Operator News
US – Detroit casinos generate GGR of $102.8m in October
By Phil - 15 November 2022
The three Detroit casinos reported $102.8m in monthly aggregate revenue in October. Table games and slots generated $100.7m in revenue while retail sports betting generated a $2.1m. Aggregate revenue declined nearly 10 per cent compared with $114.1m in monthly aggregate revenue reported for October 2021.
Market shares during October saw MGM Grand Detroit Casino with 46 per cent, MotorCity Casino with 32 per cent and Hollywood Casino at Greektown with 22 per cent. Table games and slot revenue declined 9.6 per cent when compared with October 2021 results. Revenue also fell a fractional 0.1 per cent compared with September results. The three casinos’ gaming revenue for table games and slots during the first 10 months of the year declined a fractional 0.3% compared with same period last year.
Compared with October 2021, Hollywood Casino at Greektown saw a fractional 0.3 per cent increase in monthly gaming revenue to $21.9m. Monthly gaming revenue fell both for MGM, down 11.9 per cent to $46.4m, and MotorCity Casino, down 12.3 per cent to $32.4m.
During October, the three Detroit casinos paid $8.2m in gaming taxes to the State of Michigan compared with $9m paid during the same month last year. The three Detroit casinos reported submitting $12.4m in wagering taxes and development agreement payments to the City of Detroit during October.
Retail sports betting monthly qualified adjusted gross receipts (QAGR) fell 20.8 per cent compared with October 2021 results and declined 19.4 per cent from September receipts. Total gross receipts were $2.1m, and total handle was $23,543,464.
State taxes from the Detroit casinos were $79,182 compared with $99,977 paid during October 2021. The three Detroit casinos reported submitting $96,778 in wagering taxes and development agreement payments to the City of Detroit during October.
Aggregate retail sports betting qualified adjusted gross receipts year-to-date through Oct. 31 saw MGM generate $4.7m, MotorCity, $4.3m and Greektown, $6.4m.
