News Release: Detroit casinos report $100.9 million in January aggregate revenue

Michigan Gaming Control Board sent this bulletin at 02/15/2022 10:05 AM EST

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Michigan Gaming Control Board

Contact: Mary Kay Bean, beanm1@michigan.gov

For Immediate Release: 

Detroit casinos report $100.9 million in January aggregate revenue

Detroit, Feb. 15, 2022 - The three Detroit casinos reported $100.9 million in monthly aggregate revenue in January. Table games and slots generated $98.97 million in revenue while retail sports betting contributed $1.93 million. 

 The January market shares were:

  • MGM, 49%
  • MotorCity, 30%
  • Greektown, 21%

Table Games and Slot Revenue and Taxes

The casinos' January table games and slots revenue was up 14% compared with January 2021 results. Revenue was down 11.1% from December 2021 results.

Compared with January 2021, monthly gaming revenue rose 43.3% to $48.65 million for MGM and grew 4.1% to $20.45 million for Greektown. MotorCity's monthly gaming revenue fell 9.9% to $29.87 million. The casinos operated at limited capacity in January 2021 due to pandemic-related health concerns.

The three Detroit casinos paid $8 million in gaming taxes to the State of Michigan during January compared with $7 million for the same period last year.

The three Detroit casinos reported submitting $11.8 million in wagering taxes and development agreement payments to the City of Detroit during January.

 Retail Sports Betting Revenue and Taxes

Total gross receipts for retail sports betting were $1.97 million. Retail sports betting qualified adjusted gross receipts (QAGR) dropped 52.4% in January to $1.93 million compared with the same month last year. Monthly QAGR was up by 74.8% when compared with December results.

 QAGR by casino was:

  • MGM, $481,785
  • MotorCity, $521,493
  • Greektown, $929,796

Total handle was $35.87 million.

The state received $73,070 in taxes from the casinos on retail sports betting. The three Detroit casinos reported submitting $89,308 in retail sports betting taxes to the city.

Fantasy Contests

For December, fantasy contest operators reported total adjusted revenues of $772,465 and paid taxes of $64,887.

For full year 2021, fantasy contest operators reported $16.2 million in aggregate fantasy contest adjusted revenues and paid $1.4 million in taxes.

"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."

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