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Michigan Gaming Control Board

*Contact:* [email protected]

*For Immediate Release:*

*Detroit casinos report $105.5 million in February monthly aggregate revenue*

*Detroit, March 13, 2023* - The three Detroit casinos reported $105.5 million in monthly aggregate revenue in February. Table games and slots generated $105 million in revenue while retail sports betting produced $458,752.

Market shares during February were:


* MGM, 47%
* MotorCity, 30%
* Hollywood Casino at Greektown, 23%

*Table Games and Slot Revenue*

Monthly table games and slots revenue rose 9.8% when compared to with February 2022 results of $95.6 million. Revenue increased 1.6% compared with January results of $103.4 million.

Compared with February 2022, monthly gaming revenue for MGM rose 8.2% to $50.1 million. MotorCity?s monthly revenue was up 7.9% to $31.2 million, and Greektown reported $23.7 million in monthly revenue for a 16.3% gain.

Combined January and February table games and slots revenue increased 7.1% compared with January and February 2022 revenue.

During February, the three Detroit casinos paid $8.5 million in gaming taxes to the State of Michigan compared with $7.7 million paid in February 2022.

The three Detroit casinos reported submitting $12.5 million in wagering taxes and development agreement payments to the City of Detroit during February.

*Retail Sports Betting Revenue and Taxes*

Retail sports betting qualified adjusted gross receipts (QAGR) increased by $1.3 million in February compared with February 2022 when all three properties reported combined QAGR losses of $872,552. QAGR rose by $347,729 compared with January results of $111,023.

February QAGR totals by property were:


* MGM, $6,463
* MotorCity, $78,773
* Hollywood Casino at Greektown, $373,516

Total gross receipts were $475,913, and total handle was $12,218,814.

Combined QAGR for January and February was $569,775.

State taxes from the Detroit casinos were $17,341 compared with zero collected during February 2022 when the casinos reported negative QAGR.

The three Detroit casinos reported submitting $21,194 in wagering taxes to the City of Detroit during January.

*Fantasy Contests*

During January, fantasy contest operators reported total adjusted revenues of $2.9 million and paid taxes of $244,698.

""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.""

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* Detroit casino revenue February 2023.docx [ [link removed] ]
* FantasyContests January 2023 all vendors.xlsx [ [link removed] ]
* Detroit Casino RSB February 2023.xls [ [link removed] ]
* Detroit Casino February 2023.xls [ [link removed] ]
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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] ]