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Detroit casino revenue up 2.9% to $101.5m in June


The three Detroit land-based casinos reported a 2.9% year-on-year increase in revenue in June, though a big win at MotorCity resulted in a sports betting loss for the month.

Revenue totalled $101.5m for the month, up from the $98.6m the casinos achieved in the same period in 2022.

However, the figure represented a 3.9% month-on-month decline compared to May.

MGM Grand Detroit stood as the market leader for the month with a 46% share of casino sector in the city. This compared to MotorCity’s 32% and Hollwood Casino at Greektown’s 22% slice of the land-based market.

Year-on-year increase in table revenue

Table games and slots accounted for the entirety of the month’s revenue at $101.9m. This was a 3.8% year-on-year increase from June last year.

However, on a monthly basis, the total represented a 2.7% decline in revenue from May.

In the six-month period to 30 June, table games and slots experienced a 0.9% increase from 2022.

The three casinos paid $8.3m in taxes to the Great Lakes State. This is a 3.8% increase compared to the $8.0m the businesses paid last year.

Meanwhile the land-based casinos also reported paying the City of Detroit $12.1m in wagering taxes and other payments in June.

Big win hits retail sports betting

The casinos said retail sports betting revenue came in at negative $395,606. This resulted from a player at MotorCity Casino winning a $972,000 bet on 18 June.

In June, the three casinos said it saw $8.1m in total retail sports betting handle.

Retail betting receipts declined by $1.3m compared to the previous month. Compared to the same month the previous year, receipts fell $844,308.

Looking at that breakdown by MGM reported $30,010 in revenue, MotorCity a loss of $708,625 and Hollywood Casino at Greektown revenue of $283,009.

For the month the casinos paid $11,832 in taxes to the state and $14,462 to the city of Detroit from its retail sports betting revenue.