MGM Grand Detroit led July casino revenue

Author: Live Casino Direct
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MGM Grand, MotorCity and Hollywood Casino at Greektown in Detroit have collectively reported monthly revenue for July of $107.2 million. The lion’s share of revenue, $105.9 million, was generated by table games and slots, while $1.3 million was made by retail sports betting.

MGM Grand Detroit leads the market share with 48 percent. MotorCity Casino Hotel has 33 percent market shares. Hollywood Casino at Greektown has 19 percent share. Table games and slots revenue at MGM was down 4.7 percent to $51.2 million, while Motor City's fell 9.6 percent, to $34.8 million.

MGM Grand Detroit led July casino revenue. The state collected $8.6 million in wagering taxes from the three Detroit brick-and-mortars for the month.

Retail sports betting gross receipts increased 3.8 percent year-over-year to $1.3 million during July. The three commercial casinos reported a total retail sports bettting handle of $18,860, 759. Detroit casinos paid the state $47,561 in taxes tied to retail betting.

The MGCB voted unanimously to renew the licenses of the three Detroit casinos. Three votes are necessary to support the board's final determinations on casino license applications.

MGM Grand Detroit led July casino revenue. Michigan is destined to outrank New Jersey in online gambling revenues.