Detroit casino revenue reaches $109m in April

The land-based three casinos in Detroit, Michigan generated $109.0m in revenue in April, with $1.5m of this coming from sports betting.
Year-on-year comparisons were not possible as the casinos were closed for all of April 2020 due to novel coronavirus (Covid-19) restrictions in the state.

However, the Michigan Gaming Control Board (MGCB) did reveal that revenue was 12.9% down from $125.1m in April of 2019 – prior to retail sports betting being legalized – as well as 3.1% lower than the $110.9m generated in March this year.

Table and slots gaming accounted for $107.4m of total revenue for the month, while sports betting contributed $1.5m. The MGCB also noted $889,532 in revenue from fantasy sports.

Looking at operator performances, MGM retained top spot in Detroit with 40% of the total revenue share, ahead of MotorCity on 37% and Greektown with a 23% share.

Read the full story on iGB North America.

The land-based three casinos in Detroit, Michigan generated $109.0m in revenue in April, with $1.5m of this coming from sports betting.

Year-on-year comparisons were not possible as the casinos were closed for all of April 2020 due to novel coronavirus (Covid-19) restrictions in the state.

However, the Michigan Gaming Control Board (MGCB) did reveal that revenue was 12.9% down from $125.1m in April of 2019 – prior to retail sports betting being legalized – as well as 3.1% lower than the $110.9m generated in March this year.

Table and slots gaming accounted for $107.4m of total revenue for the month, while sports betting contributed $1.5m. The MGCB also noted $889,532 in revenue from fantasy sports.

Looking at operator performances, MGM retained top spot in Detroit with 40% of the total revenue share, ahead of MotorCity on 37% and Greektown with a 23% share.

Read the full story on iGB North America.

Original Article

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