{"id":245,"date":"2024-06-25T21:56:03","date_gmt":"2024-06-25T18:56:03","guid":{"rendered":"https:\/\/yabbynodepositbonus.icu\/2024\/06\/25\/detroit-casinos-see-revenue-decline-in-april\/"},"modified":"2024-06-25T21:56:03","modified_gmt":"2024-06-25T18:56:03","slug":"detroit-casinos-see-revenue-decline-in-april","status":"publish","type":"post","link":"https:\/\/yabbynodepositbonus.icu\/2024\/06\/25\/detroit-casinos-see-revenue-decline-in-april\/","title":{"rendered":"Detroit Casinos See Revenue Decline in April"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/_2GYFo7M498\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The gambling establishments in Detroit experienced a decrease in earnings in April compared to the previous year. All three of the city&#8217;s gambling venues also saw a decline in revenue compared to the previous month.<\/p>\n<p>The total revenue generated by Detroit&#8217;s gambling venues in April was $109.4 million, a slight decrease from the $109.7 million generated in April 2023. However, this figure represents an 11.7% drop from the $123.9 million generated in March.<\/p>\n<p>Of the $109.4 million in revenue, $107.9 million came from table games and slot machines. This represents a 1.6% year-over-year decrease and an 11.8% decline from the total revenue generated in March.<\/p>\n<p>The remaining $1.6 million in revenue came from sports betting&#8217;s qualified adjusted gross revenue (QAGR). This compares to a loss of $14,489 in April 2023 and is flat with the $1.6 million generated in March.<\/p>\n<p>MGM continues to dominate the Detroit gambling market. In April, MGM held a 46.0% market share, followed by MotorCity at 30.0% and Greektown Casino-Hotel at 24.0%.<\/p>\n<p>MGM&#8217;s table games and slot machine revenue in April was $49.9 million, a 0.7% decrease year-over-year. MotorCity&#8217;s revenue also declined by 4.5% to $32.7 million, while Hollywood Casino saw a 0.6% increase to $25.3 million.<\/p>\n<p>In sports betting, Hollywood Casino continued to lead with a QAGR of $578,131. <\/p>\n<p>During the fourth month of 2023, although certain sectors experienced expansion, the overall quarterly average growth rate (QAGR) remained in the red.<\/p>\n<p>MotorCity&#8217;s sports betting QAGR reached a figure of $516,812, a stark contrast to the previous year&#8217;s deficit of $1.7 million. MGM maintained a steady performance at $475,492, an increase from the previous year&#8217;s $432,195.<\/p>\n<p>Detroit&#8217;s trio of casinos contributed $8.7 million in gaming taxes to the state of Michigan for revenue generated from table games and slot machines. The gambling establishments also paid $12.8 million in wagering taxes and development agreement payments to the city of Detroit.<\/p>\n<p>Regarding sports betting, casinos paid $59,362 in gaming taxes to the state and $72,554 in wagering taxes to Detroit.<\/p>\n<p>Sign up for the iGaming news newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The gambling establishments in Detroit experienced a decrease in earnings in April compared to the&#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 See Revenue Dip in April<\/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:\/\/yabbynodepositbonus.icu\/2024\/06\/25\/detroit-casinos-see-revenue-decline-in-april\/\" 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 Casinos See Revenue Decline in April\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Detroit\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/yabbynodepositbonus.icu\/2024\/06\/25\/detroit-casinos-see-revenue-decline-in-april\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Discover the Power of Licensed Online Casino Gaming\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-25T18:56:03+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=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/yabbynodepositbonus.icu\/2024\/06\/25\/detroit-casinos-see-revenue-decline-in-april\/\",\"url\":\"https:\/\/yabbynodepositbonus.icu\/2024\/06\/25\/detroit-casinos-see-revenue-decline-in-april\/\",\"name\":\"Detroit Casinos See Revenue Dip in April\",\"isPartOf\":{\"@id\":\"https:\/\/yabbynodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-25T18:56:03+00:00\",\"dateModified\":\"2024-06-25T18:56:03+00:00\",\"author\":{\"@id\":\"https:\/\/yabbynodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Detroit\",\"breadcrumb\":{\"@id\":\"https:\/\/yabbynodepositbonus.icu\/2024\/06\/25\/detroit-casinos-see-revenue-decline-in-april\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/yabbynodepositbonus.icu\/2024\/06\/25\/detroit-casinos-see-revenue-decline-in-april\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/yabbynodepositbonus.icu\/2024\/06\/25\/detroit-casinos-see-revenue-decline-in-april\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/yabbynodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Detroit Casinos See Revenue Decline in April\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/yabbynodepositbonus.icu\/#website\",\"url\":\"https:\/\/yabbynodepositbonus.icu\/\",\"name\":\"Discover the Power of Licensed Online Casino Gaming\",\"description\":\"Immerse yourself in the excitement of licensed online gambling with our regularly updated news, in-depth game reviews, and informative insights. 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