H12022 Online Gambling Revenue Suggests Michigan Soon to Surpass New Jersey
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Michigan is on the way to surpassing New Jersey in terms of profits from online gambling. H12022 Online Gambling Revenue Suggests Michigan Soon to Surpass New York.
New Jersey made $814,519,523 for the first half of 2022. Michigan made a profit of $757,024,184 for that period. Online gambling has been legal in New Jersey since November 2013. In Michigan it will be legal from January 2021. The difference in revenue between New and Michigan per capita is $12.58.
In March New Jersey made a profit of $140,655,053. Michigan made $132,438,011. The last two months of May and June saw a decline in revenue for both states. Vacation time and the quiet sportsbook calendar are also contributing to the decline.
