{"id":277,"date":"2024-06-28T14:10:46","date_gmt":"2024-06-28T11:10:46","guid":{"rendered":"https:\/\/kudoscasinonodepositbonus.icu\/2024\/06\/28\/detroit-casino-earnings-decreased-slightly-in-may-despite-a-surge-in-sports-betting-revenue\/"},"modified":"2024-06-28T14:10:46","modified_gmt":"2024-06-28T11:10:46","slug":"detroit-casino-earnings-decreased-slightly-in-may-despite-a-surge-in-sports-betting-revenue","status":"publish","type":"post","link":"https:\/\/kudoscasinonodepositbonus.icu\/2024\/06\/28\/detroit-casino-earnings-decreased-slightly-in-may-despite-a-surge-in-sports-betting-revenue\/","title":{"rendered":"Detroit casino earnings decreased slightly in May, despite a surge in sports betting revenue"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/elCW-_7OZ3s\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Detroits three commercial gambling houses produced a total income of $108.7 million in May, slightly less than the $110 million in May 2021 and down 8.4% from $118.7 million in April. Nevertheless, sports wagering earnings soared, counterbalancing the overall dip.<\/p>\n<p>MGM Grand Detroit remains the leading player in the Detroit gambling market, capturing 46% of the market share, followed by MotorCity at 32% and Hollywood at 22%.<\/p>\n<p>While table game and slot machine earnings decreased by 1.5% year-over-year, sports betting revenue surged by 36.6% to $2.4 million. Customers bet a total of $22.8 million on sports betting in May.<\/p>\n<p>MGM&#8217;s revenue climbed by 8.3% to $50 million, despite a 9.5% and 8.0% decline in table game and slot machine revenue at MotorCity and Hollywood, respectively.<\/p>\n<p>The gambling houses paid $8.6 million in gaming taxes in May, along with $12.6 million in wagering taxes and payments related to development agreements with the city of Detroit.<\/p>\n<p>Detroit casino earnings decreased slightly in May, despite a surge in sports betting revenue &#8211; Land-based casinos &#8211; iGB <\/p>\n<p>The entertainment industry giant, Hollywood, is a major force in the realm of sports wagering, generating significantly higher revenue compared to its casino counterparts. Their rapid expansion is evident in their quarterly earnings, averaging a substantial $1.6 million every three months. This figure dwarfs the earnings of MotorCity, which stands at $575,469, and MGM, which reports $220,028.<\/p>\n<p>The three Detroit-based casinos collectively contributed $90,279 to the state&#8217;s coffers in May, as a result of gambling activities. Additionally, they remitted $110,341 to the city of Detroit in the form of taxes and associated fees.<\/p>\n<p>Subscribe to the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Detroits three commercial gambling houses produced a total income of $108.7 million in May, slightly less than the $110 million in May 2021 and down [&#8230;]<\/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: Sports Betting Soars, Overall Revenue Dips<\/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:\/\/kudoscasinonodepositbonus.icu\/2024\/06\/28\/detroit-casino-earnings-decreased-slightly-in-may-despite-a-surge-in-sports-betting-revenue\/\" 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 earnings decreased slightly in May, despite a surge in sports betting revenue\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Detroit\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kudoscasinonodepositbonus.icu\/2024\/06\/28\/detroit-casino-earnings-decreased-slightly-in-may-despite-a-surge-in-sports-betting-revenue\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Stay on Top of the Latest Casino Trends | News &amp; Licensed Games\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T11:10:46+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:\/\/kudoscasinonodepositbonus.icu\/2024\/06\/28\/detroit-casino-earnings-decreased-slightly-in-may-despite-a-surge-in-sports-betting-revenue\/\",\"url\":\"https:\/\/kudoscasinonodepositbonus.icu\/2024\/06\/28\/detroit-casino-earnings-decreased-slightly-in-may-despite-a-surge-in-sports-betting-revenue\/\",\"name\":\"Detroit Casinos: Sports Betting Soars, Overall Revenue Dips\",\"isPartOf\":{\"@id\":\"https:\/\/kudoscasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-28T11:10:46+00:00\",\"dateModified\":\"2024-06-28T11:10:46+00:00\",\"author\":{\"@id\":\"https:\/\/kudoscasinonodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Detroit\",\"breadcrumb\":{\"@id\":\"https:\/\/kudoscasinonodepositbonus.icu\/2024\/06\/28\/detroit-casino-earnings-decreased-slightly-in-may-despite-a-surge-in-sports-betting-revenue\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/kudoscasinonodepositbonus.icu\/2024\/06\/28\/detroit-casino-earnings-decreased-slightly-in-may-despite-a-surge-in-sports-betting-revenue\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/kudoscasinonodepositbonus.icu\/2024\/06\/28\/detroit-casino-earnings-decreased-slightly-in-may-despite-a-surge-in-sports-betting-revenue\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/kudoscasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Detroit casino earnings decreased slightly in May, despite a surge in sports betting revenue\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/kudoscasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/kudoscasinonodepositbonus.icu\/\",\"name\":\"Stay on Top of the Latest Casino Trends | News &amp; Licensed Games\",\"description\":\"Immerse yourself in the dynamic world of online gambling through our comprehensive news, detailed game reviews, and informative insights. 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