Detroit casinos generated $118M in revenue last month, state collects $9.5M in taxes
DETROIT -- Combined revenues were up at the three Detroit casinos last month compared to 2021, but only one of them saw an increase year-over-year. Meanwhile Motor City is down by 8.8% to $36.42 million and Greektown is down 2.6% to $23.68 million. MGM made up 48% of revenue generated last month while Motor City and Greektown generated 31% and 21% of the slot and table game revenue respectively. Thanks to the $118 million in revenue generated last month, the state received $9.5 million in tax payments compared to $8.7 million in April 2021. Greektown Casino adds concert series with Michael Bolton, Boyz II Men, Pat BenatarState seizes 100 gambling devices from Genesee County storefront casino locations
mlive.comState seizes 100 gambling devices from Genesee County storefront casino locations
FLINT, MI – One hundred gambling devices, 62 gift cards of varying denominations, and more than $29,000 in suspected gambling profits have been seized from two alleged Genesee County storefront casinos last week, according to the Michigan Gaming Control Board (MGCB). The items were seized during raids that took place Wednesday, April 27, at The State Road Spot, 723 S. State Road, in Davison, and The Bristol Spot, 1374 E. Bristol Road in Burton. Authorities said the raids followed a joint investigation by the Michigan Department of Attorney General and MGCB. “Illegal gambling machine operations bring unwanted crime to communities across Michigan and deprive school districts of gaming tax revenue from the state to support education,” said Henry Williams, MGCB executive director. Sixty-five machines – 11 standalone gaming machines and 54 gaming computer towers – were seized from The State Road Spot.
mlive.comAlleged storefront casinos in Lansing raided for more than $91K, officials say
LANSING, MI -- Raids on two suspected illegal gambling operations led to the confiscation of more than $91,500 and 82 gambling machines in the last week, officials said. The raids were carried out by the Michigan Department of Attorney General and Lansing Police Department investigators, with assistance from the Michigan Gaming Control Board. A search warrant was executed Feb. 28 targeting a storefront at Bourbon Street in the Logan Square Shopping Center, 3222 S. Martin Luther King Blvd., officials said. A total of 62 gambling machines -- including 28 full-size slot machines, one virtual blackjack table and other casino-style games -- were removed from Logan Square, officials said. “Unregulated, illegal gambling operations in Lansing invite crime into our neighborhoods and business corridors,” Lansing Mayor Andy Schor said in a news release.
mlive.comMoney Minute: What you need to know about gambling on unregulated gaming websites
Michigan residents who place wagers on unregulated gaming sites may gamble on more than they expected and become identity theft or deposit theft victims, said Michigan Gaming Control Board Executive Director Henry Williams.
Online gaming, sports betting to go live in Michigan on Friday, Jan. 22
Online gaming and sports betting in Michigan will go live at noon Friday, Jan. 22. “The Michigan Gaming Control Board and the state’s commercial and tribal casinos will begin a new era Jan. 22 with the launch of regulated online gaming and sports betting,” Kalm said in a news release. Only licensed casinos in Michigan — the 24 tribal casinos and three Detroit casinos – are allowed by law to offer online gaming and sports betting. For Detroit casinos, 30% of online sports betting and internet gaming taxes will be allocated to the city, while 65% will be allocated to the state Internet Sports Betting Fund or the state Internet Gaming Fund. For internet gaming, payments by tribes are allocated 20 percent to local jurisdiction governing body for services, 70 percent to the state Internet Gaming Fund and 10 percent to the Michigan Strategic Fund.
mlive.comOnline sports betting to begin in Michigan on Jan. 22
Michigan will officially allow online sports betting for the first time starting on Friday, Jan. 22. The Michigan Gaming Control Board today authorized nine operators to begin online sports betting or both online gaming and sports betting at noon on Friday, Jan. 22. “The Michigan Gaming Control Board and the state’s commercial and tribal casinos will begin a new era Jan. 22 with the launch of regulated online gaming and sports betting,” said Richard S. Kalm, MGCB executive director. Taxes and Payment RatesThe tax and payment rate for online sports betting is 8.4 percent. The tax and payment rate for internet gaming ranges from about 20 percent to 28 percent.
Michigan Gaming Control Board now accepting online gaming operator, vendor forms
The Michigan Gaming Control Board (MGCB) announced Wednesday that is has started to accept internet gaming and internet sports betting operator license applications from commercial casinos and tribes in Michigan. The MGCB continues to make progress toward the launch of online gaming by adding forms for operators and vendors, said Richard S. Kalm, MGCB executive director. On May 15, the agency began to accept online gaming supplier forms. We expect to launch internet gaming and online sports betting by late 2020 or early 2021, Kalm said. Read back: Michigans Legislature votes to legalize sports betting, online gambling
Legal sports betting in Michigan to go live just in time for March Madness
The Michigan Gaming Control Board made the announcement Friday that sports fans will be able to bet on March Madness games when the legal betting goes live. MGM Grand in Detroit spent $7 million on a sports lounge and sports book. It will have seven walk-up windows and 15 kiosks. Greektown Casino sports book will be on the third level with kiosks, televisions, a bar and food. Motor City Casino didn’t respond to a comment request about what it has ready for sports betting, but it has met the requirements to begin onsite betting Wednesday.
Online sports betting in MI to wait until 2021
A Michigan Gaming Control Board official explains it will take about a year to write and finalize rules. LANSING Sports bettors should be able to place wagers in person at casinos this spring but will wait until 2021 to do so online, Michigans regulatory agency said Wednesday. Mary Kay Bean, spokeswoman for the Michigan Gaming Control Board, gave the update about a month after Gov. Bean said the agencys goal is to authorize onsite sports wagering at the Detroit casinos in the spring. Betting could begin in two to three months, he said, noting that the casino in 2018 opened a new sports bar knowing that sports betting was a possibility.
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