Posts Tagged ‘Revenue’
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 MoreDeadwood Casinos See 20% Increase In October Gaming Revenue
Deadwood Casinos increased their October revenue by 20.54% year-over-year from the previous year’s October. 20% of this revenue increase is from the addition of sports betting to the casino’s offerings. LAS VEGAS – The Deadwood casinos in South Dakota saw huge growth in their October gaming revenue, much of which is due to the recent…
Read MoreIllinois Sees Sports Betting Handle And Revenue Dip In May
Sportsbooks in Illinois saw $507.3 million wagered on sports in May. This is a 5.6% decline month over month. Sports betting revenue is also down a whopping 17%. SPRINGFIELD, Ill. – Sportsbooks in Illinois saw a slight decline in sports betting activity in May compared to April’s strong numbers. Sports betting revenue is also down…
Read MoreNew Jersey Captures Nearly $300M In Sports Betting Revenue For 2019
The sports betting revenue for New Jersey during December is around $29.5 million. The numbers for sports betting revenue is slightly down compared to November. The yearly revenue for 2019 is much higher when you compare it to 2018. TRENTON, N.J. – The state of New Jersey has generated almost $300 million in sports betting…
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