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Detroit Casinos Report $104.9M in August Revenue

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The three Detroit casinos reported $104.9 million in monthly aggregate revenue for the month of August 2023, of which $104.6 million was generated from table games and slots, and $322,186 from retail sports betting.

The August market shares were:

  • MGM, 47%
  • MotorCity, 30%
  • Hollywood Casino at Greektown, 23%

Table Games and Slot Revenue and Taxes

August table games and slot revenue decreased 2.0% when compared to July 2023 results. August monthly revenue was 0.1% higher than August 2022. From January 1 through August 31, the casinos’ table games and slots revenue increased by 0.8% compared to the same period last year.

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

  • Hollywood Casino at Greektown, up 11.7% to $24.4 million
  • MGM, down 1.7% to $49.5 million
  • MotorCity, down 5.0% to $30.7 million

During August, the three Detroit casinos paid $8.47 million in taxes to the State of Michigan. They paid $8.46 million for the same month last year.

The casinos reported submitting $16.5 million in wagering taxes and development agreement payments to the City of Detroit in August.

Retail Sports Betting Revenue and Taxes

The three Detroit casinos reported $10.0 million in total retail sports betting handle, and total gross receipts were $327,291.

Retail sports betting qualified adjusted gross receipts (QAGR) were down by 80.6% compared to August 2022. August QAGR was down by 32.5% compared to July 2023.

August QAGR by casino was:

  • MGM: $85,644
  • MotorCity: $195,955
  • Hollywood Casino at Greektown: $40,587

During August, the casinos paid $12,179 in gaming taxes to the state and reported submitting $14,885 in wagering taxes to the City of Detroit based on retail sports betting revenue.

Fantasy Contests

For July, fantasy contest operators reported total adjusted revenues of $1.2 million and paid taxes of $101,324.

From January 1 through July 31, fantasy contest operators reported $13.4 million in aggregate fantasy contest adjusted revenues and paid $1.1 million in taxes.

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Detroit Casinos Report $101.5M in June Revenue

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The three Detroit casinos reported $101.5 million in monthly aggregate revenue for the month of June 2023, of which $101.9 million was generated from table games and slots. Retail sports betting yielded a negative $395,606, in large part due to a patron successfully winning $972,000 at MotorCity Casino on June 18.

The June market shares were:

  • MGM, 46%
  • MotorCity, 32%
  • Hollywood Casino at Greektown, 22%

Table Games and Slot Revenue and Taxes

June table games and slot revenue increased 3.8% when compared to June 2022 results. June monthly revenue dropped 2.7% compared to May revenue. Through June 30, the casinos’ table games and slots revenue increased by 0.9% compared to the same period last year.

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

  • Hollywood Casino at Greektown, up 36.8% to $22.4 million
  • MGM, down 2.7% to $47.0 million
  • MotorCity, down 3.0% to $32.5 million

During June, the three Detroit casinos paid $8.3 million in taxes to the State of Michigan. They paid $8.0 million for the same month last year.

The casinos reported submitting $12.1 million in wagering taxes and development agreement payments to the City of Detroit in June.

Retail Sports Betting Revenue and Taxes

The three Detroit casinos reported $8.1 million in total retail sports betting handle, and total gross receipts yielded a negative $378,641.

Retail sports betting qualified adjusted gross receipts (QAGR) were down by $1.3 million compared to May 2023. June QAGR was down $844,308 compared to the same month last year.

June QAGR by casino was:

  • MGM, $30,010
  • MotorCity, negative ($708,625)
  • Hollywood Casino at Greektown, $283,009

During June, the casinos paid $11,832 in taxes to the state and reported submitting $14,462 in taxes to the City of Detroit based on retail sports betting revenue.

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Detroit Casinos Report $105.6M in May Revenue

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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.

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Detroit casinos report $109.7 million in April revenue

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Detroit casinos report $109.7 million in April revenue

 

The three Detroit casinos reported $109.7 million in monthly aggregate revenue during April 2023. Table games and slots generated $109.6 million in revenue while retail sports betting produced revenue of $120,350.

The April market shares were:

  • MGM, 46%
  • MotorCity, 30%
  • Hollywood Casino at Greektown, 24%

Table Games and Slot Revenue and Taxes

April table games and slots revenue decreased 6.2% compared with April 2022 results. April monthly revenue dropped 6.9% compared with March revenue. Through April 30, the casinos’ table games and slots revenue rose 0.8% compared with the first four months of 2022.

The casinos’ monthly gaming revenue results were mixed compared with April 2022:

  • Hollywood Casino at Greektown, up 6.3% to $25.2 million
  • MGM, down by 11.5% to $50.2 million
  • MotorCity, down by 6.1% to $34.2 million

During April, the three Detroit casinos paid $8.9 million in taxes to the State of Michigan compared with $9.5 million for the same month last year.

The casinos reported submitting $13.0 million in wagering taxes and development agreement payments to the City of Detroit during April.

Retail Sports Betting Revenue and Taxes

The three Detroit casinos reported $15,305,885 in total retail sports betting handle, and total gross receipts were negative ($14,489).

Due to a patron successfully winning $2.6 million at MotorCity Casino placing parlay wagers, retail sports betting qualified adjusted gross receipts (QAGR) were down by 93.6% in April compared with the same month last year. April QAGR fell by 91.5% compared with March results.

April QAGR by casino was:

  • MGM, $432,195
  • MotorCity, negative ($1.7 million)
  • Hollywood Casino at Greektown, $1.4 million

During April, the casinos paid $69,237 in taxes to the state and reported submitting $84,624 in taxes to the City of Detroit based on retail sports betting revenue.

Fantasy Contests

For March, fantasy contest operators reported total adjusted revenues of $2.1 million and paid taxes of $177,504.

From January 1 through March 31, fantasy contest operators reported $6.8 million in aggregate fantasy contest adjusted revenues and paid $572,626 in taxes.

The Michigan Gaming Control Board shall ensure the conduct of fair and honest gaming to protect the interests of the citizens of the State of Michigan.”

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