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Detroit casinos report $108 million in November aggregate revenue14 December 2021(PRESS RELEASE) -- The three Detroit casinos reported $108.19 million in monthly aggregate revenue in November 2021. Table games and slots generated $103.86 million in revenue, and retail sports betting produced $4.33 million in revenue. The market shares for November were: - MGM Grand Detroit Casino, 46% - MotorCity Casino, 32% - Greektown Casino Hotel, 22% Table Games and Slot Revenue and Taxes Table games and slots revenue during November was 116.1% percent higher than November 2020 revenue. In 2020, the casinos were closed due to pandemic-related health concerns for several full and partial months. They operated at reduced capacity for the first weeks of November and closed Nov. 18-30. In November 2019, the three Detroit casinos reported aggregate revenue of $124.2 million from table games and slots during November. Compared with November 2020, monthly table games and slots gaming revenue by casino increased: - 1% to $48.29 million for MGM - 9% to $33.04 million for MotorCity - 6% to $22.53 million for Greektown. November 2021 revenue was 6.8% lower than October 2021 revenue. Table games and slots gaming revenue rose 93.1% year-to-date through Nov. 30 compared with the same period in 2020. During November, the three Detroit casinos paid $8.4 million in gaming taxes to the State of Michigan compared with $3.9 million paid in November 2020. The casinos reported submitting $13.0 million to the City of Detroit in wagering taxes and development agreement payments during November. Retail Sports Betting Revenue and Taxes The casinos reported total gross receipts of $4,642,805 in November and a total handle of $26,693,885. November retail sports betting qualified adjusted gross receipts (QAGR) were 85.2 higher than November 2020 results. QAGR was up by 63.7% compared with October numbers November QAGR by casino totaled: - MGM, $1,031,457 - MotorCity, $1,472,396 - Greektown, $1,824,846 The State of Michigan received $163,625 in retail sports betting taxes from the three Detroit casinos, which also reported submitting $199,986 in retail sports betting taxes to the City of Detroit. Through 30 November, aggregate retail sports betting qualified adjusted gross receipts were: - MGM, $8,156,860 - MotorCity, $8,836,666 - Greektown, $8,847,134 Fantasy Contests Fantasy contest operators reported total adjusted revenues of $1,758,255 and paid taxes of $147,693 during October. Through 31 October, fantasy contest operators reported 2021 aggregate fantasy contest adjusted revenues of $13.9 million and paid $1.2 million in taxes. |