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Detroit Casinos’ September Revenue Is $110.4 Million, According to MGCB

According to the numbers released by the Michigan Gaming Control Board (MGCB) on Tuesday, the three casinos in Detroit had total revenue of $110.4 million in September. Compared to the revenue of September last year, which was $87.9 million, that is a 25% increase. However, it is worth noting that in September 2020, the facilities were operating at just 15% capacity due to COVID-19 health restrictions.

The revenue of September 2019 was 2% higher, though; in this month, Detroit’s casinos raked in $112.3 million.

Table and Slot Games Were The Main Contributors to the State

As the numbers suggest, slots and table games were responsible for a total of $106.9 million, while retail sports betting generated $3.5 million in revenue. The largest market share belonged to MGM Grand Detroit – 45%. MotorCity Casino Hotel’s market share was 34% and the market share of Greektown casino was 21%.

The casinos’ revenue from table and slot games in September was 21.6% higher than the revenue of these games in September 2020, but compared to August 2021, they were 4.7% lower, as reported by the MGCB. Last month, MGM recorded $48.4 million in revenue and MotorCity had $36.5 million in revenue, while Greektown’s revenue was $22 million. Compared to September 2020, all three casinos had higher revenue.

September’s revenue from slot and table games was increased by over 100% compared to the same period in 2020, when the casinos were either closed or had to work with a small capacity for longer periods. Currently, they have no restrictions concerning the allowed capacity.

All three casinos paid a total of $8.7 million in gaming taxes to Michigan in September, which is an increase compared to the $7.1 million in the same period last year. Additionally, they submitted $16.8 million in development agreement payments to Detroit and wagering taxes.

Aggregate Revenue in Q3 Was Also Up

The aggregate revenue of Q3 increased by 112.9% compared to 2020. In this quarter, MGM’s reported revenue was $154.4 million, MotorCity’s revenue was $111.6 million and, finally, Greektown’s revenue was $68.8 million.

During the same period, these three casinos paid a total of $27.1 million in taxes. That is a massive increase compared to Q3 in 2020; the taxes paid for that period were $12.7 million.

On the retail sports betting’s side, September’s qualified adjusted gross receipts were down 20.9% compared to September 2020, but they increased by 109.8% from August, as the MGCB reports.

MGM’s sports betting revenue in September was $1.3 million. MotorCity reported $1.2 million and Greektown’s sports betting revenue was $888,813. The total sports betting handle reported by the casinos was upwards of $32.5 million.

On the side of taxes, the casinos paid retail sports betting taxes of $130,885 to the state and an additional $159,970 to Detroit.

Michigan sports betting was launched in 2020, while online betting and online gambling launched in January 2021. The results are reported separately by the state.

Categories: Industry
Filip Mishevski: Filip Mishevski has been covering online gambling and cryptocurrencies for the past few years. He has written countless articles, how-to-guides, insights and news, and is keen on sharing his extensive knowledge in the aforementioned fields. He’s very passionate about soccer and MMA and is interested in how the online gambling industry will shape our future and thus, influence our lives.
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