Michigan racing industry funding spikes thanks to gaming expansion in 2021
| By Richard Mulligan
Michigan’s betting sector has quadrupled its contribution to the state’s horse racing industry through taxes during the first full year of expanded gaming.
The Michigan Agriculture Equine Industry Development Fund (AEIDF) saw $8.1m collected in taxes in 2021 on various forms of betting regulated by the Michigan Gaming Control Board (MGCB), including internet wagering and simulcast wagering on horse races, internet casino gaming and online sports betting.
Internet casino gaming and internet sports betting completed their first nearly full year of operation in 2021 after a 22 January launch.
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