The Michigan Gaming Management Board has reported that income throughout Detroit’s three industrial casinos in January got here in at $90.84m, with the venues working at restricted capability because of COVID-19.
This represents a rise of 293.5 per cent month-on-month, with the trio solely reopening on December 23 after being closed for nearly a month because of ongoing well being issues.
Market shares see MGM Grand Detroit and MotorCity On line casino tied on 38 per cent, forward of Greektown On line casino’s 24 per cent, with the casinos’ January desk video games and slots income falling 27.7 p.c when put next with the identical month final 12 months to complete up at $86.78m.
In the course of the month, gaming income at MGM dropped 32 per cent to $34m contrasted to the identical interval a 12 months earlier, with MotorCity declining 20.7 per cent to $33.2m, and Greektown reporting $19.6m, representing a 30.4 p.c drop.
The three casinos reported a complete retail sports activities betting deal with of $35.6m in January, bringing income of $4.06m. Retail sports activities betting certified adjusted gross receipts have been $1.63m at Greektown, $1.56m at MotorCity and $863,439 for MGM.
The properties paid $153,586 in taxes to the state of Michigan on retail sports activities betting income, and in addition reported submitting $187,716 in taxes to the town of Detroit for the month.
An replace on fantasy contests was additionally supplied by the state regulator, with contest operators reporting complete adjusted revenues of $1.9m and paying $158,726 in taxes to the state in December 2020. For the total 12 months, operators reported $16.7m in mixture fantasy contest adjusted revenues and paid $1.4m in taxes.
This comes after the area launched its on-line gaming and sports activities betting ecosystem final month, with Michigan senator Curtis Hertel putting the ceremonial first wager.
“Michigan now can supply authorized, regulated on-line gaming and sports activities betting to residents and guests,” stated Richard Kalm, MGCB government director. “It’s an thrilling and much-anticipated day and can deliver income to assist schooling, tribal communities and the town of Detroit.”
