Detroit casinos bring in $105.6m for May, pay $8.5m in taxes

Detroit’s three casinos reported $105.6m in May revenue, down 2.9% from May the previous year. Table games and slots still make up the bulk of this figure, generating $104.7m of that total.

In May 2022, retail sports betting across the three casino locations brought in $2.4m, but this May did not hit the million mark, and only managed revenue of $893,732. May’s monthly table game and slot revenue also decreased by 1.4% when compared to 2022.

Sports betting handle in Detroit’s casinos reached $16.9m with a gross receipts total of $921,268. Qualified adjusted gross receipts (QAGR) rose when compared to the previous month, but down 62.6% from last year.

Operators of fantasy contests in the Wolverine State posted total adjusted revenue of $2.1m. Fantasy sports operators have already paid $747,830 in taxes from January 1 to April 30 this year.

The three casinos have a share of the market that remained largely consistent when comparing year-on-year figures.

MGM Grand Detroit led the monthly gaming revenue for the three casinos, bringing in $49.3m, though this represented a 1.4% decrease year-on-year.

MotorCity Casino Hotel also experienced a drop in revenue to $32.1m, while Hollywood Casino at Greektown increased its revenue by 7.4% to $23.3m.

The State of Michigan has received $8.5m in taxes this month, slightly down from $8.6m the previous year. This May, $12.5m in wagering taxes and development agreements was also paid to the city of Detroit.

Stephanie Feeley

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