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Detroit casino revenue rises in July


The Michigan Gaming Control Board (MGCB) has reported a rise in commercial casino revenue in July from its three Detroit casinos.

Revenue totaled at $116.9m for the month, a rise of 9.3% compared to June.

Table games and slots generated $115.7m in revenue, a month-on-month increase of 9.3%. Retail sports betting brought in $1.2m, which was a monthly decrease of 47.2%.

Year-on-year comparative figures are unavailable, as casinos were closed in July 2020 due to novel coronavirus (Covid-19) restrictions. Instead, the MGCB provided comparative figures for July 2019, where the casinos generated $119.0m in monthly revenue.

In terms of individual casinos, MGM Grand Detroit totaled at $53.8m in revenue, an increase of 16.1% compared to June. MotorCity’s July revenue was $38.5m, a rise of 3.4%, while Greektown casino’s revenue hit $23.4m, an increase of 4.9%.

MGM Grand Detroit’s market shares were 46%, followed by MotorCity at 34% and Greektown at 20%.

The total handle for July across the casinos was $18.2m, a significant 25.0% drop compared to the previous month.

For adjusted gross receipts, MotorCity took in the most at $637,681. Greektown came in second with $437,203, while MGM followed with $136,948.

Combined, all three casinos paid $45,807 in state taxes on retail sports betting in July, almost half of the $86,785 paid in June. The state also received $55,987 in retail sports betting taxes for the month.