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Detroit casinos report $101.5 million in June revenue19 July 2023(PRESS RELEASE) -- The three Detroit casinos reported $101.5 million in monthly aggregate revenue for the month of June 2023, of which $101.9 million was generated from table games and slots. Retail sports betting yielded a negative $395,606, in large part due to a patron successfully winning $972,000 at MotorCity Casino on June 18. June market shares:
June table games and slot revenue increased 3.8% when compared to June 2022 results. June monthly revenue dropped 2.7% compared to May revenue. Through June 30, the casinos’ table games and slots revenue increased by 0.9% compared to the same period last year. The casinos’ monthly gaming revenue results were mixed compared to June 2022:
The casinos reported submitting $12.1 million in wagering taxes and development agreement payments to the City of Detroit in June. Retail Sports Betting Revenue and Taxes The three Detroit casinos reported $8.1 million in total retail sports betting handle, and total gross receipts yielded a negative $378,641. Retail sports betting qualified adjusted gross receipts (QAGR) were down by $1.3 million compared to May 2023. June QAGR was down $844,308 compared to the same month last year. June QAGR by casino: • MGM Grand Detroit Casino: $30,010 • MotorCity Casino: negative ($708,625) • Hollywood Casino at Greektown: $283,009 During June, the casinos paid $11,832 in taxes to the state and reported submitting $14,462 in taxes to the City of Detroit based on retail sports betting revenue. Fantasy Contests For May, fantasy contest operators reported total adjusted revenues of $1.9 million and paid taxes of $155,539. From 1 January through 31 May, fantasy contest operators reported $10.8 million in aggregate fantasy contest adjusted revenues and paid $903,369 in taxes. |