Detroit casinos report $118.73 million in April revenue

10 May 2022

(PRESS RELEASE) -- The three Detroit casinos reported $118.73 million in monthly aggregate revenue during April 2022. Table games and slots generated $116.86 million in revenue while retail sports betting produced revenue of $1.87 million.

The April market shares were:

MGM Grand Detroit Casino, 48%
MotorCity Casino, 31%
Greektown Casino Hotel, 21%

Table Games and Slot Revenue and Taxes

April table games and slots revenue rose 8.8% compared with April 2021 results. April monthly revenue dropped 3.4% compared with March revenue. Through April 30, the casinos' table games and slots revenue rose 10.4% compared with the first four months of 2021. In early 2021, all three locations operated at reduced capacity because of COVID-19-related health concerns.

The casinos’ monthly gaming revenue results were mixed compared with April 2021:

MGM, up 31.4% to $56.76 million
MotorCity, down by 8.8% to $36.42 million
Greektown, down 2.6% to $23.68 million
During April, the three Detroit casinos paid $9.5 million in taxes to the State of Michigan compared with $8.7 million for the same month last year.

The casinos reported submitting $13.9 million in wagering taxes and development agreement payments to the City of Detroit during April.

Retail Sports Betting Revenue and Taxes

The three Detroit casinos reported $24,785,686 in total retail sports betting handle, and total gross receipts were $1.9 million.

Retail sports betting qualified adjusted gross receipts (QAGR) were up by 21.3% in April compared with the same month last year. April QAGR fell by 3% compared with March results.

April QAGR by casino was:

MGM Grand Detroit Casino, $405,385
MotorCity Casino, $552,841
Greektown Casino Hotel, $912,513

During April, the casinos paid $70,714 in taxes to the state and reported submitting $86,428 in taxes to the City of Detroit based on retail sports betting revenue.

Fantasy Contests

For March, fantasy contest operators reported total adjusted revenues of $984,560 and paid taxes of $82,703.

For the first quarter, fantasy contest operators reported $3.8 million in aggregate fantasy contest adjusted revenues and paid $315,013 in taxes.

Related Links
Michigan Gaming Control Board Gaming Vendor Information
Greektown Casino Hotel Details
MGM Grand Detroit Casino Details
MotorCity Casino Details
Ranked Online Fantasy Sports Sites
Ranked Online Sportsbooks

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