The comprehensive report for July 2023 indicates that Michigan's total iGaming revenue reached an impressive $176.1 million, reflecting a 4% increase compared to June's total of $169.3 million.
This revenue encompasses both online casino operations and sports betting activities conducted within the state.
An overall increase in PYTD
When analyzing the revenue data for this month against the same time frame last year, the increase becomes even more pronounced, showcasing an 18% rise in earnings year-over-year.
For the month of July alone, Michigan collected $29.8 million in tax revenue, with the bulk of this amount—$28.7 million—originating from iGaming, while sports betting contributed $1.1 million.
Additionally, brick-and-mortar casinos in Detroit contributed $7.6 million in taxes and local fees, with this financial support coming from the three prominent casinos in the region: Hollywood Casino at Greektown , MGM Grand Detroit , and MotorCity.
The societal impact of gaming in Canada is significant.
In 2022, Canada's casino industry generated over 9 billion Canadian dollars in revenue, playing an essential role in the economy. Regions like Saskatchewan benefit as online casino operators and others supply substantial funds to support community initiatives such as parks, educational institutions, and local facilities.land-based casinos Discover the Latest Articles at CanadaCasino.ca
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