Detroit’s casinos generate $109.4m in April revenue
However, revenue fell both month-over-month and year-over-year.
The Michigan Gaming Control Board has published its April results for the state’s three Detroit casinos. During the month, all three venues reported $109.4m in combined revenue.
Table games and slot revenue from the city’s three casinos accounted for almost $107.9m of the total for the month. The remaining nearly $1.6m in revenue came from retail sports betting.
However, revenue during the month fell by 1.6% when compared to last year’s April revenue report. Revenue in April also decreased month-over-month, reflecting an 11.8% drop versus March’s total revenue.
Slot and table game revenue from all three Detroit casinos fell as well, declining 1.6% year-over-year.
MGM remained the leader for last month, accounting for 46% of April’s market shares. MotorCity and Hollywood Casino at Greektown followed close behind, with 30% and 24% respectively.
Hollywood Casino at Greektown was the only casino last month to report an increase in revenue, which grew by less than a percentage point in April.
MGM’s December revenue fell by 0.7%, and MotorCity reported a 4.5% revenue decrease.
Detroit’s casinos paid the state $8.7m in gaming taxes during the month of April and contributed an additional $12.8m in wagering taxes and development agreement payments to the city.
Concerning retail sports betting, the city’s three casinos brought in a total handle of almost $15.3m during the month of April, with $1.8m in total gross receipts.
Qualified adjusted gross receipts (QAGR) for the month rose by $3.1m year-over-year.
MotorCity grabbed the top spot for sports betting activity for the month, reporting a QAGR of $1.5m.
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