GRAND RAPIDS, me. (WOOD) – According to state regulators, 11 casinos made around $ 42.7 million gambling online in the first 10 days that were allowed in Michigan.

Internet gaming and sports betting opened in Michigan on January 22nd. By the end of the month, the casinos and their online platform partners had $ 29.4 million in games and $ 13.3 million in sports betting.

While the profit on sports betting was $ 13.3 million, operators said roughly $ 115.2 million flowed through their hands in the 10 days.

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According to the Michigan Gaming Control Board, the state posted $ 4.4 million in online gaming tax revenue in January alone: ​​$ 4.3 million in internet gaming and $ 111,696 in sports betting.

The three Detroit casinos also paid the city in taxes of $ 1,379,073.

Tax revenue distribution diagram

“Internet gaming operators have got off to a good start in Michigan,” said MGCB managing director Richard S. Kalm in a statement on Wednesday. “The taxes and payments from online games will fund K-12 students who fund the city of Detroit and Michigan tribal communities.”

Online games and sports betting are expected Generate tax revenue of around $ 90 million for Michigan in the first year alone. At the end of January, 11 casinos were authorized to operate online gambling. another was added this week for a total of 12.

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