Casinos in Detroit Report Revenue of $104.9 Million in August
For the month of August 2023, the three casinos in Detroit, MI, reported $104.9 million in total monthly income, of which $104.6 million came from table games and slot machines and $322,186 from retail sports betting, according to the MGCB.
- MGM Grand had a 47% market share;
- MotorCity Casino had a 30% market share;
- Hollywood Casino at Greektown had a 23% market share.
Revenue and Taxes From Table Games and Slots
Revenue from slots and table games in August fell 2.0% from the July 2023 figures. Monthly revenue in August was 0.1% higher than it was in August 2022. Table game and slot machine income at the casinos went up from January 1 through August 31 by 0.8% when compared to the same time in 2022.
Compared to August 2022, the casinos’ monthly gaming revenue statistics were inconsistent:
- Greektown’s Hollywood Casino saw an increase of 11.7% to $24.4 million;
- MGM saw a 1.7% decline to $49.5 million;
- MotorCity saw a 5.0% decline to $30.7 million.
The State of Michigan received $8.47 million in taxes from the three casinos in Detroit for the month of August. For the same month a year ago, they paid $8.46 million.
The casinos said they paid the City of Detroit $16.5 million in wagering taxes and development agreement payments in August.
Revenue from Retail Sports Betting
The three casinos in Detroit recorded a handle of $10.0 million in retail sports betting, with $327,291 in total gross revenue.
Fantasy tournament organizers reported $1.2 million in total adjusted income for July and paid $101,324 in taxes.
Fantasy contest organizers reported $13.4 million in total adjusted income from January 1 through July 31 and paid $1.1 million in taxes.