Posts Tagged ‘Michigan’
Michigan 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…
Read MoreGreektown Casino to Host Barstool Sportsbook Inside The Casino
Barstool sportsbook is set to go live in Greektown Casino in Detroit only weeks after launching a mobile sportsbook in Pennsylvania The sportsbook will attract many bettors to the casino because of its well know brand. The Barstool brand will set the retail sportsbook as the state waits for online sports betting and recovers from…
Read MoreOnline Gambling in Michigan Stalled By FBI Due To New Demands
Michigan began accepting online gaming licenses from suppliers in May as online gambling was progressing. The FBI is now holding up the progression due to the fingerprinting of applicants for licenses. Michigan Gaming Control Board executive director Richard Kalm still expects online gambling to launch in 2020. LANSING, Mich. – The Michigan Gaming Control Board…
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