HomePublicationsNewsletter ArchiveVolume 27Issue 28Detroit Casinos Reported $113.82 Million in August Aggregate Revenue

According to a press release issued by the Michigan Gaming Control Board the three Detroit casinos reported $113.82 million in monthly aggregate revenue in July. Table games and slots generated $112.17 million in revenue, and retail sports betting produced $1.65 million in revenue.

The August market shares were:

  • MGM, 47 percent
  • MotorCity, 32 percent
  • Greektown, 21 percent

During August, table games and slot revenue was 61.7% higher than August 2020 revenue. The casinos reopened early August 2020 at 15 percent capacity following a 4 ½ month closure due to Covid-19 health concerns.

Year to date gaming revenue for table games and slots for the three Detroit casinos rose 126 percent compared with the first eight months of 2020.

Gaming revenue by casino in August was:

  • MGM, $52.24 million, 82.4 percent increase from August 2020
  • MotorCity, $36.52 million, 45.9 percent increase from August 2020
  • Greektown, $23.41 million, 49.2 percent increase from August 2020

The three Detroit casinos paid $9.1 million in gaming taxes to the State of Michigan in August 2021 compared to $5.6 million in August 2020.  The casinos also reported submitting $13.8 million in wagering taxes and development agreement payments to the City of Detroit in August.

The Detroit casinos reported a total gross sports betting receipts of $1,648,581, and total handle was $16,288,170. Retail sports betting qualified adjusted gross receipts (QAGR) for August fell 16.5 percent compared with the same month last year. QAGR was up 36.2 percent compared with July 2021. For the month of August 2021 QAGR’s, MGM led the way with $851,920, followed by Greektown with $565,432 and MotorCity with $232,675.

The State of Michigan received $62,371 in retail sports betting taxes from all three Detroit casinos. The City of Detroit received $76,231 in retail sports betting from the three Detroit casinos.

For the month of July, fantasy contest operators reported total adjusted revenues of $1,124,275 million and paid $94,439 in taxes. Through July 31, fantasy contest operators reported total aggregate adjusted revenues of $9.4 million and paid $792,242 in taxes. 

 

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