Online Sports Betting Via Grand Traverse Band Doubled In March
April 23, 2021
Online sports gambling reached $10.99 million in the month of March via the Grand Traverse Band of Ottawa & Chippewa Indians, more than double what was wagered in February, according to data from the Michigan Gaming Control Board. The record amount was despite the fact that the Super Bowl -- traditionally the biggest sports betting event of the year -- took place in February.
Online sports gambling became legal in Michigan earlier this year. The Grand Traverse Band began its online gaming operations on January 22 with its partner, William Hill US, an international gaming company.
The Grand Traverse Band made $1.03 million in gross receipts from that amount wagered in March, and adjusted gross receipts of $127,114 for the month after promotions and other costs.
Tribal gaming operators in Michigan pay an 8.4 percent tax to the state based on adjusted gross sports betting receipts, meaning The Grand Traverse Band made a $10,667 payment to the State of Michigan for March.
Comment
City Eyes Next Steps for Complete Streets, Bijou/Carnegie Buildings
Read More >>Toy Store Trouble Ahead?
Read More >>East Bay Township Updates: Safe Routes to School/Three Mile Trail, Holiday Woodlands, CIA
Read More >>'Nowhere Else to Go': How Northern Michigan's Senior Housing Shortage Is Exacerbating Every Other Market Hurdle
Read More >>
Garfield Township Approves Shell Redevelopment, New YouthWork Headquarters
Read More >>TCPD Opens New Substation on State Street
Read More >>New Korean BBQ Restaurant Opening in Warehouse District; More Restaurant, Retail News
Read More >>Garfield Township Man Arrested After Impregnating Teen Daughter
Read More >>Resolution For Hotel Tax Amendment Gets Support Of Four City Commission Candidates
Read More >>Green Lake Township Man Arrested for Child Sexual Abuse Material
Read More >>