HomePublicationsCurrent NewsletterVolume 27Issue 19While Operating at Limited Capacity Detroit Casinos Report $ 109.69 Million in May Monthly Revenue

According to a press release, the three Detroit casinos reported $109.69 million in monthly aggregate revenue in May while continuing to operate at limited capacity due to COVID-19 health concerns. Table games and slots generated $107.94 million in revenue, and retail sports betting produced revenue of $1.75 million. 

The three Detroit casinos reported $125.8 million in aggregate revenue from slots and table game during May 2019 while operating at full capacity.  All three casinos were closed during May 2020.

The May market shares were:

  • MGM, 42 percent
  • MotorCity, 36 percent
  • Greektown, 22 percent

During May 2021, table games and slot revenue was up a fractional 0.5 percent when compared to April 2021.

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 in May.

The Detroit casinos reported retail sports betting total handle of $20,196,877 during May.  Total gross receipts were $1,769,271.  In qualified adjusted gross receipts, MotorCity led the way with $709,796, followed by Greektown with $636,547 and MGM with $402,223.  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 $66,096 in retail sports betting tax to the state and reported submitting $80,784 in retail sports betting taxes to the City of Detroit.

For April, fantasy contest operators reported total adjusted revenues of $1,484,842 and paid $124,727 in taxes. Through April  30, fantasy contest operators reported total aggregate adjusted revenues of $5.7 million and paid $480,199 in taxes.

 

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