HomePublicationsNewsletter ArchiveVolume 27Issue 17With Operating at Limited Capacity Detroit Casinos Report $108.98 Million in April Monthly Revenue

According to a press release, the three Detroit casinos reported $108.98 million in monthly aggregate revenue in April while continuing to operate at limited capacity due to COVID-19 health concerns. Table games and slots generated $107.44 million in revenue, and retail sports betting produced revenue of $1.54 million. 

Although monthly revenue fell 3.1 percent when compared to March 2021, through April 30, gaming revenue for table games and slots for the three Detroit casinos was up by 30.9 percent compared to the same period last year.  On March 16, 2020, the three Detroit casinos closed and remained closed during April 2020 due to coronavirus-related concerns.

The April market shares were:

  • MGM, 40 percent
  • MotorCity, 37 percent
  • Greektown, 23 percent

During April, 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 during April.

The Detroit casinos reported retail sports betting total handle of $24,337,682 during April.  Total gross receipts were $1,542,530.  In qualified adjusted gross receipts, MGM led the way with $604,701, followed by MotorCity with $420,605 and Greektown with $517,224.  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 $58,308 in retail sports betting tax to the state and reported submitting $71,265 in retail sports betting taxes to the City of Detroit.

For March, fantasy contest operators reported total adjusted revenues of $889,532 and paid $74,721 in taxes. Through March 31, fantasy contest operators reported total aggregate adjusted revenues of $4.2 million and paid $355,472 in taxes.

 

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