January 12, 2022 Casino, Online, Land Based

Detroit casinos generate $1.29bn in revenue during 2021

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These figures come close to totals from 2019.

Detroit's three casinos generated $1.294bn in aggregate revenue during 2021. These results fell short of 2019’s totals but exceeded 2020 results, which were significantly impacted by the pandemic.

MGM Grand Detroit, MotorCity Casino and Greektown Casino had netted close to $639m during 2020. All three casinos had been closed much of the year due to Covid-19 restrictions.

Prior to the pandemic, 2019 revenues reached $1.45bn.

MGM Grand Detroit led with 43% market share last year. MotorCity Casino ended the year with 35% market share, while Greektown Casino had 22%.

Year-over-year, revenue tied to slots and table games rose 104.2% to $1.27bn in 2021, according to the Gaming Control Board. All three casinos reported gaming revenues up more than 100% compared to 2020. MGM Grand Detroit reported $554m in gaming revenue. MotorCity reported $438.3m, and Greektown reported $274.5m.

Slots generated $998.8m, which accounted for 77% of 2021 revenues. Table games, meanwhile, brought in $268m. Retail sports betting produced revenue of $26.95m, according to numbers released by the Michigan Gaming Control Board. The totals don't include revenue from online gambling. Those numbers are reported separately.

All three casinos paid $102.6m in wagering taxes on slots and table games revenue to the state of Michigan last year, up more than 100% from 2020's $50.3m. The casinos reported making $160.8m in wagering taxes and development agreement payments on slots and table game revenue to the city in 2021.

The Detroit casinos paid $1m in taxes tied to retail sports betting to the state last year, up from $690,865 in 2020. They paid $1.26m in retail sports betting taxes to the city.

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