Detroit casinos report $109.7 million in April revenue

 

The three Detroit casinos reported $109.7 million in monthly aggregate revenue during April 2023. Table games and slots generated $109.6 million in revenue while retail sports betting produced revenue of $120,350.

The April market shares were:

  • MGM, 46%
  • MotorCity, 30%
  • Hollywood Casino at Greektown, 24%

Table Games and Slot Revenue and Taxes

April table games and slots revenue decreased 6.2% compared with April 2022 results. April monthly revenue dropped 6.9% compared with March revenue. Through April 30, the casinos’ table games and slots revenue rose 0.8% compared with the first four months of 2022.

The casinos’ monthly gaming revenue results were mixed compared with April 2022:

  • Hollywood Casino at Greektown, up 6.3% to $25.2 million
  • MGM, down by 11.5% to $50.2 million
  • MotorCity, down by 6.1% to $34.2 million

During April, the three Detroit casinos paid $8.9 million in taxes to the State of Michigan compared with $9.5 million for the same month last year.

The casinos reported submitting $13.0 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 $15,305,885 in total retail sports betting handle, and total gross receipts were negative ($14,489).

Due to a patron successfully winning $2.6 million at MotorCity Casino placing parlay wagers, retail sports betting qualified adjusted gross receipts (QAGR) were down by 93.6% in April compared with the same month last year. April QAGR fell by 91.5% compared with March results.

April QAGR by casino was:

  • MGM, $432,195
  • MotorCity, negative ($1.7 million)
  • Hollywood Casino at Greektown, $1.4 million

During April, the casinos paid $69,237 in taxes to the state and reported submitting $84,624 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 $2.1 million and paid taxes of $177,504.

From January 1 through March 31, fantasy contest operators reported $6.8 million in aggregate fantasy contest adjusted revenues and paid $572,626 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.”