Jersey Lilly Ingomar

Main Menu

  • New Jersey
  • Newark Airport
  • New Jersey Unemployment
  • New Jersey Lottery
  • Banking

Jersey Lilly Ingomar

Header Banner

Jersey Lilly Ingomar

  • New Jersey
  • Newark Airport
  • New Jersey Unemployment
  • New Jersey Lottery
  • Banking
New Jersey Lottery
Home›New Jersey Lottery›Michigan joins Nevada, New Jersey and Delaware for shared iGaming liquidity

Michigan joins Nevada, New Jersey and Delaware for shared iGaming liquidity

By Thelma J. Carter
April 7, 2022
0
0

Michigan State has now been admitted to the Multi-State Internet Gaming Association (MSIGA)the Nevada Gaming Control Board announced Wednesday. The Multi-State Internet Gambling Agreement was first entered into by Nevada and Delaware in 2014 to share cash between customers participating in legal forms of iGaming within the geographic boundaries of the jurisdictions.

Michigan’s entry into the Multi-State Internet Gaming Association is contingent on the state fully executing the agreement. The Great Lakes State will become the fourth member of the association: in 2017, New Jersey became the third party to the agreement, expanding the association’s shared liquidity to full online casino games..

“The Multi-State Internet Gaming Association welcomes Michigan to its ranks, along with its nearly 10 million residents, who can now enjoy a full range of interactive games among Association member states,” said Rebecca Satterfield, Association Director. and the Internet Gaming Manager for the Delaware Lottery. “The Association continues to be forward-thinking and welcomes the interest of other gaming jurisdictions in becoming parties to the Accord.”

The Association, a Delaware corporation, administers the affairs of member states that are parties to the Multistate Internet Gaming Agreement. Currently, Michigan and Nevada offer online poker to member states, while Delaware and New Jersey offer a full range of online games..

PRESS RELEASE: The Multi-State Internet Gaming Association announces the entry of the State of Michigan as a party to the Multi-State Internet Gaming Agreement. More here: pic.twitter.com/Gw1o70g8rU

— Nevada Gaming Control Board (@NevadaGCB) April 6, 2022

The agreement was originally signed to allow poker players from Delaware and Nevada, who were previously required to be physically within state borders to play, to meet and compete against players from one state while remaining in the other.. Other jurisdictions also have the option to join, provided they approve online gambling in their state.

The agreement created the Multi-State Internet Gaming Association and the Multi-State Internet Gaming Board to govern the MSIGA.. Each member state elects a representative to the board, which is responsible for approving new members, games, and changes to the original agreement.

The MSIGA has now welcomed a new member who has reported very positive results so far in their online gaming efforts. Michigan’s online sportsbooks and casinos brought in around $4 billion in sports betting and over $1 billion in gross gaming revenue from iGaming in 2021, their first year operations, a start among the best in the history of the United States.

Over the past year, the Michigan books generated $3.97 billion in combined online and retail betting, $319.5 million in gross revenue and $13.6 million in state taxes. . In terms of online casinos and poker rooms, the state at the time became the third in US history to generate over $1 billion in annual revenue. -and the first to do so in its first year- after generating $121.8 million in gross gaming revenue in December.

“It took time for online sports betting to really take off, but online casinos have thrived from the very beginning,” said Eric Ramsey, an analyst for the PlayUSA.com network, in January. “Not many people saw Michigan hit $1 billion in revenue in the first year, especially since no state had ever reached that level before. To do it in the first year was impressive, creating a significant flow of tax revenue from the state along the way.”

Related posts:

  1. Devils win without solid underlying numbers
  2. Coronavirus in N.J.: What’s reopened, what concerts, festivals and shows are rescheduled, canceled. (May 5, 2021)
  3. The 38th edition of the New Jersey Lottery Festival of Ballooning will take place July 23-25
  4. NJ Lottery Pauses Playback of Fast Play Games Due to Problem

Recent Posts

  • Massachusetts ranked among worst states for property taxes
  • More Crumbl Cookies are coming to New Jersey
  • Draft Lottery By the Numbers presented by Betway
  • Amateur star Anthony Johns ready to ‘shake the building’ in Newark comeback fight
  • BofA seeks to end NJ virus benefit recipient fraud lawsuit

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021

Categories

  • Banking
  • New Jersey
  • New Jersey Lottery
  • New Jersey Unemployment
  • Newark Airport
  • Terms and Conditions
  • Privacy Policy