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Detroit commercial casinos post $101.4m in revenue for October

| By Robert Fletcher
Detroit’s three commercial casinos reported $101.4m (£76.6m/€86.2m) in revenue for October, including $7.6m from sports betting, while the Michigan Gaming Control Board has approved the renewal of each operator’s casino license for the next year.
Detroit casinos

Qualified adjusted gross receipts for sports wagering – gross receipts minus the monetary value of free-play incentives provided to and wagered by players – was 72.7% higher than $4.4m in September, the first full month of regulated sports wagering in the state.

Retail sports betting went live in Michigan on March 11, but properties were forced to close a matter of days later, after the state went into lockdown as a result of the novel coronavirus (Covid-19) and did not reopen until August 5.

MGM Grand Detroit retained top spot in the sports betting market with $3.7m in adjusted gross receipts, ahead of MotorCity Casino on $2.2m and the Greektown Casino with $1.7m.

The three properties paid $287,166 in state taxes on retail sports betting during October, as well as $350,980 in taxes to the City of Detroit.

Read the full story on iGB North America.

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