Michigan: Sports betting and casino payments to schools top $2.5 billion

Michigan: Sports betting and casino payments to schools top $2.5 billion

Article brief provided by MI Bets
  • Jeff Edelstein, MI Bets
July 14, 2022 6:54 PM
  • Jeff Edelstein, MI Bets

    Cue Mike Myers as Dr. Evil putting his finger to his lip as he murmurs, “$2.5 billion dollars.”

    In this case, however, it’s the Michigan Gaming Control Board (MGCB) shouting at that number, as it marks the total amount in taxes the agency has doled out to Michigan’s School Aid Fund in the last 25 years. All that money – collected from the trio of Detroit casinos, internet gaming, sports betting, and fantasy contests – has gone to the fund that helps support K-12 education in the state.

    “Dollars invested in education are critical to the development of Michigan’s future workforce,” Henry Williams, MGCB’s executive director, said in a press release announcing the hitting of the historic figure.