MGCB generates more than $501.4m for Michigan’s School Aid Fund in 2024
$400.9 million came from online gaming wagering taxes.
Key Points
- Funds have gone towards a number of initiatives in the state
- 206 illegal machines removed, and six cease-and-desist letters sent out in 2024
The Michigan Gaming Control Board (MGCB) has reflected on its contributions to the state’s economy and public welfare in 2024, while also highlighting its efforts to combat illegal gambling.
In total, $501.4m went to the state’s School Aid Fund, with $100.5m coming from casino wagering taxes such as table games, slot machines and retail sportsbooks; while the other $400.9m came from online gaming wagering taxes, such as iGaming, online sports betting and fantasy contests.
On top of this, tax collections by the MGCB went to a number of other causes supporting public safety, helping with responsible gaming initiatives, going towards the agricultural and equine sectors, and assisting with the agency’s “Don’t Regret the Bet” campaign (which won an Emmy).
Looking specifically at Detroit, commercial casinos paid $264.8m in City of Detroit wagering taxes in 2024.
With regards to combatting illegal gambling, the MGCB removed 206 illegal machines and issued six cease-and-desist letters during the course of the year, underlining the help given by citizens of Michigan in these efforts.
Good to know: Michigan became the first state to issue a cease-and-desist letter to Bovada
MGCB Executive Director Henry Williams said, “As we look back on another successful year, I am proud of the significant impact the Michigan Gaming Control Board continues to have on our state and its residents.
“From supporting education and first responders to tackling illegal gambling, the MGCB remains steadfast in its mission to protect consumers and enhance the public good.
“Our success this year reflects the dedication and hard work of our team, as well as the trust and collaboration of the communities we serve. We are committed to ensuring that Michigan’s gaming industry continues to thrive in a responsible and sustainable manner.”
This week has also seen the MGCB report on the state’s iGaming and online sports betting financial figures for November, with total revenue reaching $284.3m.
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