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Detroit casinos report $105.6 million in May revenue14 June 2023(PRESS RELEASE) -- The three Detroit casinos reported $105.6 million in monthly aggregate revenue for the month of May 2023. Table games and slots generated $104.7 million in revenue, while retail sports betting produced revenue of $893,732. May market shares:
May table games and slot revenue decreased 1.4% when compared to May 2022 results. May monthly revenue dropped 4.5% compared to April revenue. Through May 31, the casinos’ table games and slots revenue increased by 0.4% compared to the same period last year. Casinos’ monthly gaming revenue results were mixed compared to May 2022:
The casinos reported submitting $12.5 million in wagering taxes and development agreement payments to the City of Detroit in May. Retail Sports Betting Revenue and Taxes: The three Detroit casinos reported $16,936,055 in total retail sports betting handle, while total gross receipts were $921,268. Retail sports betting qualified adjusted gross receipts (QAGR) were up by $773,382 compared to April 2023. May QAGR fell by 62.6% compared to the same month last year. May QAGR by casino:
Fantasy contests: For May, fantasy contest operators reported total adjusted revenues of $2.1 million and paid taxes of $175,204. From 1 January through 30 April, fantasy contest operators reported $8.9 million in aggregate fantasy contest adjusted revenues and paid $747,830 in taxes. |