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 $108.1 million in monthly aggregate revenue in June while continuing to operate at limited capacity for 21 of 30 days due to COVID-19 health concerns. Table games and slots generated $105.8 million in revenue, and retail sports betting produced $2.3 million in revenue. Capacity restrictions were lifted June 22. 

The June market shares were:

  • MGM, 44 percent
  • MotorCity, 35 percent
  • Greektown, 21 percent

During June, table games and slot revenue was down 2 percent compared with May results. Due to the pandemic the casinos were closed during June 2020. In June 2019, the three Detroit casinos recorded $117.5 million in table games and slots revenue.

Gaming revenue by casino in June was:

  • MGM, $46.3 million
  • MotorCity, $37.2 million
  • Greektown, $22.3 million

The three Detroit casinos paid $8.6 million in gaming taxes to the State of Michigan.  The casinos also reported submitting $12.6 million in wagering taxes and development agreement payments to the City of Detroit in June.

During the second quarter 2021, the three casinos paid $26 million in gaming taxes to the State of Michigan. The three casinos were closed throughout the second quarter of 2020 due to health-related concerns. Gaming Revenue for the second quarter of 2021 was: MGM, $135.7 million; MotorCity, $115.3 million; and Greektown, $70.2 million.

The Detroit casinos reported retail sports betting total handle of $24,378,686 during June.   Total gross receipts were $2,295,932.  In qualified adjusted gross receipts, Greektown led the way with $819,272, followed by MotorCity with $796,206, and MGM with $680,434. The State of Michigan received $86,785 in retail sports betting taxes from all three Detroit casinos. The City of Detroit received $106,071 in retail sports betting from the three Detroit casinos.

For the month of May, fantasy contest operators reported total adjusted revenues of $1.3 million and paid $105,859 in taxes. Through May 31, fantasy contest operators reported total aggregate adjusted revenues of $7 million and paid $586,938 in taxes.

 

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