Get A Free Quote NOW
(313) 242-7029
OR




<

Casinos Have the “Cha-Ching” Factor, Doubling Combined 2020 Revenue

Casinos Have the “Cha-Ching” Factor, Doubling Combined 2020 Revenue
Detroit casinos in 2021 wound up having a good year. In fact, they did come off a slow, COVID-19-ridden 2020. This was to recover some of their losses. However, they are really going to need to continue to do better this year. That is if they want to get back on track. Still, increasing revenue by over 100% from one year to the next is a strong jump upward.
  • Post category:News

Casinos in Detroit in 2021 wound up having a good year. In fact, they did come off a slow, COVID-19-ridden 2020. This was to recover some of their losses. However, they are really going to need to continue to do better this year. That is if they want to get back on track. Still, increasing revenue by over 100% from one year to the next is a strong jump upward.

Casinos Earnings

There are several good months which Detroit’s three casinos saw. This was last year. Also, when the final count was taking, they did earn $1.294 billion in the associated revenue. Moreover, this is according to the figures from the Michigan Gaming Control Board (MGCB). In fact, it was higher than the 2020 results. They were very affected by COVID-19. However, it was less than 2019’s record. Also, that year, they did generate $1.454 billion in revenue.

Millions in Revenue

In 2021, the total revenue did surpass the close to $639 million revenue that is generated by MGM Grand Detroit, MotorCity Casino, and Greektown Casino in 2020. They were closed for much of the year due to the COVID-19 limitations in 2020.

From slot machines, 77% of the revenue came. They made $998.9 million. Also, the table games did generate $268.8 million. Retail sports betting did bring in $26.95 million. In fact, these totals do not feature revenue from online gaming, which is reported as separate items.

The revenue did relate to slot and table games which did increase by 104.2%, according to MGCB. This increase was last year at $1.27 billion. There are three casinos that did report gaming revenues that were almost as high or higher than 10% in comparison to 2020. Thus, the MGM Grand Detroit did record $554 million in gaming revenue. Also, MotorCity had $438.3 million, and plus Greektown had $274.5. million.

Leave a Reply