The three Detroit casinos - MGM Grand Detroit, MotorCity Casino, and Greektown Casino - reported $90.84 million in January monthly aggregate revenue while operating at limited capacity, according to a press release.
The January market shares were:
- MGM Grand Detroit - 38%
- MotorCity Casino - 38%
- Greektown Casino - 24%
January 2021 table games and slots revenue fell 27.7% compared with January 2020. Monthly revenue increased 293.5% when compared with December 2020. The casinos reopened at limited capacity on December 23 after closing on November 18 due to COVID-19 restrictions.
Year-over-year revenue declined 32% to $34 million at MGM Grand Detroit, 20.7% to $33.2 million at MotorCity Casino, and 30.4% to $19.6 million at Greektown Casino.
The three casinos reported $7 million in gaming taxes to the State of Michigan during January, compared with $9.7 million in January 2020. They also reported submitting $10.3 million in wagering taxes and development agreement payments to the City of Detroit during January 2021.
The Detroit casinos reported a total retail sports betting handle of $35,684,194 in January. Retail sports betting qualified adjusted gross receipts for January were:
- MGM Grand Detroit - $863,439
- MotorCity Casino - $1,566,019
- Greektown Casino - $1,633,659
Qualified adjusted gross receipts are gross sports betting receipts minus the monetary value of free play incentives provided to and wagered by bettors.
The Detroit casinos paid $153,586 in taxes to the State of Michigan on retail sports betting in January, and reported submitting $187,716 in retail sports betting taxes to the City of Detroit in January.
Fantasy contest operators reported total adjusted revenues of $1.9 million for December 2020, and paid $158,726 in taxes to the State of Michigan. During 2020, fantasy contest operators reported $16.7 million in aggregate fantasy contest adjusted revenues and paid $1.4 million in taxes to the State of Michigan.
