Michigan Gaming Revenue Hits Record $501M, Boosting School Aid Fund in 2024

Michigan Gaming Revenue Hits Record $501M, Boosting School Aid Fund in 2024

By Michael Thompson

January 2, 2025 at 06:46 PM

Michigan's gaming industry generated record-breaking tax revenue of $501.4 million in 2024, primarily benefiting the state's School Aid Fund for K-12 public education.

Detroit's three commercial casinos - MGM Grand Detroit, MotorCity, and Hollywood Casino at Greektown - contributed $99.8 million in tax receipts, while retail sports betting added $655,000.

Detroit casinos: MotorCity, MGM, Greektown

Detroit casinos: MotorCity, MGM, Greektown

Online gaming, including tribal casino partnerships, generated $388.5 million in state taxes. Mobile sports betting contributed an additional $12.9 million, and fantasy sports provided $297,000 in tax revenue.

Michigan ranks as the fourth-largest commercial gaming state, behind Nevada, New Jersey, and Pennsylvania. The state's recent growth has been driven by its expanding iGaming market, though some health professionals express concerns about increased problem gambling risks from mobile access.

Key funding allocations from gaming revenue include:

  • $4 million to First Responder Presumed Coverage Fund
  • $3.7 million to Agriculture Equine Industry Development Fund
  • $3.75 million to "Don't Regret the Bet" responsible gaming campaign
  • $3 million to Compulsive Gambling Prevention Fund

Tax rates vary by gaming type:

  • In-person casino revenue: 8.1% state tax (plus 9.9% to Detroit)
  • Sports betting: 8.4% for commercial and tribal online books
  • Commercial online sportsbooks: 9.65%
  • Online iGaming: 20-28% based on annual revenue

MGCB Executive Director Henry Williams emphasized the agency's commitment to protecting consumers while supporting education and first responders through gaming revenue.

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