Michigan Charities Raked In $4.9 Million From Poker In 2022Charitable Poker Games Recovering After Pandemic |
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The Michigan Gaming Control Board announced that qualified Michigan charitable organizations received about $4.9 million in net profit from charitable poker events licensed by the MGCB in 2022.
At the 1,394 licensed fundraisers last year, poker chip sales totaled approximately $67.9 million and were just short of 2019’s $72.4 million in chip sales. Additionally, the number of licensed events increased by 137% from 2021 to 2022.
“Charitable organizations are encouraged to consider hosting Millionaire Parties for fundraising to support their charitable causes,” said Henry Williams, the Michigan Gaming Control Board executive director.
“Our agency offers resources for charities so leaders of organizations may learn more about how to qualify and apply for licenses. Our staff also will answer questions and provide information to guide charity leaders throughout the application and licensing process, visit live events and give charities feedback on their events.”
Authorized by the state’s Bingo Act, a Millionaire Party is a charitable gaming event where wagers are placed on games of chance customarily associated with a gambling casino. However, poker is typically the most popular game.
Qualifying organizations include educational, fraternal, religious, veterans, senior citizens, and service groups.
An organization may apply for up to four Millionaire Party licenses in a calendar year. The MGCB may authorize each license for up to four consecutive days, and the license fee is $50 per day of gaming.
Charities may hire an authorized supplier to provide equipment and dealers to help conduct it. A charity may host an event at its own or a leased location.
Chip sales are limited to $20,000 per day. However, if the organization uses its own location, equipment and dealers, it may calculate its daily chip limit by dividing $80,000 by the number of event days. The charity must also manage the event and keep financial and game records, which must be submitted to the MGCB by the 10th day of the month following the last day of the event.
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