Detroit’s three casinos –MGM Grand Detroit, Motor City Casino, and Hollywood Casino at Greektown– reported $118.73 million in revenue during April 2022, up from $109.5 million in April 2021, according to the Michigan Gaming Control Board (MGCB). Table games and slots generated $116.86 million in revenue while retail sports betting produced revenue of $1.87 million.
The MGCB reports that only MGM Grand Detroit saw an increase in slot and table game revenue year-over-year as it was up 31.4% to $56.76 million. Meanwhile, Motor City was down by 8.8% to $36.42 million and Hollywood Casino at Greektown -which rebranded to its current name last month– was down 2.6% to $23.68 million. MGM made up 48% of revenue generated last month while Motor City and Greektown generated 31% and 21% of the slot and table game revenue respectively.
In terms of retail sports betting, the three casinos combined for $1.9 million in revenue, up 21.3% compared to April 2021, but down by 3% when compared to March 2022. Greektown led the way in sports-betting revenue, taking in $912,513, followed by Motor City ($552,841), and MGM ($405,385).
During April, the three Detroit casinos paid $9.5 million in taxes to the state of Michigan compared to the $8.7 million in April 2021. The MGCB also says the casinos returned $13.9 million in wagering taxes and development agreement payments to the City of Detroit for the past month.
Earlier this month, the Michigan Gaming Control Board announced the addition of fantasy contest operator license applications to its official website. The agency may now issue two types of licenses: an operator license is needed to conduct or offer fantasy contests for play; while a management company licensee handles the day-to-day fantasy contest operations for an operator.
Original article: https://www.yogonet.com/international/news/2022/05/12/62584-detroit-casinos-report-revenue-growth-to–118m-in-april-driven-by-mgm-grand-39s-31–jump
