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Detroit casinos report $116.9 million monthly aggregate revenue in July

10 Aug 2021

(PRESS RELEASE) -- The three Detroit casinos reported $116.9 million in monthly aggregate revenue for July. Table games and slots generated $115.7 million in revenue while retail sports betting generated $1.2 million.

July revenue was 9.3% higher than June results. The three Detroit casinos were closed during July 2020 due to COVID-19 restrictions. In July 2019, the casinos reported $119 million in monthly aggregate revenue.

During July, MGM Grand Detroit Casino recorded $53.8 million in revenue. MotorCity Casino's July revenue was $38.5 million. Greektown Casino Hotel reported $23.4 million in July revenue.

The July market shares were:
  • MGM, 46%
  • MotorCity, 34%
  • Greektown, 20%
The three Detroit casinos paid $9.4 million in gaming taxes to the State of Michigan during July.

The three Detroit casinos reported submitting $13.8 million in wagering taxes and development agreement payments to the City of Detroit during July.

Retail Sports Betting Revenue and Taxes

The casinos reported total gross sports betting receipts of $1,211,857, and total handle was $18,272,783.

Retail sports betting qualified adjusted gross receipts for July 31 were $1,211,832. Results by casino were:
  • MGM, $136,948
  • MotorCity, $637,681
  • Greektown, $437,203
The three Detroit casinos paid $45,807 in state taxes on retail sports betting during July. The three Detroit casinos also reported submitting $55,987 in retail sports betting taxes to the City of Detroit.

Fantasy Contests

For the month of June, fantasy contest operators reported total adjusted revenues of $1,312,438 and paid taxes of $110,245.

Fantasy contest operators reported aggregate fantasy contest adjusted revenues of $8.3 million and paid $697,183 year-to-date through June 30.
 
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