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 $107.2 million monthly revenue in July*

*Detroit, Aug. 9, 2022 *? The three Detroit casinos reported $107.2 million in monthly aggregate revenue during July. Table games and slots produced $105.9 million in revenue, and retail sports betting generated $1.3 million.

Monthly market shares were:


* MGM, 48%
* MotorCity, 33%
* Hollywood Casino at Greektown, 19%

*Table Games and Slot Revenue and Taxes*

The casinos? table games and slots revenue fell 8.4% compared with July 2021 results. Monthly revenue rose 7.9% compared with June numbers. Through July 31, table games and slots revenue increased 3% compared with results for the first seven months of last year.

Monthly gaming revenue results declined year over year for all three casinos:


* MGM, down 4.7% to $51.2 million
* MotorCity, down 9.6% to $34.8 million
* Hollywood Casino at Greektown, down 15% to $19.9 million

The three Detroit casinos paid $8.6 million in wagering taxes to the State of Michigan during July compared with $9.4 million for the same month last year.

During July, the three Detroit casinos reported submitting $12.6 million in wagering taxes and development agreement payments to the City of Detroit.

*Retail Sports Betting Revenue and Taxes*

Retail sports betting qualified adjusted gross receipts (QAGR) rose 3.8% to $1.3 million during July compared with July 2021 results. QAGR was up by $809,532 from June results of $448,703. The Detroit casinos reported total retail sports betting handle of $18,860,759 and total gross receipts of $1.3 million.?

July QAGR totals by casino were:


* MGM, $807,710
* MotorCity, $238,320
* Greektown, $212,205

The state received $47,561 in retail sports betting taxes from the three Detroit casinos. The casinos also reported submitting $58,130 in retail sports betting wagering taxes and development agreement payments to the city during July.

Year-to-date retail sports betting QAGR through July by casino was:


* MGM, $2.3 million
* MotorCity, $2.4 million
* Hollywood Casino at Greektown, $4.3 million

*Fantasy Contests*

Fantasy contest operators reported total adjusted revenues of $1 million during June and paid taxes of $84,062.

For the first six months of 2022, fantasy contest operators reported $7.4 million in adjusted revenues and paid $622,691 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.""


* FantasyContests June 2022 all vendors.xlsx [ [link removed] ]
* Detroit Casino revenue July 2022.xls [ [link removed] ]
* Detroit casino revenue July 2022 .docx [ [link removed] ]
* Detroit Casino RSB July 2022.xls [ [link removed] ]
________________________________________________________________________

Michigan Gaming Control Board 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] ]