Author: Joe Kizlauskas
Last Updated: 12th June 2021
The MGM Grand Detroit has maintained its dominance among the three Motor City casinos, according to numbers released by the Michigan Gaming Control Board for the month of May, when the venues were still operating at a reduced capacity owing to COVID-19 health concerns.
MGM Grand Detroit, MotorCity Casino, and Greektown Casino each reported $109.69 million, a little decrease from the $115.23 million reported a month earlier.
In addition, table games and slots brought in $107.94 million, while retail sports betting brought in $1.75 million. MGM had 42 percent of the market share in May, followed by MotorCity with 36 percent and Greektown with 22 percent.
While operating at full capacity, the three Detroit casinos generated $125.8 million in total revenue from slots and table games in May 2019. Because of public health concerns, all three casinos were shuttered in May 2020.
MGM, MotorCity, and Greektown collected $46.15 million, $38.19 million, and $23.6 million in monthly gaming revenue, respectively. When compared to April, table game and slot revenue increased by a tiny 0.5 percent in May.
During the month, the gaming properties paid the state of Michigan $8.7 million in gaming taxes and the city of Detroit $12.8 million in wagering taxes and development agreement payments.
The total sports betting handle was $20.19 million, with $1.76 million in gross revenue. MGM had $402,223, MotorCity had $709,796, and Greektown had $636,547 in adjusted gross receipts from retail sports betting.
In May, the casinos reported paying $66,096 in retail sports betting taxes to the state and $80,784 in retail sports betting taxes to the city.
MGM’s aggregate retail sports betting qualified adjusted gross revenue in 2021 were $2.72 million, MotorCity’s $3.78 million, and Greektown’s $3.72 million as of May 31.
Fantasy content operators reported total adjusted revenues of $1.48 million and paid $124,727 in taxes, according to the MGCB.
Fantasy contest operators reported $5.7 million in total adjusted fantasy contest revenues through April 30 and paid $480,199 in taxes this year.