My work as an analyst for MichiganSharp.com includes projecting what we can expect from Michigan’s legal online gambling industry.
The Wolverine State stands to evolve into one of the biggest online gambling markets in the US. The Michigan Gaming Control Board expects to launch online sports betting and casinos in early 2021.
Retail casinos operate in Michigan, but the state only recently expanded into legal sports betting, online casinos, and online poker.
Sports betting (both retail and mobile), along with online casinos, could bring in as much as $650 million in annual revenue in Michigan. That projected total would yield $93.6 million in annual tax revenue for the state.
Quoted in Michigan media outlets on revenue projections
Several media outlets recently quoted me about my online revenue projections for Michigan. Those outlets include dbusiness.com, which ran this article , and MLive.com, which ran this piece based on my analysis for MichiganSharp.
Michigan casinos were recently shut down for a second time due to COVID-19, with the latest shuttering beginning Nov. 18. I projected that Michigan’s Detroit-base commercial casinos are losing out $30 million in monthly revenue for each month online sports betting isn’t live.
A couple of Detroit media sites picked up on those projections. CBS Detroit ran this article, while dbusiness.com published this piece.