[NEWS RELEASE] Detroit casinos report $101.5M in June revenue

Michigan Gaming Control Board sent this bulletin at 07/18/2023 11:38 AM EDT

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Michigan Gaming Control Board

FOR IMMEDIATE RELEASE
Contact: MGCB-Media@michigan.gov

Detroit casinos report $101.5M in June revenue

DETROIT, July 18, 2023 — The three Detroit casinos reported $101.5 million in monthly aggregate revenue for the month of June 2023, of which $101.9 million was generated from table games and slots. Retail sports betting yielded a negative $395,606, in large part due to a patron successfully winning $972,000 at MotorCity Casino on June 18.

The June market shares were:

  • MGM, 46%
  • MotorCity, 32%
  • Hollywood Casino at Greektown, 22%

Table Games and Slot Revenue and Taxes
June table games and slot revenue increased 3.8% when compared to June 2022 results. June monthly revenue dropped 2.7% compared to May revenue. Through June 30, the casinos’ table games and slots revenue increased by 0.9% compared to the same period last year.

The casinos’ monthly gaming revenue results were mixed compared to June 2022:

  • Hollywood Casino at Greektown, up 36.8% to $22.4 million
  • MGM, down 2.7% to $47.0 million
  • MotorCity, down 3.0% to $32.5 million

During June, the three Detroit casinos paid $8.3 million in taxes to the State of Michigan. They paid $8.0 million for the same month last year.

The casinos reported submitting $12.1 million in wagering taxes and development agreement payments to the City of Detroit in June.

Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $8.1 million in total retail sports betting handle, and total gross receipts yielded a negative $378,641.

Retail sports betting qualified adjusted gross receipts (QAGR) were down by $1.3 million compared to May 2023. June QAGR was down $844,308 compared to the same month last year.

June QAGR by casino was:

  • MGM, $30,010
  • MotorCity, negative ($708,625)
  • Hollywood Casino at Greektown, $283,009

During June, the casinos paid $11,832 in taxes to the state and reported submitting $14,462 in taxes to the City of Detroit based on retail sports betting revenue.

Fantasy Contests
For May, fantasy contest operators reported total adjusted revenues of $1.9 million and paid taxes of $155,539.

From January 1 through May 31, fantasy contest operators reported $10.8 million in aggregate fantasy contest adjusted revenues and paid $903,369 in taxes.

Gambling in any form is for entertainment purposes only. If someone has a gambling problem, please call the state's 24-hour, toll-free helpline at 1-800-270-7117 or the MGCB's responsible gaming section at 1-888-223-3044. You also may visit the Responsible Gaming page of the MGCB website for information on self-exclusion programs including the Disassociated Persons List and the Internet Gaming and Sports Betting Responsible Gaming Database. Also, visit DontRegretTheBet.org for additional tools to help citizens game responsibly.

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. Learn more at Michigan.gov/MGCB.

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