Michigan is betting big on online gambling. We are now No. 1

The state already takes in twice as much, and Iden now projects that tax revenue could exceed half a billion dollars by 2026.

“I think this is real revenue that will go to kids in classrooms,” said Iden, who left the Legislature in 2020 and now works for the gaming company Fanatics Betting and Gaming. “It makes real money very quickly.”

Overall, Michigan, the 10th most populous state, is now ranked 5th in commercial gambling. According to the AGA, these include internet gaming, internet and casino sports betting and casino gaming.

Only Nevada, New Jersey, Pennsylvania and New York had higher total gambling revenue than Michigan at $3.6 billion.

Michigan has long allowed gambling at Detroit’s three casinos and other tribal-run facilities across the state.

With the expansion of internet gambling and sports betting, overall revenue from the gambling business has increased, and Michigan has also seen record sales in the lottery business recently, with sales topping $5 billion in 2021 before falling last year decreased slightly.

The biggest change, however, has been the introduction and explosion of internet gaming.

Users download the apps from various websites such as Fanduel, DraftKings and Fanatics, which are affiliated with the state’s casinos. You can only gamble in Michigan – once a device leaves the state, the operator can detect it based on the phone’s location and block bets.

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