Detroit Casinos Report $105.6M in May Revenue

The three Detroit casinos reported $105.6 million in monthly aggregate revenue for the month of May 2023. Table games and slots generated $104.7 million in revenue while retail sports betting produced revenue of $893,732.

The May market shares were:

• MGM, 47%
• MotorCity, 31%
• Hollywood Casino at Greektown, 22%

Table Games and Slot Revenue and Taxes

May table games and slot revenue decreased 1.4% when compared to May 2022 results. May monthly revenue dropped 4.5% compared to April revenue. Through May 31, the casinos’ table games and slots revenue increased by 0.4% compared to the same period last year.

The casinos’ monthly gaming revenue results were mixed compared to May 2022:

• Hollywood Casino at Greektown, up 7.4% to $23.3 million
• MGM, down 1.4% to $49.3 million
• MotorCity, down 7.1% to $32.1 million

During May, the three Detroit casinos paid $8.5 million in taxes to the State of Michigan. They paid $8.6 million for the same month last year.

The casinos reported submitting $12.5 million in wagering taxes and development agreement payments to the City of Detroit in May.

Retail Sports Betting Revenue and Taxes

The three Detroit casinos reported $16,936,055 in total retail sports betting handle, and total gross receipts were $921,268.

Retail sports betting qualified adjusted gross receipts (QAGR) were up by $773,382 compared to April 2023. May QAGR fell by 62.6% compared to the same month last year.

May QAGR by casino was:

• MGM, $470,510
• MotorCity, $395,677
• Hollywood Casino at Greektown, $27,545

During May, the casinos paid $33,783 in taxes to the state and reported submitting $41,290 in taxes to the City of Detroit based on retail sports betting revenue.

Fantasy Contests

For May, fantasy contest operators reported total adjusted revenues of $2.1 million and paid taxes of $175,204.

From January 1 through April 30, fantasy contest operators reported $8.9 million in aggregate fantasy contest adjusted revenues and paid $747,830 in taxes.