Michigan Gaming Revenue Hits Record $501M, Boosting State Education Fund

Michigan Gaming Revenue Hits Record $501M, Boosting State Education Fund

By Michael Harrison

January 2, 2025 at 06:46 PM

Michigan's gaming industry generated $501.4 million in tax revenue for the state in 2024, marking a record-setting year for both commercial and tribal gaming operations. The majority of these funds benefit the Michigan School Aid Fund, supporting K-12 public education.

Detroit casinos: MotorCity, MGM, Greektown

Detroit casinos: MotorCity, MGM, Greektown

Revenue breakdown by sector:

  • Detroit's three brick-and-mortar casinos: $99.8 million
  • Retail sports betting: $655,000
  • Online gaming (including tribal partnerships): $388.5 million
  • Mobile sports betting: $12.9 million
  • Fantasy sports: $297,000

Michigan now ranks as the fourth-largest commercial gaming state in the U.S., behind Nevada, New Jersey, and Pennsylvania. The state's significant growth is largely attributed to its regulated iGaming market, which is legal in only seven states.

Key fund allocations included:

  • First Responder Presumed Coverage Fund: $4 million
  • Agriculture Equine Industry Development Fund: $3.7 million
  • "Don't Regret the Bet" responsible gaming campaign: $3.75 million
  • Compulsive Gambling Prevention Fund: $3 million

Tax rates vary by gaming type:

  • In-person casino revenue: 8.1% state tax (plus 9.9% to Detroit)
  • Sports betting: 8.4% for commercial and tribal online books
  • Commercial online sportsbooks: 9.65%
  • Online gaming (commercial and tribal): 20-28% based on annual revenue

While the revenue supports various state programs, health professionals note increased concerns about problem gambling accessibility due to mobile gaming options. The state health agency has expanded efforts to provide resources and support for responsible gambling practices.

Related Articles

Previous Articles