The Michigan Gaming Control Board (MGCB) reported that Detroit’s three casinos generated $106.1m in revenue in August, down by 1.0% compared to July, but up by 9.1% compared to August 2021.
Table games and slots made up $104.4m of this, down by 6.9% from August 2021 and also down 1.4% from July. Detroit’s MGM casino contributed $50.3m of this, a fall of 3.7% year-on-year, while MotorCity brought in $32.3m – declining by 11.5%. Hollywood Casino at Greektown generated the remaining $21.8m in revenue, down by 6.7% year-on-year.
In total, the three casinos paid $8.5m in gaming taxes to the state of Michigan throughout the month, $600,000 less than in August 2021. In addition, $16.5m was paid in wagering taxes and development agreement payments to the city of Detroit.
Retail sports betting
Retail sports betting made up $1.6m of the total revenue, a slight increase of 0.8% year-on-year but up by 23.0% from July.
The MGM retail sports betting facility contributed $701,876 in revenue, the highest amount across the three operators. This was followed by Hollywood Casino at Greektown, which contributed $578,830. MotorCity generated $382,147.
Total sports betting handle for the month was $11.0m. Across the month, $62,856 was paid to the state of Michigan in retail sports betting taxes. In addition, $76,824 was submitted in wagering taxes and development agreements to the city of Detroit.
For the year through to August 31, retail sports betting revenue across the casinos was $10.7m. Hollywood Casino at Greektown has contributed the highest amount so far, bringing in $4.9m in revenue, followed by MGM with $3.0m and MotorCity with $2.8m.
Operators that conduct fantasy contests generated revenue of $1.1m and paid $93,849 in taxes.
For the first eight months of 2022 in total, fantasy operators have brought in $8.5m in revenue and paid taxes amounting to $716,540.