Casinos in Detroit Reported Total Monthly Revenue of $106.14 Million in August
In August, the three casinos in Detroit recorded total monthly revenue of $106.14 million. Table games and slot machines brought in $104.48 million, while retail sports betting brought in $1.66 million.
Income and Market Share for August 2022
MGM Grand Detroit accounts for 48% of revenue (it’s also the land-based partner of some of the best Michigan online gambling sites), followed by MotorCity (31%), Hollywood Casino in Greektown (21%).
Monthly income from table games and slot machines at the casinos decreased by 6.9% from August 2021. Additionally, revenue dropped 1.4% from July’s figures. Table game and slot machine income for the year as of August 31 went up 1.7% over the same eight-month period in 2021.
Monthly slot and table gaming income by property decreased overall when compared to August 2021 results:
- MGM Grand Detroit had a 3.7% decline to $50.31 million;
- MotorCity fell 11.5% to $32.33 million;
- Hollywood Casino in Greektown saw a decrease in revenues of 6.7% to $21.84 million.
Compared to the $9.1 million paid in August 2021, the casinos in Detroit paid the State of Michigan $8.5 million in gaming taxes throughout August.
The three casinos in Detroit reported paying the City of Detroit $16.5 million in betting taxes and development agreement payments in August.