In total, all internet gaming operators paid $289,243,842.38 in taxes to the state of Michigan last year. The state that earned the most from online casinos was Pennsylvania, bringing in over $1.3 billion for the year 2022. Taxes Paid By Online Casinos By State In 2022 State The taxes collected are usually based on a flat rate applied to online casino companies’ revenue. The states of Michigan, New Jersey, Pennsylvania, and West Virginia all have legal online casinos.
State Revenue From Online Casino Companies How much money does the online casino industry actually make for states? Who benefits from that revenue? has analyzed the data over the past year and the answers are here. As sports betting has been proven to boost states’ tax coffers it raises a new question that has to be asked.
Many states have already legalized online sports betting and are now considering the natural next step of legalizing interactive gaming, i.e., a form of online casino gambling. Each of these states’ economies benefits significantly from the taxes that these online casinos pay. However, there are only a few states that have legal online casinos. The popularity of online gambling has skyrocketed across the United States in recent years.
