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:
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.
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