Michigan 8th Nationally In Casino Economic Impact, Says AGA Study

Written By Drew Ellis on October 13, 2023 - Last Updated on October 16, 2023
Detroit Casino Revenue Drop

A new report from the American Gaming Association indicates that the casino gaming industry contributes $328.6 billion annually to the US economy.

Throughout the country, Michigan finds itself as a top-10 economic contributor in the study, responsible for an annual economic impact of $6.28 billion.

We know Michigan online casinos have been thriving, but its retail casinos continue to be one of the country leaders as well.

Michigan eighth in economic impact

Of all 50 states, Michigan sits eighth in overall economic impact, according to the AGA study.

StateNumber of CasinosJobs SupportedEconomic Impact
Nevada220410,456$55.96 billion
California85124,274$19.96 billion
Oklahoma14275,885$9.80 billion
Florida1554,142$7.55 billion
New York3125,784$6.55 billion
New Jersey939,007$6.45 billion
Pennsylvania1633,171$6.34 billion
Michigan2637,911$6.28 billion
Louisiana2440,919$6.13 billion
Washington3535,044$5.39 billion
All States1,0051.8 million$328.6 billion

The Michigan gambling statistics show that it is one of nine states that generates at least $6 billion in annual economic impact.

It would be hard for Michigan to compete against the likes of Nevada, California and Oklahoma, which have significantly more retail casinos available.

Michigan online casinos continue to add value

Though the focus of this study is on retail gaming, Michigan is also thriving when it comes to its online casino impact.

It’s $1.24 billion in online casino revenue generated through the first eight months of 2023 is less than $1 million behind New Jersey for second place in the US. Pennsylvania is leading the way with $1.34 billion on the year.

The online casino industry has also led Michigan to becoming the fastest state to reach $1 billion in tax revenue for the state.

Michigan was able to do that in 32 months from Jan. 22, 2021. Pennsylvania took 36 months to reach that mark.

In 2023 alone, online casinos in Michigan have generated $310.4 million in tax revenue for state and local entities.

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Drew Ellis

Drew Ellis is currently the Lead Writer of PlayILottery.com. He was the former Lead Writer of PlayMichigan, the No. 1 source for online gambling news in Michigan. A lifelong resident of the state, Ellis has been working in various forms of media since 1998, including more than a decade in the sports betting industry prior to transitioning into US casino markets in 2020.

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