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Detroit casinos report $108.98 million in April monthly revenue

11 May 2021

(PRESS RELEASE) -- The three Detroit casinos reported $108.98 million in monthly aggregate revenue in April while continuing to operate at limited capacity due to COVID-19 health concerns. Table games and slots generated $107.44 million in revenue, and retail sports betting produced revenue of $1.54 million.

Monthly revenue fell 3.1 percent when compared with March results. Through 30 April, gaming revenue for table games and slots for the three Detroit casinos was up by 30.9 percent compared with the same period last year. The three Detroit casinos closed on 16 March 2020, and remained closed during April 2020 because of coronavirus-related concerns.

In April 2019, the Detroit casinos reported monthly aggregate revenue of $125.1 million for table games and slots while operating at full capacity.

The market shares for April were:

-MGM Grand Detroit Casino, 40 percent
-MotorCity Casino, 37 percent
-Greektown Casino Hotel, 23 percent

Table Games and Slot Revenue and Taxes

Monthly table games and slot revenue earned by casino was:

-MGM, $43.20 million
-MotorCity, $39.92 million
-Greektown, $24.32 million

During April, the three Detroit casinos paid $8.7 million in gaming taxes to the State of Michigan. The casinos also reported submitting $12.8 million in wagering taxes and development agreement payments to the City of Detroit during April.

Retail Sports Betting Revenue and Taxes

The Detroit casinos reported retail sports betting total handle of $24,337,682 during April. Total gross receipts were $1,542,530. Retail sports betting qualified adjusted gross receipts by casino were:

-MGM, $604,701,
-MotorCity, $420,605,
-Greektown, $517,224

Qualified adjusted gross receipts are gross sports betting receipts minus the monetary value of free play incentives provided to and wagered by bettors.

The casinos paid $58,308 in retail sports betting taxes to the state and reported submitting $71,265 in retail sports betting taxes to the City of Detroit.

Fantasy Contests

For March, fantasy contest operators reported total adjusted revenues of $889,532 and paid $74,721 in taxes. Through March 31, fantasy contest operators reported total aggregate adjusted revenues of $4.2 million and paid $355,472 in taxes.

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