Michigan’s casinos take in $104.9m in revenue for August
The bulk, naturally, came from slots and table games.
The Michigan Gaming Control Board has released its casino revenue numbers for August. The state’s three Detroit casinos brought in $104.9m in monthly aggregate revenue during the month.
Retail sports betting from all three casinos contributed $322,186 to the overall revenue total. The other $104.6m came from slots and table games.
In a breakdown of revenue by casino, MGM in Detroit chipped in 47% of the total August revenue, while MotorCity and Hollywood Casino at Greektown generated 30% and 23% respectively.
MGM brought in the largest revenue total for the month, generating $49.5m. MotorCity ended the month with $30.7m, and Hollywood Casino at Greektown raked in $24.4m in revenue, up by 11.7% year-over-year.
When compared to results from July, table games and slot revenue taxes fell by 2%. However, monthly revenue from August was slightly higher than the results from one year ago.
The Control Board’s report also reflected a slight boost in casino slot and table games revenue from the period ranging from the first of the year until August 31. Revenue during that period rose by 0.8% when compared to the same period in 2022.
All three casinos posted a total sports betting handle that reached $10m during the month of August. Total gross receipts for the month reached $327,291.
The three Detroit casinos paid a total of $8.47m in state taxes and submitted $16.5m to the city of Detroit in wagering taxes and development agreements.
During the month, Detroit’s casinos paid $12,179 to the state in gaming taxes and submitted $14,885 in wagering taxes to the city based on their combined retail sports betting revenue.
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