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Detroit casinos report $113.84 million in March monthly revenue while operating at limited capacity
April 13, 2021
Detroit, April 13, 2021 - The three Detroit casinos reported $113.84 million in monthly aggregate revenue during March while continuing to operate at limited capacity due to COVID-19 health concerns. Table games and slots generated $110.87 million in revenue while retail sports betting produced $2.97 million in revenue.
March market shares were:
- MGM, 39 percent
- MotorCity, 38 percent
- Greektown, 23 percent
Table games and slots revenue and taxes
Table games and slots revenue rose 93 percent in March compared with March 2020 results.
All three casinos recorded significant revenue increases in March compared with monthly results from a year earlier when they were ordered to close on March 16, 2020, due to public health concerns.
MGM earned $43.21 million in monthly revenue, an 80.6 percent increase. MotorCity revenue rose 107.2 percent to $42.04 million. Greektown saw a 93.7 percent increase in monthly revenue, posting $25.62 million.
March revenue also was up 28.2 percent when compared with February numbers.
During March, the three Detroit casinos paid $9 million in gaming taxes to the State of Michigan compared with $4.7 million in March 2020.
The three Detroit casinos reported submitting to the City of Detroit $13.2 million in wagering taxes and development agreement payments during March.
First Quarter Table Games and Slots Revenue
The three Detroit casinos' aggregate revenue for the first quarter was down 5.1 percent from the first quarter of 2020. Quarterly gaming revenue for MGM was $111.6 million, for MotorCity, $106.5 million, and for Greektown, $66.1 million.
Comparing first quarter numbers with the same period last year, MotorCity Casino's revenue was up by 3.7 percent while MGM was down 11.8 percent and Greektown results fell 5.7 percent.
Retail Sports Betting Revenue and Taxes
Retail sports betting qualified adjusted gross receipts for March totaled $2.97 million. Results by casino were:
- MGM, $868,206
- MotorCity, $1,276,470
- Greektown, $825,479
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 reported total handle of $24,241,730. The casinos recorded total gross receipts of $2,968,064.
The state received $112,272 in taxes on retail sports betting revenue from the Detroit casinos. The three casinos also reported submitting $137,221 in retail sports betting taxes to the City of Detroit.
Through March 31, aggregate retail sports betting qualified adjusted gross receipts were $6.96 million. The results by casino were:
- MGM, $1,722,884
- MotorCity, $2,658,808
- Greektown, $2,573,952
During February, fantasy contest operators reported $1 million in total adjusted revenues and paid $87,004 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."