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Detroit casinos report $116.9 million monthly aggregate revenue in July10 August 2021(PRESS RELEASE) -- The three Detroit casinos reported $116.9 million in monthly aggregate revenue for July. Table games and slots generated $115.7 million in revenue while retail sports betting generated $1.2 million. July revenue was 9.3% higher than June results. The three Detroit casinos were closed during July 2020 due to COVID-19 restrictions. In July 2019, the casinos reported $119 million in monthly aggregate revenue. During July, MGM Grand Detroit Casino recorded $53.8 million in revenue. MotorCity Casino's July revenue was $38.5 million. Greektown Casino Hotel reported $23.4 million in July revenue. The July market shares were:
The three Detroit casinos reported submitting $13.8 million in wagering taxes and development agreement payments to the City of Detroit during July. Retail Sports Betting Revenue and Taxes The casinos reported total gross sports betting receipts of $1,211,857, and total handle was $18,272,783. Retail sports betting qualified adjusted gross receipts for July 31 were $1,211,832. Results by casino were:
Fantasy Contests For the month of June, fantasy contest operators reported total adjusted revenues of $1,312,438 and paid taxes of $110,245. Fantasy contest operators reported aggregate fantasy contest adjusted revenues of $8.3 million and paid $697,183 year-to-date through June 30. |