October 25, 2021 Poker Industry, Poker News Lars

Michigan sets a new online gaming revenue record with $102.4 Million

The Michigan online gaming revenue passed a key milestone in September. As the Michigan Gaming Control Board reported this week, the iGaming industry has been generating more than $100,000,000 in income for the first time in history!

Michigan sets a new online gaming revenue record with $102.4 million

$102.4 Million in online gaming revenue in Michigan

A new all-time record has been set in the Wolverine State according to the Michigan Gaming Control Board (MGCB). Michigan generated $102,400,000 in online gaming revenue surpassing the old record by 5.35%:

The previous benchmark was $97.2 million and was only reached in August and now already been topped the next month,

Online poker is booming in Michigan

This indicates that both online gaming and online poker is absolutely booming in Michigan.

It is important to note that this fantastic result was reached with only two online poker sites: BetMGM, which belongs to the partypoker network and PokerStars have an online poker licence yet.

More online poker sites expected to join the lucrative market soon

BetMGM, whose online poker room, is a skin of partypoker saw another big increase in September and continues to lead Michigan online gaming gross revenue with $40,500,000.

Michigan sets a new online gaming revenue record with $102.4 million

The site made headlines by signing poker superstar Darren Elias as brand ambassador. Since that they have added several high value poker promotions such as the BetMGM online series with a $50,000 GTD Main Event.

And it shows as they significantly widened the gap to their competitor PokerStars.

Stars tries to counter this trend by running the $250,000 GTD Michigan Classic, which started on October 24th.

More online poker sites expected to join the lucrative market soon

Given the great profits made by both BetMGM and PokerStars since their launch, it’s very likely that other major online poker sites will enter the market soon.

888poker’s WSOP.com has already acquired a licence and is expected to launch any day now and we are sure that it won’t be much longer until GGPoker’s ClubGG will be available in Michigan too.

Check out Legal US Poker section for state-based poker news and the latest updates on US poker laws and regulation in your state of residence.

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