Casinos in Detroit report $106.1m in monthly aggregate revenue

September 14, 2022
By

Three casinos' table games and slots fell 6.9% in August compared to last year.

August saw three Detroit casinos total $106.1m in aggregate revenue for the month, a 6.9% decrease in table games and slots from the same time last year. 

Table games and slots generated $104.48m in revenue while retail sports betting produced $1.66m.

Market shares came in at MGM Resorts with 48%, Motor City at 31% and Hollywood Casino at Greektown at 21%.

Compared with August of 2021, revenue from table games and slots fell across all three casinos. 

MGM Resorts was down 3.7% to $50.31m, MotorCity fell 11.5% to $32.33m and Hollywood Casino at Greektown dropped 6.7% to $21.84m. 

Detroit casinos paid $8.5m gaming taxes in the month of August to Michigan state compared to $9.1m paid during the same month last year. 

The casinos also reported submitting $16.5m in wagering taxes and development agreement payments to Detroit during August of 2022.

Retail sports betting qualified adjusted gross receipts (QAGR) rose slightly, just 0.8% over August of 2021. 

MGM Resorts QAGR totaled $701,876 while MotorCity totaled $382,147 and Hollywood Casino at Greektown amounted to $578,830.

Detroit casinos reported a total retail sports betting handle of over $11m while total gross sports betting receipts were $1.66m for the three retail sportsbook locations.

Sports betting gaming taxes paid to the state of Michigan by the casinos totaled $62,856.

These casinos also paid $76,824 in wagering taxes and development agreement payments to the city of Detroit for the month of August. 

State-by-State

Product Spotlight

CasinoTrac

CasinoTrac is reducing handpay downtime by nearly 90% with SlotSUITE's Self-Pay & W-2 G printing at the slot machine.
GA HUDDLE #086

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.
GA HUDDLE #085

Christian Smith - Slot machines a "beautiful intersection of psychology and mathematics"

Bluberi's Christian Smith speaks to Gaming America in an enlightening Huddle. Topics include: the 'Australification' of US gambling, the blending of psychology and mathematics, and the rising trend of three-pot fillers.

As the Tribal gaming sector congregates once more in the Golden State, is it too cliché of me to suggest we are heading for a golden era of Tribal gaming? With the industry set to meet at the Indian Gaming Association t...

10-11-From-the-top
From The Top: Will youth be served by Sports Betting?
Two recent interviews in our Huddle podcast revealed to Las Vegas correspondent Brian Joseph just how young sports betting entrepreneurs are becoming.
12-GA-MAR-10-year-v2
The Global Gaming Awards: Rewarding Excellence
The 10th edition of the Global Gaming Awards took place in Las Vegas last year. Gaming America looks back... and ahead to this year's.
16-18-IGA-Preview
Preview: Indian Gaming Tradeshow & Convention
Gaming America looks ahead to the 2024 Indian Gaming Tradeshow & Convention and what attendees can expect when they arrive at the Anaheim Convention Centre.
20-22-GA-Mar-888-Holding-article
888 and the US Market: A cautionary tale
Gaming America explores the risk of resting on your laurels and the challenge of remaining relevant in a rapidly expanding market.