As known from:
The SunFootball365Sportskeeda
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Contains commercial content
Alerts
Latest Deals
Write a Review
Write a Review
Nothing Found
About betting.net
  • Betting.net on YouTube
  • About betting.net
  • The betting.net Crew
  • How We Rate
  • Play Responsibly
  • Contact us
  • Writers Wanted
  • Content Disclaimer
  • Affiliate Disclosure
Betting.net / Detroit casinos see revenue drop in September 2022, per report

Detroit casinos see revenue drop in September 2022, per report

Publish Date: October 16, 2022
Fact checked by: Jesse M Cox
MGM Grand Detroit 1, tags: september - CC BY-SA

MGM Grand Detroit 1 – CC BY-SA

According to the Michigan Gaming Control Board (MGCB), quarterly and monthly reports of Detroit’s casino revenues continued to fall in September. Three Detroit casinos that saw a drop in their revenues include MGM Grand Detroit Casino, MotorCity Casino Hotel and Hollywood Casino in Greektown.

They gained $103,4 million in aggregate revenue in September 2022, which was recorded as declining revenue of 2.6 percent less than August’s $106,14 million. MGM Grand Detroit Casino retained 48 percent of Detroit’s casino market, followed by MotorCity Casino Hotel with 31 percent and Hollywood Casino at Greektown with 21 percent.

Slots and table games of the three casinos generated $100,8 million in September, a 3.5 percent decrease from August’s revenue of $104,48. In addition, between August and September 2021, revenue fell by 5.7 percent compared to the previous year.

MGM Grand Detroit Casino gained $48,4 million in revenue from its table games and slot machines, while the MotorCity Casino Hotel and Hollywood Casino at Greektown generated $21,1 million. The number was lower by 4.3 percent than August revenue.

According to MGCB’s report, the quarterly results of those casinos’ revenue from slots and table games dropped 7.7 percent, compared to the quarter of 2021.

MGCB reported that MGM Grand Detroit Casino’s revenue declined by 2.9 percent to $150 million, MotorCity Casino Hotel fell 11.7 percent to $98,5 million and Hollywood Casino At Greektown’s revenue reduced to 8.8 percent to $62,8 million.

In sports betting, MGCB also reported $18,58 million in revenue. Detroit’s retail sports gambling operations added $2,6 million more in qualified adjusted gross receipts. These numbers are fewer than 3.5 percent contributed to qualified adjusted gross receipts compared to September 2021.

MGM Grand Detroit Casino recorded the most revenue from sports betting in Detroit with $1,007,935, followed by MotorCity in second with $822,534, and Hollywood Casino at Greektown in third most with $768,912.

Read Also
Caesars Posts Positive Quarterly Earnings Figures
This week saw Caesars Digital post its earnings report for the third-quarter ...
PA Sportbooks Break Record For Bonus Bet Promotions
It’s been yet another busy month for Pennsylvania’s online sportsbooks. Not only ...
BetMGM Promo
New Jersey Enjoys 47% Year On Year Betting Revenue Boost
It’s been yet another massive month for sports betting in New Jersey. ...
Draftkings And Fanduel Battle For Control On NY Sports Betting Market
The battle between DraftKings and FanDuel for supremacy in the New York ...
Arizona Sports Betting Goes From Strength to Strength
Arizona is now the seventh-largest state in the US in terms of ...
Sportsbook of the month
DraftKings - Get your Bonus Bet now! Get your Bonus Bet now!
Latest News
Top crypto gambling sites in 2024
Cryptocurrency casinos provide players with various advantages, such ...
North Carolina Gubernatorial Candidates: their stances on casinos
As the North Carolina gubernatorial race heats up, ...
Gates of Bitcasino grants a max win, worth $2.5 million
A lucky player won $2.5 million on Gates ...
Thunderkick partners with Betway, strengthening foothold in UK
Independent slot developer Thunderkick signed a partnership deal ...
Delaware Park re-opens with new Vegas glamor after $10M upgrade
The Delaware Park Casino recently unveiled its upgraded ...
Top Betting Sites
Top Betting Bonuses
BetMGM
BetMGM
BetMGM Review
4.7/5
Bet365
Bet365
Bet365 Review
4.7/5
FanDuel
FanDuel
FanDuel Review
4.6/5
Caesars
Caesars
Caesars Review
4.5/5
DraftKings
DraftKings
DraftKings Review
4.5/5
BetMGM
BetMGM Bonus
Bet $5 Get $150 Instantly in Bonus Bets
T&Cs apply
4.7/5
Bet365
Bet365 Bonus
First Bet Safety Net up to $2000 OR Bet $5 and Get $150
T&Cs apply
4.7/5
At bet365 we don't do ordinary, that's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $2000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
FanDuel
FanDuel Bonus
Bet $5 Get $150 in Bonus Bets
T&Cs apply
4.6/5
Caesars
Caesars Bonus
100% up to $1000
T&Cs apply
4.5/5
DraftKings
DraftKings Bonus
No Sweat First Bet up to $1,000
T&Cs apply
4.5/5
Get the latest updates in Sports and Casino via our Newsletter
Poker & Bingo

Full coverage of poker and bingo, from reviews of providers to guides and much more besides!

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

21+NCPG
Close
Players accepted in the US US Flag
Stake.us Exclusive Bonus
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
Promo Code
Copy
Visit Site
T&Cs apply, 18+
Payment Methods
Bitcoin
Litecoin
Ethereum
Dogecoin
Highlights
  • Exclusive promo code: BETCRYPTO
  • Drake loves this social casino!
  • Play for free with Gold Coins!
Stake Originals
Dice
Crash
Plinko
Mines
×
Your Bonus Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site