The Michigan Gaming Control Board (MGCB) reports that 2024 was a record-setting year for its commercial and tribal gaming industries. Detroit’s MotorCity, MGM Grand, and Hollywood at Greektown, along with online casinos and sportsbooks, delivered Michigan more than a half-billion dollars in 2024 state tax revenue. Most of the gaming tax benefit goes to support K-12 public education. (Image: Casino.org) The gaming regulator says the state benefited to the tune of more than half of a billion dollars from the three brick-and-mortar casinos in Detroit, retail and online sports betting, iGaming, and fantasy sports. The MGCB collected $501.4 million primarily for the Michigan School Aid Fund, which benefits K-12 public education. MGM Grand Detroit, MotorCity, and Hollywood Casino at Greektown accounted for $99.8 million of the state gaming tax receipts. Retail sports betting at the three casinos added about $655K. Online gaming, which includes revenue from tribal casinos that have iGaming partnerships with commercial operators, generated almost $388.5 million in… Read More
Category: Commercial Gaming, #MGM, casino tax, Detroit, gaming taxes, Hollywood Greektown, iGaming, Michigan, MotorCity, sports betting
Source: Casino.org
