According to the monthly report from the Michigan Gaming Control Board, Detroit’s three casinos collected $100.9 million in revenue in January.
Table games and slots generated $98.97 million in revenue while retail sports betting produced $1.93 million. The figures do not include revenue from online gaming and sports betting, which is reported separately.
For the month, MGM Grand Detroit had a 49% market share while MotorCity Casino Hotel had a 30% and Greektown Casino had a 21%.
Revenue tied to table games and slots was up 14% year-over-year but down 11.1% from December. The casinos were operating at limited capacity in January 2021 due to pandemic-related restrictions.
The casinos paid $8 million in gaming taxes to the state last month, up from $7 million in January 2021. They submitted $11.8 million in wagering taxes and development agreement payments to the city for January.
Meanwhile, the total sports betting handle was $35.87 million for the month. Gross receipts tied to retail sports betting totaled $1.97 million. Qualified adjusted gross receipts fell 52.4% in January to $1.93 million compared with the same period last year, but rose 74.8% compared to December’s results.
The state received $73,070 in taxes from retail sports betting. And the casinos submitted $89,308 in retail sports betting taxes to the city.
Original article: https://www.yogonet.com/international/news/2022/02/16/61421-detroit-casinos-take–1009m-revenue—358m-in-retail-sports-bets-in-january
