{"id":4976,"date":"2021-11-23T13:57:03","date_gmt":"2021-11-23T13:57:03","guid":{"rendered":"https:\/\/www.top10casinowebsites.net\/news\/?p=4976"},"modified":"2021-11-23T13:57:34","modified_gmt":"2021-11-23T13:57:34","slug":"michigan-reports-new-online-casino-tax-record-in-october","status":"publish","type":"post","link":"https:\/\/www.top10casinowebsites.net\/news\/michigan-reports-new-online-casino-tax-record-in-october\/","title":{"rendered":"Michigan Reports New Online Casino Tax Record In October"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/12\/michigan.jpg\" alt=\"Michigan\" title=\"Michigan Reports New Online Casino Tax Record In October\" width=\"300\" class=\"alignright size-full wp-image-4047\" \/><strong>Summary<\/strong><\/p>\n<ul>\n<li>Michigan reports new record for online casino gaming tax<\/li>\n<li>iGaming generated $20.3 million in gaming taxes during October<\/li>\n<li>Sports betting tax revenue also helps boost overall taxes in Michigan<\/li>\n<\/ul>\n<p>The <a href=\"https:\/\/www.michigan.gov\/mgcb\/0,4620,7-351-79131_57111-572644--,00.html\">Michigan Gaming Control Board (MGCB) recently released a report<\/a> which shows that online casino games and sports betting is thriving in the state. The gambling regulator said that <strong>online casino and sports betting generated a total of $20.8 million<\/strong> in combined taxes during October.<\/p>\n<h2>iGaming Sets Third Consecutive Monthly Record<\/h2>\n<p>The MGCB reported that that this was the third consecutive month that tribal and commercial online gaming operators have set a new record for combined online casino gaming revenues. The total iGaming revenue generated in October hit $109.7 million which was a 7.1 percent increase when compared to Sep 2021.<\/p>\n<p>After taking into consideration, casino promotions and free bonus offers, the total online casino revenue generated in October comes up to $98.9 million. Online casino gaming generated a total of $20.3 million in gaming taxes for Michigan, bringing its total contribution in <a href=\"https:\/\/www.top10casinowebsites.net\/games\">online casino games<\/a> taxes to $220.8 million in 2021.<\/p>\n<p>Michigan has also benefitted from its sports betting market which continues to do well with every passing month.<\/p>\n<p><strong>WXYZ-TV Detroit | Channel 7<\/strong><\/p>\n<div style=\"position:relative;height:0;padding-bottom:56.25%\">\n<iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/NTd1tAc9ynk?rel=0&amp;showinfo=0?ecver=2\" width=\"640\" height=\"360\" frameborder=\"0\" style=\"position:absolute;width:100%;height:100%;left:0\" allowfullscreen><\/iframe>\n<\/div>\n<p>&nbsp;<\/p>\n<h2>Sports Betting Revenues Continue To Grow <\/h2>\n<p><a href=\"https:\/\/www.legalgamblingandthelaw.com\/news\/michigan-online-gaming-industry-will-go-live-from-friday\/\">Sports betting went live in Michigan<\/a> in Jan 2021 and has continued to do well with every passing month. Now that the NBA and NFL season is underway, sports bets continue to come in on a consistent basis which is one of the reasons why the sports betting market is thriving in Michigan.<\/p>\n<p>Michigan sports betting regulations allows sports betting operators to accept bets on both professional and collegiate sports. The previous monthly sports betting record was set in March 2021, when a total of $359.5 million came in. Online sports betting revenues in September smashed this record as a total of $463.3 million in wagers came in, which was an increase of 30.8 percent.<\/p>\n<p>When you take into consideration the additional $34.2 million in bets that came in via retail sportsbooks, the total revenue generated by sports betting came up to $497 million. Online sportsbooks continue to do well as Michigan bettors have shown a preference for online and mobile betting over retail betting.<\/p>\n<p>PlayUSA.com Network analyst <strong>Eric Ramsey<\/strong> said that sports betting goes up and down depending on the sports season but online casino has turned out to be rather consistent for Michigan. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary Michigan reports new record for online casino gaming tax iGaming generated $20.3 million in gaming taxes during October Sports betting tax revenue also helps boost overall taxes in Michigan The Michigan Gaming Control Board (MGCB) recently released a report which shows that online casino games and sports betting is thriving in the state. The [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,11,8],"tags":[],"class_list":["post-4976","post","type-post","status-publish","format-standard","hentry","category-industry","category-legislation","category-usa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Michigan Reports New Online Casino Tax Record In October<\/title>\n<meta name=\"description\" content=\"The MGCB recently released a report which shows that online casino games and sports betting is thriving in the state.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.top10casinowebsites.net\/news\/michigan-reports-new-online-casino-tax-record-in-october\/\" \/>\n<meta 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