Detroit casinos contributed $2.2 billion to School Aid Fund in past 20 years


(Photo by Christopher Furlong/Getty Images)

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Detroit, MI (WXYZ) — The Detroit commercial casinos have contributed more than $2.2 billion to Michigan’s School Aid Fund since 1999.

The state tax on Detroit commercial casino wagering – 8.1 percent of the casinos’ net win – supports statewide K-12 classroom education. Net win represents the casinos’ gross receipts less winnings paid to wagerers. The Detroit casinos also pay the City of Detroit a 10.9 percent wagering tax on net win.

“More than 20 years ago, Michigan lawmakers created a system for the Michigan Gaming Control Board to monitor the transfer of taxes from the casinos every weekday to the State School Aid Fund to benefit public education,” said Richard S. Kalm, executive director, MGCB. “The casino tax revenue provides strong support for one of government’s primary duties: the education of our youngest citizens.”

In 2018, the casinos paid $117 million in wagering taxes to the State of Michigan to help fund education. This year through June, the casinos have paid $59.6 million in wagering taxes to the state.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Trademark and Copyright 2021 Cable News Network, Inc., a Time Warner Company. All rights reserved.

Most Popular

Fun Winter Activities

Home for the Holidays

More Home for the Holidays

Latest News

More News