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Michigan Gaming Control Board
*Contact:*
[email protected]
*For Immediate Release:*
*Detroit casinos report $106.14 million monthly aggregate revenue in August*
*Detroit, Sept. 13, 2022* ? The three Detroit casinos reported $106.14 million in monthly aggregate revenue in August. Table games and slots generated $104.48 million in revenue while retail sports betting produced $1.66 million in revenue.
August market shares were:
* MGM, 48%
* MotorCity, 31%
* Hollywood Casino at Greektown, 21%
*Table Games and Slot Revenue and Taxes*
The casinos? table games and slots monthly revenue fell 6.9% compared with August 2021. Revenue also was down 1.4% from July results. Year-to-date through Aug. 31, table games and slots gaming revenue increased 1.7% from results for the same eight-month period last year.
Compared with August 2021 results, monthly slots and table games revenue by property fell across the board:
* MGM, down 3.7% to $50.31 million
* MotorCity, down 11.5% to $32.33 million
* Hollywood Casino at Greektown, down 6.7% to $21.84 million
During August, the Detroit casinos paid $8.5 million gaming taxes to the State of Michigan compared with $9.1 million paid during August 2021.
The three Detroit casinos reported submitting $16.5 million in wagering taxes and development agreement payments to the City of Detroit during August.
*Retail Sports Betting Revenue and Taxes*
Retail sports betting qualified adjusted gross receipts (QAGR) during August rose a fractional 0.8% when compared with August 2021 results. QAGR increased 32.2% compared with July results.
August QAGR by property was:
* MGM, $701,876,
* MotorCity, $382,147
* Hollywood Casino at Greektown, $578,830
The three Detroit casinos reported total retail sports betting handle of $11,003,753.? Total gross sports betting receipts were $1.66 million for the three retail sportsbook locations.?
During August, retail sports betting gaming taxes paid to the State of Michigan were $62,856 compared with $62,371 paid in August 2021.
The three Detroit casinos reported submitting $76,824 in wagering taxes and development agreement payments to the City of Detroit during August.
Year to date through Aug. 31, aggregate retail sports betting qualified adjusted gross receipts were:
* MGM, $3 million
* MotorCity, $2.8 million
* Hollywood Casino at Greektown, $4.9 million
*Fantasy Contests*
During July, fantasy contest operators reported total adjusted revenues of $1.1 million and paid taxes of $93,849.
For the first seven months of 2022, fantasy contest operators reported $8.5 million aggregate fantasy contest adjusted revenues and paid taxes totaling $716,540.
""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.""
* Detroit Casinos Revenue August 2022.xls [ [link removed] ]
* Detroit Casino RSB August 2022.xls [ [link removed] ]
* Detroit casinos Aug 2022 revenue.docx [ [link removed] ]
* FantasyContests July 2022 all vendors.xlsx [ [link removed] ]
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