a very active Autumn season of legal…
Read MoreSports Betting Revenues Up Across Nation Compared To 2020
Every state with a legalized sports betting industry, with the exception of Oregon, saw an increase in sports betting revenue in September 2021 compared to September 2020. Michigan and Colorado saw the largest increases in sports betting revenue, with Michigan seeing a 520.1% increase and Colorado a 443.9% increase. TALLAHASSEE, Fla. – Seventeen of the…
Read MoreMichigan Sees Major September Revenue Boom At Detroit Casinos
The MGM Resorts, MotorCity Casino, and Greektown Casino have seen a combined $110.4 million in gambling revenue for September 2021. Table games and slots reported $106.9 million, while retail sportsbooks reported $3.5 million. Revenue has spiked year-over-year compared to September 2020’s $87.9 million that was reported. DETROIT – Detroit casinos have seen a successful September,…
Read MoreOnline Michigan Sports Betting and Gambling Launches Friday
Michigan has authorized nine gambling operators to launch online sports betting and online gaming throughout the state on Friday. FanDuel, DraftKings, BetMGM, and Barstool Sportsbook are among the nine gambling operators launching in Michigan. Online sports betting in Michigan will be taxed at a rate of 8.4% while online gaming will be taxed between 20-28%.…
Read MoreOnline Interstate Poker In Michigan Now Legal, Launch Unclear
Michigan will be offering interstate online poker tournaments in 2021. The newly legal gambling offering will be seen on platforms that choose to offer it sometime in the earlier half of the new year. Licensing and testing phases need to occur before a launch of poker and interstate poker can occur on the casino gaming…
Read MoreWill Michigan Governor Approve Interstate Online Poker?
Michigan could be the fourth state to have interstate online poker in 2021. The Wolverine State has passed legislation and is awaiting approval by Governor Gretchen Whitmer. Online and mobile gambling platforms will launch in Michigan in January. DETROIT – A bill that would make interstate online poker playing legal in Michigan is now sitting…
Read MoreDetroit Casinos To Lose Over $60 Million With COVID-19 Closures
Michigan Governor Gretchen Esther Whitmer announced the closing of casinos for three weeks. The closing of the casinos, all located in Detroit, will lead to an estimated loss of over $67 million. The closures were caused by a spike in COVID-19 cases. DETROIT – Gamblers in Detroit will, unfortunately, be unable to partake in land-based…
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