{"id":99,"date":"2024-06-28T14:11:37","date_gmt":"2024-06-28T11:11:37","guid":{"rendered":"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/28\/detroit-casinos-see-revenue-decline-in-october\/"},"modified":"2024-06-28T14:11:37","modified_gmt":"2024-06-28T11:11:37","slug":"detroit-casinos-see-revenue-decline-in-october","status":"publish","type":"post","link":"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/28\/detroit-casinos-see-revenue-decline-in-october\/","title":{"rendered":"Detroit Casinos See Revenue Decline in October"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/dPr3nEZBBAc\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The financial performance of gambling establishments in Detroit has continued to show a downward trend in the tenth month of the year. <\/p>\n<p>The Michigan Gaming Control Board has published data revealing that the combined earnings of the city&#8217;s three land-based gambling venues experienced a decrease compared to the same period in the previous year and the preceding month. <\/p>\n<p>MGM Grand Detroit, MotorCity Casino, and Greektown Casino Hollywood reported a total income of $102.8 million for the month, representing a 10.0% decline from $114.1 million in October 2021 and a 0.7% decrease from $103.4 million in September. <\/p>\n<p>The revenue generated from slot machines and table games in October amounted to $100.7 million, marking a 9.7% year-on-year decrease from $111.5 million in the previous year and a slight decrease from $100.8 million in September. <\/p>\n<p>The remaining $2.1 million in revenue was attributed to Qualifying Adjusted Gross Receipts (QAGR) from retail sports betting at the casinos, reflecting a 19.2% decline from $2.6 million in both October 2021 and September. <\/p>\n<p>The total amount wagered on sports betting for the month reached $34.2 million, representing a 31.3% decrease from the previous year but an increase of 27.1% from $18.5 million in September. <\/p>\n<p>MGM continues to hold the top position in the market with a 46% share, followed by MotorCity at 32% and Hollywood Casino at 22%. <\/p>\n<p>MGM&#8217;s revenue of $46.4 million was derived from slot machines and table games, with an additional $711,959 generated from sports betting QAGR. <\/p>\n<p>MotorCity&#8217;s revenue was $32. <\/p>\n<p>Michigans three gambling establishments reported a combined $4 million in income for September, with sports wagering contributing $680,649. Hollywood Casino generated $21.9 million in slot machine and table game earnings, with sports betting contributing $702,147.<\/p>\n<p>The three casinos paid $8.2 million in gaming taxes to the state of Michigan and $12.4 million in gaming taxes and development agreement payments to the city of Detroit in September.<\/p>\n<p>Furthermore, the venues paid $79,182 in retail sports betting taxes to the state of Michigan and $96,778 in retail sports betting taxes to the city of Detroit.<\/p>\n<p>Sign up for the iGaming News newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The financial performance of gambling establishments in Detroit has continued to show a downward trend in the tenth month of the year. The Michigan Gaming Control Board has published data revealing that the combined earnings of the city&#8217;s three land-based gambling venues experienced a decrease compared to the same period in the previous year and [&hellip;]<\/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 Struggle: October Revenue Down<\/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:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/28\/detroit-casinos-see-revenue-decline-in-october\/\" 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 Decline in October\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Detroit\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/28\/detroit-casinos-see-revenue-decline-in-october\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Experience the Best of Online Casino Action | Licensed &amp; Trusted\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T11:11:37+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=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/28\/detroit-casinos-see-revenue-decline-in-october\/\",\"url\":\"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/28\/detroit-casinos-see-revenue-decline-in-october\/\",\"name\":\"Detroit Casinos Struggle: October Revenue Down\",\"isPartOf\":{\"@id\":\"https:\/\/miraxcasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-28T11:11:37+00:00\",\"dateModified\":\"2024-06-28T11:11:37+00:00\",\"author\":{\"@id\":\"https:\/\/miraxcasinonodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Detroit\",\"breadcrumb\":{\"@id\":\"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/28\/detroit-casinos-see-revenue-decline-in-october\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/28\/detroit-casinos-see-revenue-decline-in-october\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/miraxcasinonodepositbonus.icu\/2024\/06\/28\/detroit-casinos-see-revenue-decline-in-october\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u0413\u043b\u0430\u0432\u043d\u0430\u044f \u0441\u0442\u0440\u0430\u043d\u0438\u0446\u0430\",\"item\":\"https:\/\/miraxcasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Detroit Casinos See Revenue Decline in October\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/miraxcasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/miraxcasinonodepositbonus.icu\/\",\"name\":\"Experience the Best of Online Casino Action | Licensed &amp; Trusted\",\"description\":\"Experience the excitement of licensed online gambling with our regularly updated news, in-depth reviews, and expert articles. 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