etroit’s casinos brought in nearly $109.7 million in aggregate revenue while operating at limited capacity in May, according to the Michigan Gaming Control Board.
That’s about even with April’s results, when the three venues netted nearly $109 million in revenue. Last May, the casinos were closed under health restrictions tied to the coronavirus pandemic and thus did not generate any revenue.
May market shares were:
- MGM, 42 percent
- MotorCity, 36 percent
- Greektown, 22 percent
Table Games and Slot Revenue and Taxes
During May, table games and slot revenue was up a fractional 0.5 percent when compared with April results.
Monthly gaming revenue earned by casino was:
- MGM, $46.15 million
- MotorCity, $38.19 million
- Greektown, $23.60 million
During May, the three Detroit casinos paid $8.7 million in gaming taxes to the state of Michigan.
The three Detroit casinos reported submitting $12.8 million in wagering taxes and development agreement payments to the City of Detroit during May.
Retail Sports Betting Revenue and Taxes
The Detroit casinos reported a total retail sports betting handle of $20,196,877. Total gross receipts were $1,769,271. Retail sports betting qualified adjusted gross receipts by casino were:
- MGM, $402,223
- MotorCity, $709,796
- Greektown, $636,547
Qualified adjusted gross receipts are gross sports betting receipts minus the monetary value of free play incentives provided to and wagered by bettors.
The casinos paid $66,096 in retail sports betting taxes to the state in May and reported submitting $80,784 in retail sports betting taxes to the City of Detroit.
Through May 31, aggregate retail sports betting qualified adjusted gross receipts in 2021 have totaled:
- MGM, $2,729,808
- MotorCity, $3,789,210
- Greektown, $3,727,723
During April, fantasy contest operators reported total adjusted revenues of $1,484,842 and paid $124,727 in taxes.
Through April 30, fantasy contest operators reported $5.7 million in total aggregate fantasy contest adjusted revenues and paid $480,199 in taxes this year.