HomePublicationsNewsletter ArchiveVolume 27Issue 9DETROIT CASINOS REPORT $86.38 MILLION IN FEBRUARY REVENUE

The three Detroit casinos - MGM Grand Detroit, MotorCity Casino, and Greektown Casino - reported $86.38 million in February monthly aggregate revenue while operating at limited capacity, according to a press release. Table games and slots generated $86.46 million in revenue, while retail sports betting had a loss of $77,627.

The February market shares were:

  • MGM Grand Detroit - 40%
  • MotorCity Casino - 36%
  • Greektown Casino - 24%

February table games and slots revenue dropped 29% compared with February 2020. Monthly revenue fell 0.4% from January 2021. 

Year-over-year revenue declined 34.6% to $34.43 million at MGM Grand Detroit, 22.9% to $31.24 million at MotorCity Casino, and 27.3% to $20.79 million at Greektown Casino.

The three casinos paid $7 million in gaming taxes to the State of Michigan during February, compared with $9.9 million during February 2020. The casinos reported submitting $10.3 million in wagering taxes and development agreement payments to the City of Detroit during February.

Detroit casinos reported a total retail sports betting handle of $23,711,983. Greektown Casino reported $114,814 in retail sports betting qualified adjusted gross receipts for February, while MGM Grand Detroit reported a $8,761 loss, and MotorCity Casino reported a $183,680 loss. 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 $4,340 in taxes to the State of Michigan and $5,304 to the City of Detroit on retail sports betting during February.

Fantasy contest operators reported total adjusted revenues of $2.2 million and paid $186,699 in taxes during January 2021.

 

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