News Release: Detroit casinos report $114.1 million October monthly aggregate revenue

Michigan Gaming Control Board sent this bulletin at 11/10/2021 12:00 PM EST

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Michigan Gaming Control Board

Contact: Mary Kay Bean, beanm1@michigan.gov

For Immediate Release

Detroit casinos report $114.1 million October monthly aggregate revenue

Detroit, Nov. 10, 2021 — The three Detroit casinos reported $114.1 million in monthly aggregate revenue during October. Table games and slots generated $111.5 million in revenue while retail sports betting produced $2.6 million.

The market shares were:

  • MGM, 47%
  • MotorCity, 33%
  • Greektown, 20%

Table Games and Slot Revenue and Taxes

The casinos’ table games and slots October monthly revenue was 18.9% higher than October 2020 numbers. Monthly revenue was up by 4.2% when compared with September results. Year-to-date table games and slots revenue rose 91.1% through Oct. 31, 2021, compared with the first 10 months of last year when the casinos were closed from mid-March until early August because of COVID-19 health-related concerns.

Compared with October 2020, monthly gaming revenue rose:

  • MGM, 39.4% to $52.7 million
  • MotorCity, 1.8% to $36.9 million
  • Greektown, 10.8% to $21.9 million

For October, the three Detroit casinos submitted to the State of Michigan $9 million in gaming taxes compared with $7.6 million for the same period last year.

The three Detroit casinos reported submitting $13.8 million in wagering taxes and development agreement payments to the City of Detroit during October.

Retail Sports Betting Revenue and Taxes

Retail sports betting qualified adjusted gross receipts (QAGR) were down 65.2% during October compared with the same month last year and down by 23.6% when compared with September 2021 results. Total gross receipts were $2,642,322, and total handle was $34,221,338.

October QAGR totals by property were:

  • MGM, $1,385,030
  • MotorCity, $671,009
  • Greektown, $588,847

State taxes from the Detroit casinos’ retail sports betting were $99,977. The three Detroit casinos also reported submitting $122,194 in retail sports betting taxes to the City of Detroit.

Year to date through Oct. 31, aggregate retail sports betting qualified adjusted gross receipts by property were:

  • MGM, $7,125,404
  • MotorCity, $7,364,269
  • Greektown, $7,022,289

Fantasy Contests

For the month ended Sept. 30, fantasy contest operators reported total adjusted revenues of $1,571,786 and paid taxes of $132,030.

For year-to-date through Sept. 30, 2021, fantasy contest operators reported aggregate fantasy contest adjusted revenues of $11.9 million, and taxes paid were $1 million.

"The Michigan Gaming Control Board shall ensure the conduct of fair and honest gaming to protect the interests of the citizens of the State of Michigan."