Detroit casinos report $100.9 million in January 2022 aggregate revenue
February 15, 2022
Detroit, Feb. 15, 2022 - The three Detroit casinos reported $100.9 million in monthly aggregate revenue in January. Table games and slots generated $98.97 million in revenue while retail sports betting contributed $1.93 million.
The January market shares were:
- MGM, 49%
- MotorCity, 30%
- Greektown, 21%
Table Games and Slot Revenue and Taxes
The casinos' January table games and slots revenue was up 14% compared with January 2021 results. Revenue was down 11.1% from December 2021 results.
Compared with January 2021, monthly gaming revenue rose 43.3% to $48.65 million for MGM and grew 4.1% to $20.45 million for Greektown. MotorCity's monthly gaming revenue fell 9.9% to $29.87 million. The casinos operated at limited capacity in January 2021 due to pandemic-related health concerns.
The three Detroit casinos paid $8 million in gaming taxes to the State of Michigan during January compared with $7 million for the same period last year.
The three Detroit casinos reported submitting $11.8 million in wagering taxes and development agreement payments to the City of Detroit during January.
Retail Sports Betting Revenue and Taxes
Total gross receipts for retail sports betting were $1.97 million. Retail sports betting qualified adjusted gross receipts (QAGR) dropped 52.4% in January to $1.93 million compared with the same month last year. Monthly QAGR was up by 74.8% when compared with December results.
QAGR by casino was:
- MGM, $481,785
- MotorCity, $521,493
- Greektown, $929,796
Total handle was $35.87 million.
The state received $73,070 in taxes from the casinos on retail sports betting. The three Detroit casinos reported submitting $89,308 in retail sports betting taxes to the city.
For December, fantasy contest operators reported total adjusted revenues of $772,465 and paid taxes of $64,887.
For full year 2021, fantasy contest operators reported $16.2 million in aggregate fantasy contest adjusted revenues and paid $1.4 million in taxes.
Gambling in any form is for entertainment purposes only. If someone has a gambling problem, please call the state's 24-hour, toll-free helpline at 1-800-270-7117 or the MGCB's responsible gaming section at 1-888-223-3044. You also may visit the MGCB website at www.michigan.gov/mgcb for information on self-exclusion programs including the Disassociated Persons List and the Internet Gaming and Sports Betting Responsible Gaming Database.
"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."