Detroit casino revenue down 8.8% YoY in June
The three commercial casinos in Detroit, Michigan, posted $98.6m (£83.4m/€98.2m) in total revenue during June, an 8.8% drop on the same month last year.
Revenue from the MGM Grand Detroit, MotorCity Casino and Penn National’s Hollywood Casino at Greektown was down from $108.1m in June 2021 and also 9.3% lower than $108.7m in May of this year.
MGM retained top spot in the Michigan city with a 49% share of the market, ahead of MotorCity on 34% and Greektown with 17%.
Breaking down the monthly performance, table games and slots were responsible for $98.2m of all revenue for the month, but this was 7.2% lower than in June of last year.
MGM led this area of the market with $48.3m in revenue, up by 4.3% year-on-year. However, revenue at MotorCity was down 9.8% to $33.5m, while Greektown’s revenue dropped 26.6% to $16.4m.
The three casinos paid $8.0m in gaming taxes, as well as $11.7m worth of wagering taxes and development agreement payments to the City of Detroit.
Turning to retail sports betting and qualified adjusted gross receipts (QAGR) here reached just $448,703, down 80.5% from $2.3m in June 2021, with players wagering a total of $22.4m.
The Hollywood Casino at Greektown clamed top spot in this sector with $305,023 in QAGR, ahead of MotorCity on $165,931, then MGM with $22,251.
The casinos paid $17,802 in gaming taxes to the state in June and $21,758 in wagering taxes and development agreement payments to the City of Detroit.