{"id":267,"date":"2024-06-27T16:19:36","date_gmt":"2024-06-27T13:19:36","guid":{"rendered":"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/27\/michigan-internet-gambling-revenue-hits-record-high-in-march\/"},"modified":"2024-06-27T16:19:36","modified_gmt":"2024-06-27T13:19:36","slug":"michigan-internet-gambling-revenue-hits-record-high-in-march","status":"publish","type":"post","link":"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/27\/michigan-internet-gambling-revenue-hits-record-high-in-march\/","title":{"rendered":"Michigan Internet Gambling Revenue Hits Record High in March"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/FdWZI_ppymA\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Michigans internet gambling businesses saw a record-breaking $275.1 million in income in March, the highest amount so far in 2024.<\/p>\n<p>Michigans sports wagering and online gambling operators generated a combined $275.1 million (equal to \u00a3206 million\/\u20ac241.4 million) in revenue in March, the highest figure so far in 2024.<\/p>\n<p>This represents a 17.7% rise from February&#8217;s $218.5 million and a 12.0% increase from January&#8217;s $229.6 million. The state&#8217;s March revenue also saw a year-over-year increase of 18.8%.<\/p>\n<p>Michigan launched online gambling in January 2021, and March was its most successful month for internet gambling. Online gambling revenue reached $215.5 million in March, exceeding the previous record of $188 million set in February.<\/p>\n<p>Meanwhile, sports betting contributed $41.9 million to the month&#8217;s total revenue in March, a 37.4% increase from February&#8217;s $30.5 million. Additionally, total online sports betting handle in March was 19.3% higher than in February, reaching $480.4 million.<\/p>\n<p>In March, the adjusted gross revenue (AGR) for online gambling and online sports betting was $221.1 million. Of this, online gambling accounted for $194.5 million, a 14.9% increase from February, while online sports betting operators contributed $26.7 million, more than double the $12.9 million from the previous month.<\/p>\n<p>While online gambling AGR saw a year-over-year increase of 25.8% in March, sports betting AGR declined by 15.2% year-over-year. <\/p>\n<p>Michigans internet gambling income reached a high point of $2.3 billion in 2023, but based on present trends, the state is anticipated to exceed that figure by $500 million in 2024.<\/p>\n<p>Michigans online gambling operators have collected $705.2 million in income thus far this year, and the state is on course to break the $2.8 billion income mark in 2024.<\/p>\n<p>Michigan has gained significantly from the success of its online gambling, with operators reporting $41.1 million in taxes and fees paid to the state in March.<\/p>\n<p>Earlier this month, Detroit&#8217;s three commercial casinos reported $123.9 million in income for March. This represents a 3.9% increase from the same period last year.<\/p>\n<p>March&#8217;s income figures were 18.5% higher than February, with $122.3 million coming from slot machines and table games.<\/p>\n<p>Retail sports betting&#8217;s Qualified Adjusted Gross Receipts (QAGR) for March was only $1.6 million, although this was a 13.2% increase from the same period last year.<\/p>\n<p>MGM Grand Detroit had the largest market share in March at 46.0%, followed by MotorCity Detroit at 31.0% and the Greektown Casino at 23.0%.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michigans internet gambling businesses saw a record-breaking $275.1 million in income in March, the highest amount so far in 2024. Michigans sports wagering and online gambling operators generated a combined $275.1 million (equal to \u00a3206 million\/\u20ac241.4 million) in revenue in March, the highest figure so far in 2024. This represents a 17.7% rise from February&#8217;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Michigan Gambling Hits Record High in March<\/title>\n<meta name=\"description\" content=\"Michigan\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/27\/michigan-internet-gambling-revenue-hits-record-high-in-march\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Michigan Internet Gambling Revenue Hits Record High in March\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Michigan\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/27\/michigan-internet-gambling-revenue-hits-record-high-in-march\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Immerse Yourself in a World of Licensed Online Casino Thrills\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T13:19:36+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/27\/michigan-internet-gambling-revenue-hits-record-high-in-march\/\",\"url\":\"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/27\/michigan-internet-gambling-revenue-hits-record-high-in-march\/\",\"name\":\"Michigan Gambling Hits Record High in March\",\"isPartOf\":{\"@id\":\"https:\/\/islandreelsnodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-27T13:19:36+00:00\",\"dateModified\":\"2024-06-27T13:19:36+00:00\",\"author\":{\"@id\":\"https:\/\/islandreelsnodepositbonuscodes.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Michigan\",\"breadcrumb\":{\"@id\":\"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/27\/michigan-internet-gambling-revenue-hits-record-high-in-march\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/27\/michigan-internet-gambling-revenue-hits-record-high-in-march\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/islandreelsnodepositbonuscodes.icu\/2024\/06\/27\/michigan-internet-gambling-revenue-hits-record-high-in-march\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/islandreelsnodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Michigan Internet Gambling Revenue Hits Record High in March\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/islandreelsnodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/islandreelsnodepositbonuscodes.icu\/\",\"name\":\"Immerse Yourself in a World of Licensed Online Casino Thrills\",\"description\":\"Unleash your gambling potential with the help of our latest casino news, game reviews, and informative articles. 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