Betting in Michigan has been legal for close to four decades. To date, there are about 26 land-based casinos in the state. The state has over 765,000 small businesses which have employed close to 210,000 employees.
Businesses in the state are interdependent, where one type of business directly or indirectly benefits from the other. The small businesses in Michigan benefit from casinos within the state in different ways.
Online casinos in Michigan are growing fast
Online slots in Michigan are a fast-growing business sector. Most land-based casinos also have an online casino that provides gamblers with betting opportunities from any place within the state. Within the last few years, the sector has continually recorded an increase in profits year after year.
Supplying casinos with goods and services
Nearly every land-based casino in Michigan has restaurant facilities where visitors go to relax and order food. They order goods and services from the local businesses. Daily, casinos require other local businesses to supply them with fresh food such as fruits, vegetables, cereals, milk, baked food, meat, etc.
They may also require services such as software, transportation, cleaning, trash collection, repairs, construction, etc. From the time the first casinos were established in Michigan, the local government considered how critical casinos would be to the state’s economic growth.
Getting business from people who visit casinos in Michigan
Many small business owners in Michigan have invested resources to help improve employee productivity. They aim to help attract more customers who come to visit casinos in the state. Michigan casinos have advanced facilities that attract guests from all other US states and beyond.
When they visit, they go shopping in the local businesses. They may choose to spend a few nights in Michigan, which means they require accommodation, food, transportation, and other important needs. The local taxi company benefits the local restaurant, hotel, and stores.
Employing a large workforce
Casinos in Michigan have employed more than 16,000 employees. Most of them earn between $8 to $12 per hour, which adds to between $64 to $94 per day, excluding the tips they get. Working with an average wage of $85 per day for each worker, the total contribution by Michigan casinos to the local economy per day is about $1.30 million.
After the workers leave to go home, they pass by the local stores to buy goods. They order services in their homes, commute daily, visit salons, local entertainment, and many other places. The small businesses in Michigan indirectly benefit from the casinos in the state.