{"id":252,"date":"2024-06-26T01:06:16","date_gmt":"2024-06-25T22:06:16","guid":{"rendered":"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/26\/michigan-online-gambling-revenue-reaches-record-high-in-march\/"},"modified":"2024-06-26T01:06:16","modified_gmt":"2024-06-25T22:06:16","slug":"michigan-online-gambling-revenue-reaches-record-high-in-march","status":"publish","type":"post","link":"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/26\/michigan-online-gambling-revenue-reaches-record-high-in-march\/","title":{"rendered":"Michigan Online Gambling Revenue Reaches Record High in March"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/TlSI-dK2oiQ\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Michigans digital gaming providers brought in a total of $275.1 million in income during March, setting a new high for 2024 so far.<\/p>\n<p>Michigans sports wagering and online gambling operators collectively generated $257.1 million in revenue in March, a 17.7% increase from February&#8217;s $218.5 million and a 12.0% rise from January&#8217;s $229.6 million. The state&#8217;s March revenue also climbed 18.8% compared to the same period last year.<\/p>\n<p>Michigan launched online gambling in January 2021, and March was the state&#8217;s busiest month for digital gaming. Online gambling revenue reached $215.5 million in March, surpassing the prior record of $188 million 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 $30.5 million in February. Additionally, total online sports betting activity in March rose 19.3% from February to $480.4 million.<\/p>\n<p>In March, the adjusted gross revenue (AGR) for online gambling and online sports betting totaled $221.1 million. Online gambling accounted for $194.5 million of the total, a 14.9% increase from February, while online sports betting operators generated $26.7 million, more than double the $12.9 million from the previous month.<\/p>\n<p>While online gambling AGR increased 25.8% year-over-year in March, sports betting AGR declined 15.2% year-over-year. <\/p>\n<p>Michigans internet betting earnings reached a peak of $2.3 billion in 2023, but based on current patterns, the state is anticipated to surpass that figure by roughly $500 million in 2024.<\/p>\n<p>Michigans online gambling operators have already gathered $705.2 million in earnings so far this year, and the state is on course to exceed $2.8 billion in revenue in 2024.<\/p>\n<p>Michigan is profiting from the achievement of its online gambling, with operators reporting $41.1 million in taxes and payments to the state in March.<\/p>\n<p>Earlier this month, Detroit&#8217;s three commercial casinos reported $123.9 million in revenue for March. This represents a 3.9% increase from the same period last year.<\/p>\n<p>March&#8217;s revenue figures were 18.5% higher than February, with $122.3 million coming from slot machines and table games.<\/p>\n<p>March&#8217;s retail sports betting Qualified Adjusted Gross Revenue (QAGR) was only $1.6 million, although this was a 13.2% increase from the same period last year.<\/p>\n<p>MGM Grand Detroit led the three commercial casinos with a 46.0% market share in March. MotorCity Detroit came in second with a 31.0% market share, while Greektown Casino-Hotel had a 23.0% share.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michigans digital gaming providers brought in a total of $275.1 million in income during March, setting a new high for 2024 so far. Michigans sports wagering and online gambling operators collectively generated $257.1 million in revenue in March, a 17.7% increase from February&#8217;s $218.5 million and a 12.0% rise from January&#8217;s $229.6 million. The state&#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 Gaming 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:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/26\/michigan-online-gambling-revenue-reaches-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 Online Gambling Revenue Reaches 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:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/26\/michigan-online-gambling-revenue-reaches-record-high-in-march\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Experience Top-Notch Online Casino Gaming | Licensed &amp; Secure\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-25T22:06:16+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:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/26\/michigan-online-gambling-revenue-reaches-record-high-in-march\/\",\"url\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/26\/michigan-online-gambling-revenue-reaches-record-high-in-march\/\",\"name\":\"Michigan Gaming Hits Record High in March\",\"isPartOf\":{\"@id\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-25T22:06:16+00:00\",\"dateModified\":\"2024-06-25T22:06:16+00:00\",\"author\":{\"@id\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Michigan\",\"breadcrumb\":{\"@id\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/26\/michigan-online-gambling-revenue-reaches-record-high-in-march\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/26\/michigan-online-gambling-revenue-reaches-record-high-in-march\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/26\/michigan-online-gambling-revenue-reaches-record-high-in-march\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Michigan Online Gambling Revenue Reaches Record High in March\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/\",\"name\":\"Experience Top-Notch Online Casino Gaming | Licensed &amp; Secure\",\"description\":\"Dive into the thrilling world of online gambling with our fresh casino news, detailed game reviews, and informative articles. 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