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.
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."