{"id":276,"date":"2024-06-28T14:13:15","date_gmt":"2024-06-28T11:13:15","guid":{"rendered":"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/28\/detroit-casinos-see-revenue-rise-despite-sports-betting-decline\/"},"modified":"2024-06-28T14:13:15","modified_gmt":"2024-06-28T11:13:15","slug":"detroit-casinos-see-revenue-rise-despite-sports-betting-decline","status":"publish","type":"post","link":"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/28\/detroit-casinos-see-revenue-rise-despite-sports-betting-decline\/","title":{"rendered":"Detroit Casinos See Revenue Rise Despite Sports Betting Decline"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/JbKsWC6Y_G4\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Detroits three commercial gambling houses observed a 12.5% annual rise in earnings in October, even though there was a considerable reduction in contributions from retail sports wagering.<\/p>\n<p>The MGM Grand Detroit, MotorCity Casino, and Greektown Casino Hotel, owned by Penn National, produced a total of $114.1 million in earnings.<\/p>\n<p>This signifies a 3.6% increase contrasted with September 2021 and a 12.5% increase compared to October 2020 &#8211; when the gambling houses were operating at 15% capacity after reopening from COVID-19 closures.<\/p>\n<p>The majority of the casinos&#8217; earnings came from slot machines and table games, totaling $111.5 million, an 18.9% increase year-over-year and a 4.2% increase from the preceding month.<\/p>\n<p>MGM Grand witnessed the largest revenue increase compared to October 2020, with a 39.4% jump to $52.7 million.<\/p>\n<p>While MotorCity remained ahead of Greektown, its slot machine and table game revenue only increased slightly by 1.8% to $36.9 million, while Greektown saw a 10.8% increase to $21.9 million.<\/p>\n<p>The three gambling houses paid $9 million in gaming taxes, compared to $7 million in October 2020. <\/p>\n<p>The state of Michigan collected a substantial $6 million in revenue over the previous twelve months.  Furthermore, Detroit generated $13.8 million in gambling taxes and development agreement payments in the same period.<\/p>\n<p>Although casino gambling exhibited robust performance, retail sports betting revenue experienced a significant decline. Adjusted gross revenue decreased by 65.2% to $2.6 million, despite the fact that retail betting was the sole legal form of sports betting in October 2020, while online betting became available in January 2021.<\/p>\n<p>MGM Grand dominated the market, generating $1.4 million in revenue, surpassing Motor City&#8217;s $671,009 and Greektown&#8217;s $588,847. Gamblers placed bets totaling $34.2 million on sports betting at these three establishments.<\/p>\n<p>This resulted in $99,977 in taxes for the state and an additional $122,194 for Detroit.<\/p>\n<p>Consequently, Motor City leads the market in revenue as of October 31, with $7.4 million. MGM Grand closely follows with $7.1 million, and Greektown occupies third place with $7 million.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Detroits three commercial gambling houses observed a 12.5% annual rise in earnings in October, even though there was a considerable reduction in contributions from retail [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Detroit Casinos Shine Despite Sports Betting Dip<\/title>\n<meta name=\"description\" content=\"Detroit\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/28\/detroit-casinos-see-revenue-rise-despite-sports-betting-decline\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Detroit Casinos See Revenue Rise Despite Sports Betting Decline\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Detroit\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/28\/detroit-casinos-see-revenue-rise-despite-sports-betting-decline\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Where Casino Enthusiasts Unite for Secure &amp; Licensed Fun\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T11:13:15+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/28\/detroit-casinos-see-revenue-rise-despite-sports-betting-decline\/\",\"url\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/28\/detroit-casinos-see-revenue-rise-despite-sports-betting-decline\/\",\"name\":\"Detroit Casinos Shine Despite Sports Betting Dip\",\"isPartOf\":{\"@id\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/#website\"},\"datePublished\":\"2024-06-28T11:13:15+00:00\",\"dateModified\":\"2024-06-28T11:13:15+00:00\",\"author\":{\"@id\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Detroit\",\"breadcrumb\":{\"@id\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/28\/detroit-casinos-see-revenue-rise-despite-sports-betting-decline\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/28\/detroit-casinos-see-revenue-rise-despite-sports-betting-decline\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/2024\/06\/28\/detroit-casinos-see-revenue-rise-despite-sports-betting-decline\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Detroit Casinos See Revenue Rise Despite Sports Betting Decline\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/#website\",\"url\":\"https:\/\/sunriseslotsnodepositbonus2024.icu\/\",\"name\":\"Where Casino Enthusiasts Unite for Secure &amp; Licensed Fun\",\"description\":\"Unleash your gambling potential with our up-to-date news, comprehensive reviews, and expert articles. 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