Detroit Casinos Internet Gaming Revenue Bolsters Budget Plans
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Detroit has a lot to thank its local gambling businesses for. The industry has supported various aspects of public spending through the economic downturns brought on by the COVID-19 pandemic and the near-complete shutdown of businesses across the United States and world.
Detroit's mayor Mike Duggan presented a budget this week. The $1.2 billion financial plan has benefited amply from iGaming revenue. Three casinos switched their online gambling platforms. iGambling allows casinos to introduce remote gaming options.
Internet gaming revenue from Detroit casinos reached $1.1 billion last year. Sports betting brought in $110.6 million compared to $ 1 billion for online slots and table games. Internet gaming has been a life raft for Detroit's budget. The city had to make $350 million in cuts to balance its budget during the COVID-19 pandemic.
