Michigan has just published July’s report of the total iGaming revenue for the month of July 2023 – featuring a $176.1M – a 4% increase from last June’s $169.3M.
The revenue is inclusive of online casinos and sports betting activity.
An overall increase in PYTD
The increase is more evident when comparing revenue with last year, showing an 18% up-curve revenue from last year to date.
Giving back to the state. This month alone, the state of Michigan was paid $29.8M in taxes – with the biggest contributor being iGaming with $28.7 M and sports providing $1.1M.
Also, land-based casinos in Detroit gave back $7.6M in taxes and municipal fees. These stemmed from the three popular casinos in the area – Hollywood Casino at Greektown, MGM Grand Detroit and Motorcity.
Gaming societal contribution in Canada
With 2022 recording over 9 billion Canadian dollars in revenue, Canada’s casino market is a big contributor to the economy, with provinces like Saskatchewan, where online casino operators and land-based casinos give millions of dollars back to the community to fund communal projects such as public spaces, schools and community facilities.
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