Michigan hits $253.7M GGR in October
Michigan, a state in the Great Lakes region of the Upper Midwest region of the United States, recorded a significant growth of $253.7 million in October's gross gaming...
Michigan to not change gaming taxes in 2025
Michigan, a state in the Great Lakes region of the Upper Midwest region of the United States, will not change the state’s tax framework for now.
Michigan is one of the most operator-friendly states for gambling and has highly competitive tax rates. This makes the state even more attractive for online casinos and sportsbooks.
However, earlier, Senators Sam Singh and Jeremy Moss introduced Bills 1193 and 1194, proposing slight changes in gambling taxes. SB 1193 proposed a slight 0.1% increase to the sports betting tax, raising it to 8.5%. Moreover, it also suggested raising the iGaming tax by 1% across all platforms, which currently ranges from 20% to 28%, depending on operator revenue.
In October 2024, Michigan reported a GGR of $253.7M, which was a significant increase when compared to the same month of 2023.
Meanwhile, SB 1194 aimed to adjust how gambling tax revenue is distributed. Currently, 65% supports the Internet Gaming Fund, 30% supports Detroit services, and 5% goes to Michigan’s agriculture industry. According to the bill, the percentages should be changed to 63.5%, 31%, and 5.5%, respectively.
Despite introducing slight changes, the bills failed to advance in 2024 as they did not get the necessary support to move forward and debut in 2025. However, Michigan’s gambling industry can still face some changes in the future.
DraftKings holds the crown with the highest jackpot of $6.5M
An American gambling company, DraftKings, offering sportsbooks and daily fantasy sports services, makes history in Michigan with the highest jackpot of $6.5 million.On...
