The three commercial gambling venues in Detroit brought in $101.4 million in earnings during October, including $7.6 million from sports wagering. The Michigan Gaming Oversight Board has granted one-year extensions to each operator’s gambling licenses.
Detroit’s commercial gambling establishments generated $101.4 million in revenue during October.
Modified gross earnings (gross earnings minus the monetary value of complimentary play awards given to and wagered by players) from sports wagering rose 72.7% from $4.4 million in September, the state’s initial full month of regulated sports wagering.
Retail sports wagering commenced in Michigan on March 11, but the establishments were compelled to close days later due to the state’s lockdown in response to the novel coronavirus (Covid-19) and did not reopen until August 5.
MGM Grand Detroit remained the frontrunner in the sports wagering market, with $3.7 million in adjusted gross revenue, surpassing MotorCity Casino’s $2.2 million and Greektown Casino’s $1.7 million.
The three establishments paid $287,166 in state taxes on retail sports wagering in October, as well as $350,980 in Detroit city taxes.
Read the complete account at iGB North America.
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