Michigan Sports Betting Revenue. Mgm also leads in overall casino revenue. Tax rate on sportsbook operators:
New jersey taxes retail sports betting at 9.75%, and online sports betting at 13%. The big winners the mgm grand detroit finished top of the pile in terms of sports betting revenue. As for overall casino revenue, mgm grand detroit set the standard with $36.1 million in revenue.
Motorcity casino had $32.1 million, and greektown.
It boggles the mind to think the us supreme court issued its ruling on the professional and amateur sports protection act (paspa) a little more than two years ago. The michigan gaming control commission recently started accepting license applications for both online gambling and online sports betting. The tax rates levied on sports betting revenue puts michigan in position as one of the most competitive us states in that category. Additionally, there are two division i schools that have been highly successful in both football and basketball historically.