April Revenue for Michigan Casinos Reaches Nearly $110 Million

April Revenue for Michigan Casinos Reaches Nearly $110 Million

Michigan’s casinos have been experiencing a surge in revenue lately, with April 2021 seeing a total of nearly $110 million in earnings. This is a significant increase from the previous year, which saw a decline in revenue due to the COVID-19 pandemic.

The state’s three commercial casinos, MGM Grand Detroit, MotorCity Casino Hotel, and Greektown Casino-Hotel, reported a combined revenue of $105.6 million in April. This is a 3.7% increase from March 2021 and a 1,100% increase from April 2020, when the casinos were closed due to the pandemic.

The state’s tribal casinos also reported strong earnings in April, with a total of $4.2 million in revenue. This is a 6.8% increase from March 2021 and a 1,200% increase from April 2020, when the tribal casinos were also closed due to the pandemic.

The increase in revenue can be attributed to several factors. First, the casinos have been able to operate at full capacity since May 2021, which has allowed them to generate more revenue. Second, the state’s vaccination efforts have been successful, which has led to a decrease in COVID-19 cases and an increase in consumer confidence.

Additionally, the casinos have implemented new safety measures to ensure the health and safety of their patrons and employees. These measures include increased cleaning and sanitization, mandatory mask-wearing, and social distancing.

The increase in revenue is good news for the state’s economy, as the casinos provide jobs and generate tax revenue. In 2020, Michigan’s commercial casinos paid $117.8 million in taxes to the state, while the tribal casinos paid $30.5 million.

Overall, the surge in revenue for Michigan’s casinos is a positive sign for the state’s economy and a reflection of the successful vaccination efforts and safety measures implemented by the casinos. As the state continues to recover from the pandemic, it is likely that the casinos will continue to see strong earnings in the coming months.