A
ccording to data released Tuesday by the Michigan Gaming Control Board, the three Detroit casinos reported $116.9 million in monthly aggregate revenue for July. July revenue was 9.3% higher than June results, as they perceived $108.1 million.
Table games and slots generated $115.7 million, while retail sports betting generated $1.2 million. In June, the figures were $105.8 million and $2.3 million respectively.
During July:
- MGM Grand Detroit recorded $53.8 million in revenue and its market share was 46%.
- MotorCity reported $38.5 million in revenue and its market share was 34%.
- Greektown had a revenue of $23.4 million and its market share was 20%.
The three Detroit casinos paid $9.4 million in gaming taxes to the State of Michigan during July and reported submitting $13.8 million in wagering taxes and development agreement payments to the City of Detroit during July. In June, the figures were $8.6 million and $12.6 million, repectively.
The casinos reported total gross sports betting receipts of $1,211,857, and total handle was $18,272,783.
Retail sports betting qualified adjusted gross receipts for July 31 were $1,211,832. Results by casino were:
- MGM, $136,948
- MotorCity, $637,681
- Greektown, $437,203
The three Detroit casinos paid $45,807 in state taxes on retail sports betting during July. They also reported submitting $55,987 in retail sports betting taxes to the City of Detroit.
For the month of June, fantasy contest operators reported total adjusted revenues of $1,312,438 and paid taxes of $110,245. They also perceived aggregate fantasy contest adjusted revenues of $8.3 million and paid $697,183 year-to-date through June 30.
The three Detroit casinos were closed during July 2020 due to COVID-19 restrictions. In July 2019, the casinos reported $119 million in monthly aggregate revenue.
Original article: https://www.yogonet.com/international//noticias/2021/08/11/58772-detroit-casino-revenue-see-monthly-increase-of-93por_ciento-in-july
