Having trouble viewing this email? View it as a Web page [ [link removed] ].
Bookmark and Share [ [link removed] ]

Michigan Gaming Control Board

*Contact:* [email protected]

*FOR IMMEDIATE RELEASE*

*Detroit casinos report $109.7 million in April revenue*

DETROIT, May 9, 2023 ? The three Detroit casinos reported $109.7 million in monthly aggregate revenue during April 2023. Table games and slots generated $109.6 million in revenue while retail sports betting produced revenue of $120,350.

The April market shares were:


* MGM, 46%
* MotorCity, 30%
* Hollywood Casino at Greektown, 24%

*Table Games and Slot Revenue and Taxes*

April table games and slots revenue decreased 6.2% compared with April 2022 results. April monthly revenue dropped 6.9% compared with March revenue. Through April 30, the casinos' table games and slots revenue rose 0.8% compared with the first four months of 2022.

The casinos? monthly gaming revenue results were mixed compared with April 2022:


* Hollywood Casino at Greektown, up 6.3% to $25.2 million
* MGM, down by 11.5% to $50.2 million
* MotorCity, down by 6.1% to $34.2 million

During April, the three Detroit casinos paid $8.9 million in taxes to the State of Michigan compared with $9.5 million for the same month last year.

The casinos reported submitting $13.0 million in wagering taxes and development agreement payments to the City of Detroit during April.

*Retail Sports Betting Revenue and Taxes*

The three Detroit casinos reported $15,305,885 in total retail sports betting handle, and total gross receipts were negative ($14,489).

Due to a patron successfully winning $2.6 million at MotorCity Casino placing parlay wagers [ [link removed] ], retail sports betting qualified adjusted gross receipts (QAGR) were down by 93.6% in April compared with the same month last year. April QAGR fell by 91.5% compared with March results.

April QAGR by casino was:


* MGM, $432,195
* MotorCity, negative ($1.7 million)
* Hollywood Casino at Greektown, $1.4 million

During April, the casinos paid $69,237 in taxes to the state and reported submitting $84,624 in taxes to the City of Detroit based on retail sports betting revenue.

*Fantasy Contests*

For March, fantasy contest operators reported total adjusted revenues of $2.1 million and paid taxes of $177,504.

From January 1 through March 31, fantasy contest operators reported $6.8 million in aggregate fantasy contest adjusted revenues and paid $572,626 in taxes.

""The Michigan Gaming Control Board shall ensure the conduct of fair and honest gaming to protect the interests of the?citizens of the State of Michigan.""


* DetroitCasino RSB-April2023.xls [ [link removed] ]
* DetroitCasino Revenue-April2023.xls [ [link removed] ]
* 2023.05.09-PR-Detroit_Casinos_April_Revenue.pdf [ [link removed] ]
* FantasyContests-March2023.xlsx [ [link removed] ]
________________________________________________________________________

mgcb logo ?Questions?
?Contact Us [ [link removed] ]

STAY CONNECTED: Sign up for email updates [ [link removed] ] ? ? ? ?

SUBSCRIBER SERVICES:
Manage Preferences [ [link removed] ]??|??Unsubscribe All [ [link removed] ]? |? Subscription Help [ [link removed] ]

________________________________________________________________________

This email was sent to [email protected] using GovDelivery Communications Cloud on behalf of: Michigan Gaming Control Board ? 3062 West Grand Boulevard, Suite L-700 ? Detroit, MI 48202-6062 ? (313) 456-4100 ? [ [link removed] ]