Casinos in Detroit report $108.7m in revenue for May 2022
Table games and slots contributed $106.3m of the total revenue for the month.
Three Detroit casinos combined for a total of $108.7m in monthly aggregate revenue through the month of May. MGM Grand Detroit came in with a market share of 46%, leading the three casinos.
Following closely behind was Motor City Casino at 32% and then Hollywood Casino at Greektown at 22%. May table games revenue declined 1.5% from May 2021, following another decline of 9.1% from April 2022.
Through May 31, table games and slot revenue rose 7.8% compared with the same five-month period of 2021. However, in early 2021, all three locations operated at reduced capacity because of COVID-19-related health concerns.
In terms of table games for each casino, MGM was up 8.3% to $50m, MotorCity Casino fell 9.5% to $34.6m, and Hollywood Casino at Greektown went down 8% to $21.7m.
In May, the three Detroit casinos paid $8.6m in gaming taxes compared with $8.7m in May 2021. These casinos also reported submitting $12.6m in wagering taxes and development agreement payments to the City of Detroit.
Retail sports betting qualified adjusted gross receipts (QAGR) went up 36.6% in May when compared with the same month of the prior year. The monthly QAGR was also 27.7% higher than in April.
Individually, MGM’s QAGR was $220,028, Motor City came in at $575,469, and Hollywood Casino at Greektown hit just under $1.6m.
Detroit’s three casinos reported $22,767,276 total retail sports betting handle and $2.4m in total gross receipts during May. Fantasy contest operators reported total adjusted revenues of $1.3m and paid taxes of $110,652 during April.
Through April 30, $5.1m in aggregate fantasy contest adjusted revenues were reported for 2022.
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