Casinos in Detroit Announce May Revenue of $105.6 Million
The three Detroit casinos recorded total monthly revenue of $105.6 million for the month of May 2023, the MGCB reports. Table games and slot machines brought in $104.7 million, while retail sports betting brought in $893,732 in total.
- MGM Grand Detroit had a 47% market share;
- MotorCity Casino had a 31% market share;
- Hollywood Casino at Greektown had a 22% market share.
Revenue and Taxes from Table Games and Slots
Revenue from slots and table games in May fell 1.4% from May 2022 figures. Monthly revenue for May decreased by 4.5% from revenue for April. In comparison to the same period last year, table game and slot machine income at casinos climbed by 0.4% through May 31.
Compared to May 2022, the casinos’ month-based statistics on gaming revenue were inconsistent:
- Hollywood Casino at Greektown had revenue of $23.3 million, up 7.4%;
- MGM had revenue of $49.3 million, down 1.4%;
- MotorCity had revenue of $32.1 million, down 7.1%.
The three casinos in Detroit provided the State of Michigan $8.5 million in taxes for the month. This is a slight decrease from the $8.6 million paid the same month last year.
The casinos reported paying the City of Detroit $12.5 million in development agreement payments and wagering taxes for the month.