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State revenues earned from various forms of legalized gambling has declined in recent years, in part because of increased competition.
That’s according to a report from the Nelson Rockefeller Institute of Government at the State University of New York.
The report said 47 states allow some form of legal gambling and revenues dropped in 27 of the states, including Michigan. According to the report, total revenues in the state fell by more than $11 million to just over $1 billion.
Of the five sources of gambling studied, Michigan allowed three: the lottery, casinos, and pari-mutuel betting. The study also looked at revenues from so-called racinos, which are race tracks that allow slot machines and other gambling, and video gaming, which are not permitted in Michigan.
The report said the biggest drop in Michigan was in casino tax revenues, which fell by more than $9 million, to $264 million from $273.3 million between fiscal year 2013-14 and fiscal year 2014-15.
