Detroit Casinos May Revenue Dips 2.9% From Last Year

Written By Katarina Vojvodic on June 16, 2023 - Last Updated on June 19, 2023
the legacy monument in hart plaza in downtown detroit

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.

Photo by PlayUSA
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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 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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