{"id":270,"date":"2024-06-28T01:01:33","date_gmt":"2024-06-27T22:01:33","guid":{"rendered":"https:\/\/shazamcasinonodepositbonuscodes.icu\/2024\/06\/28\/detroit-casinos-see-earnings-decline-in-april\/"},"modified":"2024-06-28T01:01:33","modified_gmt":"2024-06-27T22:01:33","slug":"detroit-casinos-see-earnings-decline-in-april","status":"publish","type":"post","link":"https:\/\/shazamcasinonodepositbonuscodes.icu\/2024\/06\/28\/detroit-casinos-see-earnings-decline-in-april\/","title":{"rendered":"Detroit Casinos See Earnings Decline in April"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/yrT-o5CokOs\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Gambling houses in Detroit experienced a decrease in earnings in April, falling to $109.4 million, a reduction of 11.7% from March.<\/p>\n<p>Detroit&#8217;s commercial gambling establishments witnessed a year-on-year reduction in earnings in April, with all three locations in the Michigan city also experiencing a month-on-month decline.<\/p>\n<p>Total earnings for Detroit casinos amounted to $109.4 million (\u00a386.8 million\/\u20ac101 million), slightly lower than the $109.7 million recorded in April 2023.<\/p>\n<p>Of this total, $107.9 million originated from table games and slot machines, representing a 1.6% year-on-year decrease and also 11.8% lower than the total earnings in March.<\/p>\n<p>The remaining $1.6 million in revenue stemmed from sports betting\u2019s qualified adjusted gross revenue (QAGR), compared to a $14,489 loss in April 2023 and remaining consistent with the $1.6 million in March.<\/p>\n<p>MGM maintains its position as the leading operator in Detroit, holding a 46.0% market share in April, followed by MotorCity at 30.0% and Greektown\u2019s Hollywood Casino at 24.0%.<\/p>\n<p>MGM reported $49.9 million in table games and slots revenue in April, reflecting a 0.7% year-on-year reduction. MotorCity also experienced a decline of 4.5% to $32.7 million, while Hollywood Casino witnessed an increase of 0.6% to $25.3 million.<\/p>\n<p>In the realm of sports betting, Hollywood Casino continues to dominate the market with a QAGR of $578,131, significantly lower than $1. <\/p>\n<p>During the fourth month of 2023, the three gambling establishments in Detroit witnessed a notable surge in sports wagering, generating a combined income of $516,812. This stands in stark contrast to the $1.7 million deficit recorded during the same timeframe in the preceding year.<\/p>\n<p>MGM&#8217;s earnings also remained stable, reaching $475,492, representing an increase of $432,195 compared to the corresponding period in the previous year.<\/p>\n<p>Regarding taxes levied on table games and slot machines, Detroit&#8217;s three casinos contributed $8.7 million in gaming taxes to the state of Michigan. Additionally, they paid $12.8 million in wagering taxes and development agreement payments to the city of Detroit.<\/p>\n<p>In the realm of sports betting, the casinos remitted $59,362 in gaming taxes to the state and $72,554 in wagering taxes to Detroit.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gambling houses in Detroit experienced a decrease in earnings in April, falling to $109.4 million,&#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 Earnings 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:\/\/shazamcasinonodepositbonuscodes.icu\/2024\/06\/28\/detroit-casinos-see-earnings-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 Earnings 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:\/\/shazamcasinonodepositbonuscodes.icu\/2024\/06\/28\/detroit-casinos-see-earnings-decline-in-april\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Your Trusted Partner for Secure &amp; Licensed Online Casino Fun\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-27T22:01:33+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:\/\/shazamcasinonodepositbonuscodes.icu\/2024\/06\/28\/detroit-casinos-see-earnings-decline-in-april\/\",\"url\":\"https:\/\/shazamcasinonodepositbonuscodes.icu\/2024\/06\/28\/detroit-casinos-see-earnings-decline-in-april\/\",\"name\":\"Detroit Casinos See Earnings Dip in April\",\"isPartOf\":{\"@id\":\"https:\/\/shazamcasinonodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-27T22:01:33+00:00\",\"dateModified\":\"2024-06-27T22:01:33+00:00\",\"author\":{\"@id\":\"https:\/\/shazamcasinonodepositbonuscodes.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Detroit\",\"breadcrumb\":{\"@id\":\"https:\/\/shazamcasinonodepositbonuscodes.icu\/2024\/06\/28\/detroit-casinos-see-earnings-decline-in-april\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/shazamcasinonodepositbonuscodes.icu\/2024\/06\/28\/detroit-casinos-see-earnings-decline-in-april\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/shazamcasinonodepositbonuscodes.icu\/2024\/06\/28\/detroit-casinos-see-earnings-decline-in-april\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/shazamcasinonodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Detroit Casinos See Earnings Decline in April\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/shazamcasinonodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/shazamcasinonodepositbonuscodes.icu\/\",\"name\":\"Your Trusted Partner for Secure &amp; Licensed Online Casino Fun\",\"description\":\"Indulge in the thrill of licensed online gambling through our comprehensive news, detailed game reviews, and informative insights. 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