Casinos in Detroit Report Total Monthly Revenue for January of $103.5 Million
1.5K
In January, the three casinos in Detroit recorded monthly total revenue of $103.5 million. Slots and table games brought in $103.4 million, while retail sportsbooks brought in $111,023 million, as reported by the Michigan Gaming Control Board (MGCB) in a recent press release.
In January, market shares were:
- MGM Grand Detroit had a 48% share of the market with $50.2 million
- Motor City had a 30% share of the market with $30.3 million
- Hollywood Casino at Greektown had a 22% share of the market with $22.9 million
Compared to January 2022 numbers, monthly income from slots and table games increased by 4.4%. As compared to December’s figures, revenue fell by 4.5%.
As compared to January 2022, monthly revenue from gaming at MGM increased by 3.2% to $50.2 million and at Motor City Casino by 1.3% to $30.3 million. In comparison to January 2022 figures, Hollywood Casino at Greektown recorded $22.9 million in monthly revenue, an increase of 11.9%.
Compared to $8 million for the same month last year, the three casinos in Detroit reported paying gaming taxes of $8.4 million to the State of Michigan in January.
The three casinos in Detroit reported paying the City of Detroit $16.3 million in development agreement payments and wagering taxes in January.
As compared to January 2022 figures, retail sports betting’s qualified adjusted gross revenues (QAGR) decreased by $1.8 million, or 94.3%, with total gross receipt of $149,379. QAGR decreased by 93.2%, or $1.5 million, less than December’s figures.
