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Detroit casinos report $90.84 million in revenue for January while operating at limited capacity
February 10, 2021
Detroit, Feb. 10, 2021 - The three Detroit casinos reported $90.84 million in January monthly aggregate revenue while operating at limited capacity due to COVID-19 health concerns. Table games and slots generated $86.78 million in revenue while retail sports betting produced $4.06 million in revenue.
The January market shares were:
- MGM, 38 percent
- MotorCity, 38 percent
- Greektown, 24 percent
Table Games and Slots Revenue and Taxes
The casinos’ January table games and slots revenue fell 27.7 percent when compared with the same month last year. Monthly revenue rose 293.5 percent when compared with December 2020 results. The three Detroit casinos reopened at limited capacity Dec. 23 after being closed Nov. 18 due to COVID-19 public health concerns.
During January, gaming revenue at MGM dropped 32 percent to $34 million compared with January 2020 results. MotorCity’s year-over-year revenue declined 20.7 percent to $33.2 million. Greektown reported $19.6 million in revenue, which was 30.4 percent below January 2020 numbers.
The three Detroit casinos paid $7 million in gaming taxes to the State of Michigan during January compared with $9.7 million for the same period last year.
The three Detroit casinos reported submitting $10.3 million in wagering taxes and development agreement payments to the City of Detroit during January.
Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported a total retail sports betting handle of $35,684,194 in January. Retail sports betting qualified adjusted gross receipts for January were:
- MGM, $863,439
- MotorCity, $1,566,019
- Greektown, $1,633,659
Qualified adjusted gross receipts are gross sports betting receipts minus the monetary value of free play incentives provided to and wagered by bettors.
The three Detroit casinos paid $153,586 in taxes to the State of Michigan on retail sports betting revenue during January. The casinos also reported submitting $187,716 in retail sports betting taxes to the City of Detroit for the month.
For December 2020, fantasy contest operators reported total adjusted revenues of $1.9 million and paid $158,726 in taxes to the state.
For full year 2020, fantasy contest operators reported $16.7 million in aggregate fantasy contest adjusted revenues and paid $1.4 million in taxes to the state.
"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."