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US – Detroit casino up 10 per cent year-on-year in February

By - 14 March 2023

The three Detroit casinos – MGM Grand Detroit Casino, MotorCity Casino, and Hollywood Casino at Greektown – reported $105.5m in monthly aggregate revenue in February. Table games and slots generated $105m in revenue, while retail sports betting produced $458,752.

Market shares during February were MGM Grand Detroit Casino 47 per cent, MotorCity Casino 30 per cent and Hollywood Casino at Greektown at 23 per cent.

Monthly table games and slots revenue rose 9.8 per cent when compared to with February 2022 results of $95.6m. Revenue increased 1.6 per cent compared with January results of $103.4m.

Compared with February 2022, monthly gaming revenue for MGM rose 8.2 per cent to $50.1m. MotorCity’s monthly revenue was up 7.9 per cent to $31.2m, and Greektown reported $23.7m in monthly revenue for a 16.3 per cent gain.

Combined January and February table games and slots revenue increased 7.1 per cent compared with January and February 2022 revenue.

During February, the three Detroit casinos paid $8.5m in gaming taxes to the State of Michigan compared with $7.7m paid in February 2022.

The three Detroit casinos reported submitting $12.5m in wagering taxes and development agreement payments to the City of Detroit during February.

Retail sports betting qualified adjusted gross receipts (QAGR) increased by $1.3m in February compared with February 2022 when all three properties reported combined QAGR losses of $872,552. QAGR rose by $347,729 compared with January results of $111,023

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