Detroit casinos report $69.3 million aggregate revenue in August after 15% capacity reopening
September 14, 2020
Detroit, September 14, 2020 – The three Detroit casinos reported $69.3 million in monthly aggregate revenue in August after reopening at 15 percent capacity following a 4½-month shutdown due to COVID-19 health concerns. The casinos’ aggregate revenue for slots and table games was down 42 percent compared with August 2019 results and has declined 62 percent year to date against last year.
Compared with August 2019 results, revenue fell 46 percent to $28.6 million at MGM Grand Detroit, 37.5 percent to $25 million at MotorCity and 41.5 percent to $15.7 million at Greektown.
Gov. Gretchen Whitmer issued an executive order on July 29 allowing the casinos to reopen under strict health and safety guidelines. MotorCity Casino and Greektown Casino reopened Aug. 5. MGM Grand reopened to the general public Aug. 7.
The market shares during August were:
During August, the three Detroit casinos paid $5.6 million in taxes to the State of Michigan compared with $9.7 million for the same month last year.
The three Detroit casinos reported submitting $8.3 million in wagering taxes and development agreement payments to the City of Detroit during August.
Retail Sports Betting Revenue and Taxes
The three casinos reported $1.97 million in qualified adjusted gross receipts during August:
Qualified adjusted gross receipts are gross sports betting receipts minus the monetary value of free play incentives provided to and wagered by bettors.
The state received $74,733 in retail sports betting taxes from the Detroit casinos during August. The casinos reported submitting $91,340 in retail sports betting taxes to the City of Detroit.
Year to date through August 31, aggregate retail sports betting qualified adjusted gross receipts were:
- MGM, $1,017,297
- MotorCity, $498,224
- Greektown, $567,080
Fantasy Contests Revenue and Taxes
Fantasy contest operators reported total adjusted July revenues of $881,204 and paid taxes of $74,021 to the State of Michigan (see full report here).
Year to date through July 31, fantasy contest operators reported $4.9 million in aggregate fantasy contest adjusted revenues and paid the State of Michigan $414,445 in taxes.
"The Michigan Gaming Control Board shall ensure the conduct of fair and honest gaming to protect the interests of the citizens of the State of Michigan."