Detroit casinos generate $105.9m in July revenue
MGM was the only casino to post revenue growth during the month.
The Michigan Gaming Control Board has published its July results for the state’s three Detroit casinos. During the month, all three locations reported $105.9m in combined revenue.
Revenue rose slightly last month when compared to the $105.4m in revenue the state reported in June.
Table games and slot revenue from the city’s three casinos accounted for almost $106.3m of the total for the month. Retail sports betting reported a loss for the month of nearly $400,000.
Last month’s report showed that revenue from both slots and table games reflected a 0.4% decrease year-over-year.
As in previous months, MGM held the top spot last month, accounting for 48% of July’s market shares. MotorCity and Hollywood Casino at Greektown followed close behind, with 29% and 23% respectively.
MGM was the only casino last month to report an increase in July monthly gaming revenue. The casino’s total revenue reached nearly $51.3m last month.
MotorCity reported a 0,5% dip in July revenue when compared to numbers from June. Total revenue reached $31.2m for the month.
Hollywood Casino at Greektown posted almost $23.8m in revenue last month, down by 6.1% month-over-month.
Detroit’s casinos paid the state $8.6m in gaming taxes during July and contributed an additional $12.7m 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 $6.6m during the month of July, with a loss of $0.4m in total gross receipts.
Qualified adjusted gross receipts (QAGR) for the month fell by more than $0.8m month-over-month.
Hollywood Casino at Greektown grabbed the top spot for sports betting activity for the month, reporting a QAGR of nearly $0.2m.
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