Detroit casinos report $102.8 million in October monthly aggregate revenue
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Table games and slots generated $100.7 million in revenue in October. Retail sports betting generated a $2.1 million.
Detroit casinos report $102.8 million in October monthly aggregate revenue. Market shares during October were:GM, 46%, MotorCity, 32%, Hollywood Casino at Greektown, 22%.
Table games and slot revenue declined 9.6% compared with October 2021 results. Hollywood Casino at Greektown saw a fractional 0.3% increase in monthly gaming revenue to $21.9 million. Monthly gaming revenues for MGM were down 11. 9% to $46.4 million and MotorCity Casino, down 12. 3% to$32. 4 million in October. The three Detroit casinos paid $8.2 million to the State of Michigan and $12.5 million for the City of Detroit.
Retail sports betting monthly qualified adjusted gross receipts (QAGR) fell 20.8% compared with October 2021 results and declined 19.4% from September receipts. Total gross receipt was $2.1 million and total handle was $23,543,464.
MGM, MotorCity and Hollywood Casino at Greektown reported $711,959,680,649 and $702,147.8 million in October aggregate revenue. The three casinos submitted $96,778 in wagering taxes and development agreement payments to the City of Detroit during October.
Detroit casinos report $102.8 million in October monthly aggregate revenue. Year-to-date, MGM, MotorCity, and Greektown have earned $4.7 million and $6.4 million respectively.
Fantasy contest operators reported $11.2 million in aggregate fantasy contest adjusted revenues and paid $944,224 in taxes during the first nine months of the year. Detroit casinos report $102.8 million monthly aggregate revenue.
