Three Detroit casinos have reported mixed financial results, according to figures published by the Michigan Gaming Control Board
Three Motown casinos experience reported mixed financial results, according to figures published past the Chicago Gaming Control Board.
Table games and slots revenue for the MGM Grand Detroit, MotorCity Casino and Penn National’s Hollywood Casino at Greektown strike down 7% inwards June 2022 compared to June 2021, push down 8% compared with May 2022.
However, these revenues have got seen a 5% increment for the first hexad months of the year compared to the number 1 vi months of 2021.
MGM held 49% of the monthly market share, with MotorCity and Hollywood Casino holding 34% and 17% respectively.
The casinos paid $8m in task to the commonwealth of Newmarket inwards June, a fall down from the $8.6m add up paid in June 2021. Additionally, the ternion casinos submitted $11.7m in wagering taxes and developing agreement payments to the City of Motown inward June 2022.
The casinos reported a pocket-size increase of 0.04% inward back canton combine gaming revenue, compared to sec canton revenue inwards 2021. MGM reported second-quarter revenue of $155.1m, upwards 14%, MotorCity reported $104.5m, knock down 9% and Hollywood Casino reported $61.7m, cut down 12%.
Retail sports betting qualified familiarised 144 receipts saw an 81% light from $2.3m inwards June 2021 to simply $448,703 inwards June 2022, with an 81% pin from the May 2022 tally of $2.4m. Total retail sports betting handgrip was reported at $22.4m, with total gross receipts at $462,215.
The body politic of Michigan reported $160.9m inward revenue gaming revenue for iGaming and sports betting for May 2022, with MGM, MotorCity and Hollywood Casino contributing $6.4m inward revenue enhancement from iGaming, and $693,999 inward sports betting taxes and fees.