first_imgThe properties were permitted to reopen from 5 August, but limited to 15% of their fire code capacity to avoid transmission of the virus. Detroit’s three commercial casinos generated revenue of $69.3m in August, the first results reported since the properties reopened following four and a half months closed due to novel coronavirus (Covid-19), while sports betting’s contribution grew to $1.97m. Michigan betting revenue reaches $1.97m in August 15th September 2020 | By Aaron Noy This had a knock-on effect on revenue, with the contribution from slots and table games falling 42.0% year-on-year, according to the Michigan Gaming Control Board’s (MGCB) figures. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter For sports betting, in what was effectively Michigan’s first extended period of legal wagering, players wagered $15.7m, with the three properties reporting adjusted gross receipts of $1.97m. Detroit’s three commercial casinos generated revenue of $69.3m in August, the first results reported since the properties reopened following four and a half months closed due to novel coronavirus (Covid-19), while sports betting’s contribution grew to $1.97m. The venues paid total taxes of $5.6m to the state of Michigan, compared to $9.7m in the prior year, as well as $8.3m in wagering taxes and development agreement payments to the city of Detroit for the month.center_img Email Address Topics: Casino & games Finance This broke down to $28.6m from MGM Grand Detroit – a 46.0% decline from August 2019 – with revenue at MotorCity Casino down 37.5% to $25.0m, and Penn National’s Greektown Casino reporting a 41.5% drop in revenue to $15.7m. Casino & games Regions: US Michigan Subscribe to the iGaming newsletter Read the full story on iGB North America.last_img read more