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Detroit casinos report $118.73 million in April revenue

10 May 2022

(PRESS RELEASE) -- The three Detroit casinos reported $118.73 million in monthly aggregate revenue during April 2022. Table games and slots generated $116.86 million in revenue while retail sports betting produced revenue of $1.87 million.

The April market shares were:

MGM Grand Detroit Casino, 48%
MotorCity Casino, 31%
Greektown Casino Hotel, 21%

Table Games and Slot Revenue and Taxes

April table games and slots revenue rose 8.8% compared with April 2021 results. April monthly revenue dropped 3.4% compared with March revenue. Through April 30, the casinos' table games and slots revenue rose 10.4% compared with the first four months of 2021. In early 2021, all three locations operated at reduced capacity because of COVID-19-related health concerns.

The casinos’ monthly gaming revenue results were mixed compared with April 2021:

MGM, up 31.4% to $56.76 million
MotorCity, down by 8.8% to $36.42 million
Greektown, down 2.6% to $23.68 million
During April, the three Detroit casinos paid $9.5 million in taxes to the State of Michigan compared with $8.7 million for the same month last year.

The casinos reported submitting $13.9 million in wagering taxes and development agreement payments to the City of Detroit during April.

Retail Sports Betting Revenue and Taxes

The three Detroit casinos reported $24,785,686 in total retail sports betting handle, and total gross receipts were $1.9 million.

Retail sports betting qualified adjusted gross receipts (QAGR) were up by 21.3% in April compared with the same month last year. April QAGR fell by 3% compared with March results.

April QAGR by casino was:

MGM Grand Detroit Casino, $405,385
MotorCity Casino, $552,841
Greektown Casino Hotel, $912,513

During April, the casinos paid $70,714 in taxes to the state and reported submitting $86,428 in taxes to the City of Detroit based on retail sports betting revenue.

Fantasy Contests

For March, fantasy contest operators reported total adjusted revenues of $984,560 and paid taxes of $82,703.

For the first quarter, fantasy contest operators reported $3.8 million in aggregate fantasy contest adjusted revenues and paid $315,013 in taxes.
 
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