Detroit casinos report 107 2m in July revenue

The Michigan Gaming Control Board has published July financial results for three Detroit casinos, MGM Grand Detroit, MotorCity Casino and Penn National’s (now Penn Entertainment's) Hollywood Casino at Greektown

The MI Gaming Control Board has published July financial results for trio Motor City casinos, MGM Grand Detroit, MotorCity Casino and William Penn National’s (now Penn Entertainment's) Hollywood Casino at Greektown.

The trey casinos reported $107.2m inward monthly conglomeration revenue, with monthly market shares of 48% for MGM Grand Detroit, 33% for MotorCity and 19% for Hollywood Casino at Greektown.

Table games and slots revenue amounted to $105.9m, a strike of 8% year-on-year. However, monthly revenue rosaceous by 8% when compared to June.

All trine casinos reported a come inward monthly gaming revenue year-on-year; MGM Grand Detroit felled seam past 5% to $51.2m, MotorCity was downward by 10% to $34.8m and Hollywood Casino at Greektown fell 15% to $19.9m.

The casinos paid $8.6m in wagering taxes to the land of Michigan, compared to $9.4m in July 2021. Additionally, they submitted $12.6m inwards wagering taxes and evolution concord payments to the urban center of Detroit.

Retail sports betting qualified familiarized receipts receipts (QAGR) rosiness to $1.3m, representing a 4% increase. Total retail sports betting handle amounted to $18.9m, with sum up 144 receipts of $1.3m.

MGM Grand Detroit reported July QAGR of $807,710, MotorCity $238,320 and Hollywood Casino at Greektown $212,205.

In July, the casinos paid $47,561 inward retail sports betting taxes to the state, with $58,130 inwards retail sports betting wagering taxes and evolution agreement payments submitted to the metropolis of Detroit.

In June, fantasy competition operators reported tally familiarized revenues of $1m, and paid taxes of $84,062.

Fantasy repugn operators reported $7.4m in familiarised revenues inward H1 2022, with $622,691 inwards taxes paid.

Last month, OddsSeeker predicted that Michigan is band to become the largest iGaming marketplace inward the US.

This content is brought to you by the best 918Kiss Download in Malaysia.