Your Source For Michigan Gaming News

Since 1997, the Michigan Gaming website has been a comprehensive resource regarding gaming in the state of Michigan. This site is an RMC Ventures, LLC publication, with contributions by the original creators of the site, Attorney David Waddell and Gaming Analyst Robert Russell, and additional contributions by Attorney J.J. Burchman.

Mr. Waddell,  Mr. Russell and Mr. Burchman are also associated with Regulatory Management Counselors, P.C., which proactively assists clients in managing regulatory issues in an effort to maximize company profits and avoid legal problems.

According to a press release, the three Detroit casinos reported $109.69 million in monthly aggregate revenue in May while continuing to operate at limited capacity due to COVID-19 health concerns. Table games and slots generated $107.94 million in revenue, and retail sports betting produced revenue of $1.75 million. 

The three Detroit casinos reported $125.8 million in aggregate revenue from slots and table game during May 2019 while operating at full capacity.  All three casinos were closed during May 2020.

The May market shares were:

  • MGM, 42 percent
  • MotorCity, 36 percent
  • Greektown, 22 percent

During May 2021, table games and slot revenue was up a fractional 0.5 percent when compared to April 2021.

The three Detroit casinos paid $8.7 million in gaming taxes to the State of Michigan.  The casinos also reported submitting $12.8 million in wagering taxes and development agreement payments to the City of Detroit in May.

The Detroit casinos reported retail sports betting total handle of $20,196,877 during May.  Total gross receipts were $1,769,271.  In qualified adjusted gross receipts, MotorCity led the way with $709,796, followed by Greektown with $636,547 and MGM with $402,223.  Qualified adjusted gross receipts are gross sports betting receipts minus the monetary value of free play incentives provided to and wagered by bettors. The casinos paid $66,096 in retail sports betting tax to the state and reported submitting $80,784 in retail sports betting taxes to the City of Detroit.

For April, fantasy contest operators reported total adjusted revenues of $1,484,842 and paid $124,727 in taxes. Through April  30, fantasy contest operators reported total aggregate adjusted revenues of $5.7 million and paid $480,199 in taxes.

 

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