Detroit Casinos Report $104.9M in August Revenue

The three Detroit casinos reported $104.9 million in monthly aggregate revenue for the month of August 2023, of which $104.6 million was generated from table games and slots, and $322,186 from retail sports betting.

The August market shares were:

• MGM, 47%
• MotorCity, 30%
• Hollywood Casino at Greektown, 23%

Table Games and Slot Revenue and Taxes

August table games and slot revenue decreased 2.0% when compared to July 2023 results. August monthly revenue was 0.1% higher than August 2022. From January 1 through August 31, the casinos’ table games and slots revenue increased by 0.8% compared to the same period last year.

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

• Hollywood Casino at Greektown, up 11.7% to $24.4 million
• MGM, down 1.7% to $49.5 million
• MotorCity, down 5.0% to $30.7 million

During August, the three Detroit casinos paid $8.47 million in taxes to the State of Michigan. They paid $8.46 million for the same month last year.

The casinos reported submitting $16.5 million in wagering taxes and development agreement payments to the City of Detroit in August.

Retail Sports Betting Revenue and Taxes

The three Detroit casinos reported $10.0 million in total retail sports betting handle, and total gross receipts were $327,291.

Retail sports betting qualified adjusted gross receipts (QAGR) were down by 80.6% compared to August 2022. August QAGR was down by 32.5% compared to July 2023.

August QAGR by casino was:

• MGM: $85,644
• MotorCity: $195,955
• Hollywood Casino at Greektown: $40,587

During August, the casinos paid $12,179 in gaming taxes to the state and reported submitting $14,885 in wagering taxes to the City of Detroit based on retail sports betting revenue.

Fantasy Contests

For July, fantasy contest operators reported total adjusted revenues of $1.2 million and paid taxes of $101,324.

From January 1 through July 31, fantasy contest operators reported $13.4 million in aggregate fantasy contest adjusted revenues and paid $1.1 million in taxes.