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Detroit casinos report $103.4 million monthly aggregate revenue in September15 October 2022(PRESS RELEASE) -- The three Detroit casinos - MGM Grand Detroit Casino, MotorCity Casino, and Hollywood Casino at Greektown - reported $103.4 million in monthly aggregate revenue in September. Table games and slots generated $100.8 million in revenue while retail sports betting produced $2.6 million in revenue. September market shares were:
The casinos’ table games and slots revenue fell 5.7% compared with September 2021 results. Revenue also was down 3.5% from August results. Year-to-date through Sept. 30, table games and slots revenue increased a fractional 0.8% from results for the same nine-month period last year. Compared with September 2021 results, monthly table games and slots revenue by property was:
The three Detroit casinos reported submitting $12.5 million in wagering taxes and development agreement payments to the City of Detroit during September. Third Quarter Table Games and Slots Revenue The three Detroit casinos reported a 7% decline in aggregate revenue for the third quarter compared with the same period last year. Quarterly gaming revenue by property fell across the board compared with the third quarter of 2021:
Retail Sports Betting Revenue and Taxes Retail sports betting qualified adjusted gross receipts (QAGR) declined 24.9% during September compared with September 2021 results of $3.5 million. QAGR was up 56.3% when compared with August’s QAGR of $1.7 million. September QAGR by property was:
Retail sports betting gaming taxes paid to the State of Michigan were $98,257 compared with $130,885 paid in September 2021. The three Detroit casinos reported submitting $120,091 to the City of Detroit in retail sports betting taxes during September. Year to date through Sept. 30, aggregate retail sports betting qualified adjusted gross receipts were:
During August, fantasy contest operators reported total adjusted revenues of $1.2 million and paid taxes of $100,964. For the first eight months of 2022, fantasy contest operators reported $9.7 million aggregate fantasy contest adjusted revenues and paid taxes totaling $817,505. |