Michigan continues to show improvement across tax revenue generation, boasting a 5.9% increase in net lottery revenue and major taxes from October 2024.
Net income tax revenue was the highest performer, generating $1.1 billion, which represented a 14.9% increase on the previous year’s total. While sales tax receipts recorded a 2.5% increase on their year-on-year total, the $916.5 million generated was slightly below the forecasted level.
The use tax collections of $263.6 million not only showed a 10.6% year-on-year increase, but it was also almost $28 million over their projected level.
The state’s gambling industry has been a key component in tax generation in recent years, and being one of the few states to offer licensed online casino gaming has helped. Online gambling specialist Jov

9&10 News

CBS News
Reuters US Business
104FM WIKY
Omak Okanogan County Chronicle
NewsNation Politics
Major League Soccer
Joplin Globe Sports
NFL Cleveland Browns