CasinoCityTimes.com

Gurus
News
Newsletter
Search News Subscribe
Stay informed with the
NEW Casino City Times newsletter!
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links
Related News
 

Detroit casinos report $108 million in November aggregate revenue

14 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.

< Gaming News