\nOff to a good start,”<\/strong> recapped MGCB Executive Director Richard Kalm.\u00a0<\/span><\/p>\n<\/blockquote>\nGGR from internet sports betting is taxed at a rate of 8.4 percent. Online casino revenue is subject to a 20-28 percent tax, the final rate dependent on yearly gross win.\u00a0<\/span><\/p>\nFavorable Comparisons<\/b><\/h2>\n
iGaming and mobile sports betting will help reduce that 29 percent year-over-year GGR February decline. In the months ahead, Detroit’s commercial gaming industry has very favorable contrasts.\u00a0<\/span><\/p>\nFebruary 2020 was the last month that the three casinos were free to operate without restrictions. They were forced to fully shutter their resorts in mid-March of last year on Michigan Gov. Gretchen Whitmer’s (D) orders.\u00a0<\/span><\/p>\n\n
GGR totaled $0 in April, May, June, and July. They were permitted to reopen on August 5, but at a maximum capacity of only 15 percent — the lowest state-ordered operating restriction for a commercial casino.<\/p>\n<\/div>\n
The casinos were again ordered to close effective Nov. 18, which ran through Dec. 20.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Detroit’s three casinos collectively won just shy of $86.4 million last month. While that’s a 29 percent year-over-year decline, there’s more to the health of Michigan’s commercial gaming industry than revealed in the monthly report.\u00a0 The February gross gaming revenue (GGR) statement provided by the Michigan Gaming Control Board (MGCB) represents wins generated by brick-and-mortar […]<\/p>\n","protected":false},"author":25,"featured_media":166730,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Detroit Casino Revenue Down 29 Percent, But iGaming Not Yet Included<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n