{"id":30361,"date":"2021-11-19T10:03:42","date_gmt":"2021-11-19T18:03:42","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=30361"},"modified":"2023-09-18T13:16:14","modified_gmt":"2023-09-18T21:16:14","slug":"big-month-for-mgm-in-michigan-las-vegas-city-of-stiffs","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/blog\/big-month-for-mgm-in-michigan-las-vegas-city-of-stiffs\/","title":{"rendered":"Big month for MGM in Michigan; Las Vegas, city of stiffs"},"content":{"rendered":"\n
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Cumulative Internet gambling and sports betting revenues racked up $134 million last month, the vast majority going to i-gaming, some $110 million. Sports books essentially gave away the store, with 81% of revenues going right back out the door in promotions (and this was a decrease<\/em> from September). BetMGM<\/strong> dominated i-gaming with $41.5 million, followed by DraftKings<\/strong> ($20 million), FanDuel<\/strong> ($17.5 million), BetRivers<\/strong> ($7 million), Golden Nugget Online<\/strong> ($5 million) and Barstool Sports<\/strong> ($4.5 million). There are quite a few other operators in the Wolverine State but their grosses rarely add up to beans. As for sports betting, handle was an impressive $463 million but erstwhile favorite son BetMGM was only third with 22% market share, lagging FanDuel (27%) and DraftKings (26%). Fighting for scraps were Barstool (9%) and Caesars Sportsbook<\/strong> (8%), leaving precious little for anybody else.<\/p>\n\n\n\n

When the bets were paid off, it was a decisive win for FanDuel, which netted $10 million to BetMGM’s $7.5 million and DraftKings’ $3 million. Caesars was the only other operator to break the $1 million threshold. Among those making little or nothing (and perhaps overdue to reconsider their Michigan<\/strong> presence) were Golden Nugget, BetRivers, Parx<\/strong>, Four Winds<\/strong> and WynnBet<\/strong>.<\/p>\n\n\n\n\n\n\n\n

It’s far too early to quantify sports betting in Louisiana<\/strong> but the Pelican State recovered from its Hurricane Ida<\/strong> swoon, its casinos grossing $195 million, 5% better than October 2019. (When adjusted to reflect the closures of Diamond Jacks<\/strong> and Isle Grand Palais<\/strong> it was better still\u201410.5% higher.) Harrah’s New Orleans<\/strong> singlehandedly retarded the New Orleans<\/strong> market 6% with a gross of $16.5 million (-27.5%). Boomtown New Orleans<\/strong> held onto second place with $12 million and seems to have picked up wayward Harrah’s customers, gaining 22.5%. Fairly close behind was Treasure Chest<\/strong>‘s $9 million, up 7.5%. Fair Grounds<\/strong> was flat at $4 million but Amelia Belle<\/strong> gained 24% to match it.<\/p>\n\n\n\n

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The real prize, of course, is Lake Charles<\/strong> and Golden Nugget<\/strong> took bragging rights last month with $29 million, a 22% surge. Despite coming on strong (+29.5%), L’Auberge du Lac<\/strong> mustered ‘only’ $27 million. Delta Downs<\/strong> cantered 5% faster to $13 million. In Baton Rouge<\/strong>, the sorry decline of Belle of Baton Rouge<\/strong> continued, plunging 33.5% to $1.5 million. L’Auberge Baton Rouge<\/strong> grossed $16 million, a 35.5% uplift and Hollywood Baton Rouge<\/strong> gained 27% to $5.5 million. L’Auberge is such a category killer that there’s no dishonor in being second.<\/p>\n\n\n\n

Moving on to Shreveport<\/strong>\/Bossier City<\/strong>, the new smoking ban took a toll on Sam’s Town<\/strong>, plummeting 37% to $3.5 million. Horseshoe Bossier City<\/strong> was the one other revenue-negative casino, down 15% to $12.5 million. For whatever reason, it has decisively lost its mojo to Margaritaville<\/strong>, which was surging 59% to $19 million. Bally’s Shreveport<\/strong> ($8.5 million) was the only other major player, up 8.5%. Louisiana Downs<\/strong> climbed 14% to $4 million and Boomtown Bossier<\/strong> rose 7% to just over $4 million. Outlying Evangeline Downs<\/strong> was up 5% to $6.5 million.<\/p>\n\n\n\n

Are we becoming a nation of stiffs? That’s the question prompted by a recent post in VitalVegas<\/em> which reports that tipping in Sin City “is on life support<\/a>.” (Think of all those tipped employees who must make ends meet on sub-minimum wages.) “For a time, people thought bad tipping had to do with the type of visitor Las Vegas<\/strong> was getting during the pandemic, value-seekers taking advantage of low room rates due to a lack of demand. That\u2019s not really the typical visitor now, yet tipping is terrible across the board,” prompting a mass departure of service workers<\/a>, writes Scott Roeben<\/strong>. His theory as to the underlying cause is that there’s a screw-you mentality afoot in the land, caused by the climate of fear that Covid-19<\/strong> has engendered. We certainly agree with the first half of that thesis.<\/p>\n\n\n\n

Even record-breaking gaming revenues are attributed to a death-wish mentality: “People are gambling more because they have sort of given up hope. The fear has won, and people want to go out in style … Immediately after the lockdown, people came flooding back to Las Vegas due to pent-up demand. Now, it\u2019s something else.” Ditto a host of public ills, like physical altercations, road rage, DUIs, domestic abuse, suicides, etc. As Roeben says, the pandemic may be over but its social effects are here to stay … unless we take the initiative to do something about it. It starts with each of us\u2014like leaving a decent tip, for example, or even saying “thank you.”<\/p>\n\n\n\n

Quote of the Day<\/strong>: “I have not failed. I’ve just found 10,000 ways that won’t work.”\u2014Thomas Edison<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Cumulative Internet gambling and sports betting revenues racked up $134 million last month, the vast majority going to i-gaming, some $110 million. Sports books essentially gave away the store, with 81% of revenues going right back out the door in promotions (and this was a decrease from September). BetMGM dominated i-gaming with $41.5 million, followed […]<\/p>\n","protected":false},"author":83928,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1728],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/posts\/30361"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/users\/83928"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/comments?post=30361"}],"version-history":[{"count":0,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/posts\/30361\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/media?parent=30361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/categories?post=30361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/tags?post=30361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}