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Michiganders can always count on certain things: death, taxes, and a consistent decline in Detroit’s casino revenue during the month of June.
The report from the Michigan Gaming Control Board for the sixth month of this year reinforces a well-established pattern, indicating that casino customers are remarkably predictable, if not more so.
June Detroit casino revenue in detail
In June 2019, the combined adjusted gross receipts from all three Detroit casinos amounted to $117.5 million. Here is the detailed breakdown:
- The MGM Grand earned an impressive $50.7 million.
- The Motor City Casino recorded a total of $39.9 million in revenue.
- The total revenue of Greektown Casino amounts to $26.9 million.
While it’s not an insignificant sum, it falls short of being an impressive earnings for the three Detroit casinos. In fact, it marks the lowest amount generated in the last three months.
The casino revenue for this month is 6.6% lower than the revenue recorded in May 2019.
MGM Grand experienced the largest decrease in total dollars, dropping by approximately $3.7 million or 6.8% compared to the previous month. On the other hand, Greektown witnessed the highest percentage decrease, with a decline of nearly 8.7%, equivalent to around $2.55 million.
Compared to the previous year, there has been a nearly 1.4% decrease in the total revenue, with the three Detroit casinos generating $119.1 million in June 2018. This difference is quite minimal, and historical data indicates that casino revenue in June is usually as strong as the odds for the Detroit Lions in this year’s Super Bowl.
Beware the ides of … June?
Had a casino executive been the author of Julius Caesar rather than William Shakespeare, they might have asserted June as a month of misfortune instead of March.
March has consistently emerged as the most robust month for Detroit casinos over the last five years, and it seems that trend will continue in 2019.
June is a completely separate tale, akin to the moment when Caesar is symbolically and physically betrayed on the Senate stairs. In the history of Earth’s last five orbits around the sun, June has not been the most dreadful month for Detroit casinos. However, it has marked a decline from the peak achievements of previous years.
Michigan’s casinos are not unique in facing challenges during the summer months; in fact, casinos across the country encounter similar issues.
Why June casino revenues often disappoint
During the summer months, a significant number of customers, unburdened by school commitments, tend to prioritize vacations and plan various daily activities.
In comparison to March, the weather is significantly more pleasant. The pleasant climate attracts people to engage in picnics and other outdoor activities. A considerable number of individuals are inclined to try their hand at fishing, hoping to catch real fish, rather than relying on luck to win the jackpot needed to accompany their ten at the blackjack table.
This ultimately results in disposable income being allocated towards gambling activities while the children are in school, or being redirected for other purposes such as purchasing airplane tickets specifically in June. While there are other contributing factors, this is a significant explanation for the decrease in activity during this month.
The lackluster revenue report comes as an anticlimax following news of Michigan’s commercial casinos contributing a substantial $2.2 billion to the School Aid Fund over the last two decades.
June’s performance provides the comforting reassurance that casino revenue can be anticipated, indicating that there are promising months ahead for Detroit casinos this year.
Please rephrase the following sentence:<br><br>”Mary is going to the store to buy some groceries.”
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