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HomeArts + CultureDetroit casinos report $98.6 million monthly revenue in June

Detroit casinos report $98.6 million monthly revenue in June

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The three Detroit casinos reported $98.6 million in monthly aggregate revenue during the month of June. And interestingly enough, table games and slots generated $98.2 million in revenue, and retail sports betting produced $448,703 in revenue.

As reported by www.michigan.gov, monthly market shares between the three casinos were:

  • MGM, 49%
  • MotorCity, 34%
  • Hollywood Casino at Greektown, 17%

Table Games and Slot Revenue and Taxes

The casinos’ table games and slots June monthly revenue fell 7.2% compared with June 2021 results, therefore was down 7.6% compared with May numbers. However, table games and slots revenues are up 5.2% for the first six months of the year compared with the first half of last year.

As a result, gaming revenue results were mixed compared with June 2021:

  • MGM was up by 4.3% to $48.34 million
  • MotorCity, down 9.8% to $33.51 million
  • Hollywood Casino at Greektown, down 26.6% to $16.35 million

The three Detroit casinos paid $8 million in taxes to the state of Michigan during June compared with $8.6 million for the same period last year and during June. For instance, these three Detroit casinos reported submitting $11.7 million in wagering taxes and development agreement payments to the City of Detroit.

Photo Courtesy of Michal Parzucho for Unsplaish

Second Quarter Table Games and Slot Revenue

Second quarter aggregate revenue rose a fractional 0.04% for the three Detroit casinos compared with second quarter 2021 results, however, gaming revenue by casino was above all:

  • MGM, $155.1 million, up 14.3%
  • MotorCity, $104.5 million, down 9.3%
  • Hollywood Casino at Greektown, $61.7 million, down 12.1%

The three Detroit casinos paid $26.03 million in second quarter gaming taxes compared with $26.02 million paid to the state of Michigan during the second quarter last year.

Retail Sports Betting Revenue and Taxes

Retail sports betting qualified adjusted gross receipts (QAGR) were $448,703 in June, falling 80.5% compared with June 2021 results of $2.3 million. QAGR was down 81.2% from the $2.4 million reported in May. The Detroit casinos reported total retail sports betting handle of $22,378,536, and total gross receipts were $462,215. 

June QAGR totals by casino were:

  • MGM, -$22,251
  • MotorCity, $165,931
  • Hollywood Casino at Greektown, $305,023.

The state received $17,802 in retail sports betting taxes from the three Detroit casinos. The three Detroit casinos also reported submitting $21,758 in retail sports betting taxes to the City of Detroit. 

Year-to-date retail sports betting QAGR through June by casino was:

  • MGM, $1.5 million
  • MotorCity, $2.1 million
  • Hollywood Casino at Greektown, $4.1 million

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