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Detroit casinos reported $108.1 million in June aggregate revenue while at limited capacity 21 days

Detroit casinos reported $108.1 million in June aggregate revenue while at limited capacity 21 days

Detroit, July 13, 2021 - The three Detroit casinos reported $108.1 million in monthly aggregate revenue during June, operating at limited capacity for 21 of 30 days due to COVID-19 health concerns. Table games and slots generated $105.8 million in revenue while retail sports betting produced $2.3 million in revenue. Capacity restrictions were lifted June 22.

The market shares during June were:

  • MGM, 44 percent
  • MotorCity, 35 percent
  • Greektown, 21 percent

June table games and slot revenue

Table games and slots revenue was down by 2 percent compared with May results. The casinos were closed during June 2020 because of the pandemic. In June 2019, the three Detroit casinos recorded $117.5 million in table games and slots revenue.

Gaming revenue by casino during June was:

  • MGM, $46.3 million
  • MotorCity, $37.2 million
  • Greektown, $22.3 million

During June, the three Detroit casinos paid $8.6 million in gaming taxes to the State of Michigan and reported submitting $12.6 million in wagering taxes and development agreement payments to the City of Detroit.

Second quarter table games and slot revenue

Gaming revenue for the second quarter was:

  • MGM, $135.7 million
  • MotorCity, $115.3 million
  • Greektown, $70.2 million

The three casinos were closed throughout the second quarter of 2020 due to health-related concerns. During second quarter 2021, the three casinos paid $26 million in gaming taxes to the State of Michigan.

Retail sports betting revenue and taxes

The three casinos reported total retail sports betting gross receipts of $2,295,932. Total handle was $24,378,868.

Retail sports betting qualified adjusted gross receipts for June were:

  • Greektown, $819,272
  • MotorCity, $796,206
  • MGM, $680,434

The State of Michigan received $86,785 in retail sports betting taxes from the three Detroit casinos, which also reported submitting $106,071 in retail sports betting taxes to the City of Detroit.

Through June 30, 2021, aggregate retail sports betting qualified adjusted gross receipts by casino were:

  • MotorCity, $4,585,416
  • Greektown, $4,546,994
  • MGM, $3,410,243

Fantasy contests

Fantasy contest operators reported total adjusted May revenues of $1.3 million and paid $105,859 in taxes.

Through May, fantasy contest operators reported $7 million in aggregate fantasy contest adjusted revenues and paid $586,938 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."