HomePublicationsCurrent NewsletterVolume 27Issue 22Detroit Casinos Reported $108.1 Million in June Aggregate Revenue while at Limited Capacity for 21 days

According to a press release, the three Detroit casinos reported $108.1 million in monthly aggregate revenue in June while continuing to operate at limited capacity for 21 of 30 days due to COVID-19 health concerns. Table games and slots generated $105.8 million in revenue, and retail sports betting produced $2.3 million in revenue. Capacity restrictions were lifted June 22. 

The June market shares were:

  • MGM, 44 percent
  • MotorCity, 35 percent
  • Greektown, 21 percent

During June, table games and slot revenue was down 2 percent compared with May results. Due to the pandemic the casinos were closed during June 2020. In June 2019, the three Detroit casinos recorded $117.5 million in table games and slots revenue.

Gaming revenue by casino in June was:

  • MGM, $46.3 million
  • MotorCity, $37.2 million
  • Greektown, $22.3 million

The three Detroit casinos paid $8.6 million in gaming taxes to the State of Michigan.  The casinos also reported submitting $12.6 million in wagering taxes and development agreement payments to the City of Detroit in June.

During the second quarter 2021, the three casinos paid $26 million in gaming taxes to the State of Michigan. The three casinos were closed throughout the second quarter of 2020 due to health-related concerns. Gaming Revenue for the second quarter of 2021 was: MGM, $135.7 million; MotorCity, $115.3 million; and Greektown, $70.2 million.

The Detroit casinos reported retail sports betting total handle of $24,378,686 during June.   Total gross receipts were $2,295,932.  In qualified adjusted gross receipts, Greektown led the way with $819,272, followed by MotorCity with $796,206, and MGM with $680,434. The State of Michigan received $86,785 in retail sports betting taxes from all three Detroit casinos. The City of Detroit received $106,071 in retail sports betting from the three Detroit casinos.

For the month of May, fantasy contest operators reported total adjusted revenues of $1.3 million and paid $105,859 in taxes. Through May 31, fantasy contest operators reported total aggregate adjusted revenues of $7 million and paid $586,938 in taxes.

 

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