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Detroit Casinos May Revenue Dips 2.9% From Last Year

The three Detroit casinos reported $105.6 million in monthly aggregate revenue during May, which was down almost 3% from May 2022

the legacy monument in hart plaza in downtown detroit
Photo by PlayUSA
Katarina Vojvodic Avatar
2 mins read

May hasn’t been the best month for Michigan casinos.

The three Detroit properties – MGM, MotorCity and Hollywood Casino in Greektown – reported $105.6 million in monthly aggregate revenue during May.

The revenue figure is a 3.7% monthly decrease from April’s $109.7 million. It is also a yearly decrease of 2.9% from May 2022’s $108.7 million.

In terms of Michigan casino market share, May was very similar to April and March:

  • MGM: 47% (an increase from 46% in April)
  • MotorCity: 31% (an increase from 30% in April)
  • Hollywood Casino at Greektown: 22% (a decrease from 24% in April)

Gambling revenue from table games and slots decreases in May

The Michigan Gaming Control Board (MGCB) report shows table games and slot machines in Detroit casinos generated $104.7 million in revenue.

Table game and slot revenue numbers dropped by 1.4% compared to May last year. On the bright side, the revenue from table games and slots showed a yearly increase of 0.4% compared to May 2022.

The casinos’ monthly gaming revenue results were diverse across the casinos compared to May last year:

  • Hollywood Casino at Greektown: $23.3 million (7.4% YOY increase)
  • MGM: $49.3 million (1.4% YOY decrease)
  • MotorCity: $32.1 million (7.1% YOY decrease)

Detroit casino tax revenue decreases monthly and yearly

During May, the three Detroit casinos paid $8.5 million in taxes to the state of Michigan.

The figure represents a yearly decrease from the $8.6 million that the state collected at the same time last year. It is also a monthly drop from the $8.9 million in state taxes the casinos paid in April.

Detroit casinos reported submitting $12.5 million in betting taxes and development agreement payments to the City of Detroit in May.

In-person sports betting revenue shows monthly increase but a yearly decrease

The three Detroit casinos reported $16.9 million in bets at their physical sportsbooks. At the same time, $893,732 in revenue came from that activity.

Compared to April, in-person sports betting qualified adjusted gross receipts (QAGR) were up by $773,382. Meanwhile, May QAGR fell by 62.6% yearly.

During May, the casinos in Michigan paid $33,783 in taxes to the state and reported paying $41,290 based on their sportsbook revenue.

Katarina Vojvodic Avatar
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Katarina Vojvodic is a lead writer for PlayUSA who lives in Toronto. Vojvodic provides coverage of the US gambling industry with a focus on US online casinos. Previously, she covered Ontario’s online gambling industry for PlayCanada.com. Vojvodic holds a master’s degree in journalism from the University of Belgrade. Outside working hours, she can be found near the water with her husband and their two kids.

View all posts by Katarina Vojvodic

Katarina Vojvodic is a lead writer for PlayUSA who lives in Toronto. Vojvodic provides coverage of the US gambling industry with a focus on US online casinos. Previously, she covered Ontario’s online gambling industry for PlayCanada.com. Vojvodic holds a master’s degree in journalism from the University of Belgrade. Outside working hours, she can be found near the water with her husband and their two kids.

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