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Detroit casinos report $69.3 million aggregate revenue in August14 September 2020(PRESS RELEASE) -- The three Detroit casinos reported $69.3 million in monthly aggregate revenue in August after reopening at 15 percent capacity following a 4.5-month shutdown due to COVID-19 health concerns. The casinos’ aggregate revenue for slots and table games was down 42 percent compared with August 2019 results and has declined 62 percent year to date against last year. Compared with August 2019 results, revenue fell 46 percent to $28.6 million at MGM Grand Detroit Casino, 37.5 percent to $25 million at MotorCity Casino and 41.5 percent to $15.7 million at Greektown Casino Hotel. Gov. Gretchen Whitmer issued an executive order on 29 July allowing the casinos to reopen under strict health and safety guidelines. MotorCity Casino and Greektown Casino reopened Aug. 5. MGM Grand reopened to the general public 7 August. The market shares during August were:
During August, the three Detroit casinos paid $5.6 million in taxes to the State of Michigan compared with $9.7 million for the same month last year. The three Detroit casinos reported submitting $8.3 million in wagering taxes and development agreement payments to the City of Detroit during August. Retail Sports Betting Revenue and Taxes The three casinos reported $1.97 million in qualified adjusted gross receipts during August:
The state received $74,733 in retail sports betting taxes from the Detroit casinos during August. The casinos reported submitting $91,340 in retail sports betting taxes to the City of Detroit. Year to date through 31 August, aggregate retail sports betting qualified adjusted gross receipts were:
Fantasy contest operators reported total adjusted July revenues of $881,204 and paid taxes of $74,021 to the State of Michigan (see full report here). Year to date through 31 July, fantasy contest operators reported $4.9 million in aggregate fantasy contest adjusted revenues and paid the State of Michigan $414,445 in taxes. |