Detroit's 3 casinos report $116.9 million in July revenue

GreatLakesStakes.com

By Bryce Derouin

Detroit’s three commercial casinos saw a slight boost in revenue for July. Combined, MGM Grand Detroit, Greektown and MotorCity casinos reported $116.9 million in monthly aggregate revenue.

Table games and slots made up $115.7 million in revenue while MI sports betting generated $1.2 million with a total sports wagering handle of $18.2 million.

July’s total was revenue was 9.3% higher than June’s mark of $108.1 million. It was also the first July in two years Detroit’s three casinos were open after the COVID-19 pandemic forced closures throughout the summer of 2020. In July 2019, the casinos reported $119 million in aggregate revenue.

MGM Top in Market

MGM Grand Detroit led the gaming market in Detroit with $53.8 million in revenue. MotorCity was second at $38.5 million, while Greektown came in at $23.4 million. MGM’s total was 46% of the market share, with MotorCity (34%) and Greektown (20%) splitting just over the other half of the total market.

The three Detroit casinos paid $9.4 million in gaming taxes to the state of Michigan, in addition to $13.8 million in wagering taxes and development agreement payments to the city of Detroit.

Retail Sports Betting, Fantasy Contests

July’s retail sports betting handle of $18.2 million was down 25% from June’s mark of $24.1 million. Sports betting will likely be on the rise with college football and the NFL set to begin this fall.

MotorCity recorded the highest sports betting qualified adjusted gross receipts at $637,681. Greektown was second at $437,203 with MGM Grand Detroit third at $136,948.

The three casinos paid $45,807 in sports betting taxes to the state and $55,987 in sports betting taxes to Detroit.

For June, fantasy contest operators reported total adjusted revenues of $1.3 million paid $110,245 in taxes.

Fantasy contest operators reported aggregate fantasy contest adjusted revenues of $8.3 million and paid $697,183 through June 30.

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WRITTEN BY
GreatLakesStakes.com
Bryce Derouin
Bryce joined GreatLakesStakes.com after spending the last nine years covering high school and college sports throughout Michigan. He’s served as the primary Division II beat writer for Grand Valley State and Michigan Tech. Along with his newspaper background, he's worked in marketing and has experience covering casinos and gambling.
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Bryce joined GreatLakesStakes.com after spending the last nine years covering high school and college sports throughout Michigan. He’s served as the primary Division II beat writer for Grand Valley State and Michigan Tech. Along with his newspaper background, he's worked in marketing and has experience covering casinos and gambling.
... Read More