Three Casinos in Detroit Announce April Revenue of $109.7 Million
In April 2023, the three casinos in Detroit recorded total monthly revenue of $109.7 million. Table games and slot machines brought in $109.6 million, while retail sportsbooks brought in $120,350.
The market shares for April were:
- MGM Grand Detroit, 46%;
- MotorCity Casino, 30%;
- Hollywood Casino at Greektown, 24%.
Taxes and Revenue from Slots and Table Games
Revenue from table games and slots in April fell 6.2% from April 2022 figures. Monthly revenue for April decreased by 6.9% from revenue for March. Revenue from table games and slot machines at the casinos increased until April 30 by 0.8% over the same period in 2022.
When compared to April 2022, the casinos’ monthly gaming revenue statistics were inconsistent:
- MGM Grand Detroit decreased by 11.5% to $50.2 million;
- Hollywood Casino at Greektown increased by 6.3% to $25.2 million;
- MotorCity Casino had a 6.1% decrease to $34.2 million.
Detroit casinos paid the State of Michigan $8.9 million in taxes in April as opposed to $9.5 million in the same month last year.
The casinos said they paid the City of Detroit wagering taxes and development agreement fees totaling $13.0 million in April.
The combined retail sports betting handle recorded by the three casinos in Detroit was $15,305,885, but total gross receipts went down $14,489.