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Detroit casinos report $106.14 million monthly aggregate revenue in August
September 13, 2022
Detroit, Sept. 13, 2022 – The three Detroit casinos reported $106.14 million in monthly aggregate revenue in August. Table games and slots generated $104.48 million in revenue while retail sports betting produced $1.66 million in revenue.
August market shares were:
- MGM, 48%
- MotorCity, 31%
- Hollywood Casino at Greektown, 21%
Table Games and Slot Revenue and Taxes
The casinos’ table games and slots monthly revenue fell 6.9% compared with August 2021. Revenue also was down 1.4% from July results. Year-to-date through Aug. 31, table games and slots gaming revenue increased 1.7% from results for the same eight-month period last year.
Compared with August 2021 results, monthly slots and table games revenue by property fell across the board:
- MGM, down 3.7% to $50.31 million
- MotorCity, down 11.5% to $32.33 million
- Hollywood Casino at Greektown, down 6.7% to $21.84 million
During August, the Detroit casinos paid $8.5 million gaming taxes to the State of Michigan compared with $9.1 million paid during August 2021.
The three Detroit casinos reported submitting $16.5 million in wagering taxes and development agreement payments to the City of Detroit during August.
Retail Sports Betting Revenue and Taxes
Retail sports betting qualified adjusted gross receipts (QAGR) during August rose a fractional 0.8% when compared with August 2021 results. QAGR increased 32.2% compared with July results.
August QAGR by property was:
- MGM, $701,876,
- MotorCity, $382,147
- Hollywood Casino at Greektown, $578,830
The three Detroit casinos reported total retail sports betting handle of $11,003,753. Total gross sports betting receipts were $1.66 million for the three retail sportsbook locations.
During August, retail sports betting gaming taxes paid to the State of Michigan were $62,856 compared with $62,371 paid in August 2021.
The three Detroit casinos reported submitting $76,824 in wagering taxes and development agreement payments to the City of Detroit during August.
Year to date through Aug. 31, aggregate retail sports betting qualified adjusted gross receipts were:
- MGM, $3 million
- MotorCity, $2.8 million
- Hollywood Casino at Greektown, $4.9 million
During July, fantasy contest operators reported total adjusted revenues of $1.1 million and paid taxes of $93,849.
For the first seven months of 2022, fantasy contest operators reported $8.5 million aggregate fantasy contest adjusted revenues and paid taxes totaling $716,540.
"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."