HomePublicationsNewsletter ArchiveVolume 27Issue 25Detroit Casinos Reported $116.9 Million in July Aggregate Revenue

According to a press release issued by the Michigan Gaming Control Board, the three Detroit casinos reported $116.9 million in monthly aggregate revenue in July. Table games and slots generated $115.7 million in revenue, and retail sports betting produced $1.2 million in revenue.

The July market shares were:

  • MGM, 46 percent
  • MotorCity, 34 percent
  • Greektown, 20 percent

During June, table games and slot revenue was 9.3% higher than June results. Due to the pandemic the casinos were closed during July 2020. In July 2019, the three Detroit casinos recorded $119 million in monthly aggregate revenue.

Gaming revenue by casino in July was:

  • MGM, $53.8 million
  • MotorCity, $38.5 million
  • Greektown, $23.4 million

The three Detroit casinos paid $9.4 million in gaming taxes to the State of Michigan.  The casinos also reported submitting $13.8 million in wagering taxes and development agreement payments to the City of Detroit in July.

The Detroit casinos reported a total gross sports betting receipts of $1,211,857, and total handle was $18,272,783. Retail sports betting qualified adjusted gross receipts for July 31 were $1,211,832. In qualified adjusted gross receipts, MotorCity led the way with $637,681, followed by Greektown with $437,203, and MGM with $136,948. The State of Michigan received $45,807 in retail sports betting taxes from all three Detroit casinos. The City of Detroit received $55,987 in retail sports betting from the three Detroit casinos.

For the month of June, fantasy contest operators reported total adjusted revenues of $1,312,438 million and paid $110,245 in taxes. Through June 30, fantasy contest operators reported total aggregate adjusted revenues of $8.3 million and paid $697,183 in taxes.

 

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