{"id":256,"date":"2024-06-27T04:22:48","date_gmt":"2024-06-27T01:22:48","guid":{"rendered":"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/27\/detroit-casino-income-continues-to-drop-in-october\/"},"modified":"2024-06-27T04:22:48","modified_gmt":"2024-06-27T01:22:48","slug":"detroit-casino-income-continues-to-drop-in-october","status":"publish","type":"post","link":"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/27\/detroit-casino-income-continues-to-drop-in-october\/","title":{"rendered":"Detroit Casino Income Continues to Drop in October"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/uJpADsJIEk0\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Michigan Gaming Regulatory Board has released a document indicating that earnings at Detroit&#8217;s three land-based commercial gambling houses decreased in October compared to both the same time period last year and the prior month.<\/p>\n<p>Detroit casino income continues to drop in October<br \/>\nMGM Grand Detroit, MotorCity Casino and Greektown&#8217;s Hollywood Casino generated a total income of $102.8 million (\u00a386.6 million\/\u20ac98.9 million) for the month, down 10.0% from $114.1 million in October 2021 and down 0.7% from $103.4 million in September of this year.<\/p>\n<p>Slot machine and table game income for October was $100.7 million, down 9.7% year-on-year from $111.5 million last year and down from $100.8 million in September of this year.<\/p>\n<p>Qualified Adjusted Gross Receipts (QAGR) from retail sports wagering at the casinos accounted for the remaining $2.1 million in income, down 19.2% from $2.6 million in October 2021 and September of this year.<\/p>\n<p>Sports wagering handle for the month reached $34.2 million, down 31.3% year-on-year, but up 27.1% from $18.5 million in September.<\/p>\n<p>MGM remains the market leader with a 46% share, ahead of MotorCity with 32% and Hollywood Casino with 22%.<\/p>\n<p>For MGM, its $46.4 million in income came from slots and table games, with an additional $711,959 from sports wagering QAGR.<\/p>\n<p>MotorCity&#8217;s revenue was $32. <\/p>\n<p>Three gambling establishments in Michigan reported a combined $4 million in earnings from slot machines and table games in September, with an additional $680,649 in revenue from sports wagering. Meanwhile, Hollywood Casino recorded $21.9 million in earnings from slot machines and table games, along with $702,147 in sports betting revenue.<\/p>\n<p>The three casinos contributed a total of $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.<\/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 newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Michigan Gaming Regulatory Board has released a document indicating that earnings at Detroit&#8217;s three land-based commercial gambling houses decreased in October compared to both the same time period last&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 See October Revenue Dip<\/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:\/\/spindimensionnodepositbonus.icu\/2024\/06\/27\/detroit-casino-income-continues-to-drop-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 Casino Income Continues to Drop 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:\/\/spindimensionnodepositbonus.icu\/2024\/06\/27\/detroit-casino-income-continues-to-drop-in-october\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Your Source for Trusted Casino News &amp; Licensed Gaming Experience\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T01:22:48+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=\"1 minute\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/27\/detroit-casino-income-continues-to-drop-in-october\/\",\"url\":\"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/27\/detroit-casino-income-continues-to-drop-in-october\/\",\"name\":\"Detroit Casinos See October Revenue Dip\",\"isPartOf\":{\"@id\":\"https:\/\/spindimensionnodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-27T01:22:48+00:00\",\"dateModified\":\"2024-06-27T01:22:48+00:00\",\"author\":{\"@id\":\"https:\/\/spindimensionnodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Detroit\",\"breadcrumb\":{\"@id\":\"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/27\/detroit-casino-income-continues-to-drop-in-october\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/27\/detroit-casino-income-continues-to-drop-in-october\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/27\/detroit-casino-income-continues-to-drop-in-october\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/spindimensionnodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Detroit Casino Income Continues to Drop in October\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/spindimensionnodepositbonus.icu\/#website\",\"url\":\"https:\/\/spindimensionnodepositbonus.icu\/\",\"name\":\"Your Source for Trusted Casino News &amp; Licensed Gaming Experience\",\"description\":\"Indulge in the excitement of licensed online gambling with the help of our up-to-date casino news, comprehensive reviews, and expert articles. 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