Detroit s casinos report 100 9m in revenue for January

The MGM Grand led Detroit’s commercial gaming establishments for January, reporting $48

The MGM Grand led Detroit’s commercial message gaming establishments for January, reporting $48.65m in revenue, just now under half of the combined casinos’ monthly total.

Altogether, the city’s trio commercial-grade properties recorded $100.9m in monthly combine revenue, almost all of which came from tabularize games and slots.

Up 14% when compared to January 2021, these activities generated $98.97m, while retail sports betting contributed a considerably to a greater extent modest $1.93m inwards qualified familiarised porcine receipts (QAGR), though this was sufficiency to push the casinos’ revenue o'er the $100m mark.

Of the trio’s combined monthly total, the MGM Grand Detroit held a 49% marketplace share, piece Greektown Casino’s revenue amounted to $20.45m, upwards 4.1% year-on-year (YOY), piece MotorCity Casino Hotel was responsible for(p) for a further $29.87m, knock down 9.9% YOY.

And piece retail sports betting generated substantially less than tabularise games and slots, its part was non insignificant.

January’s add together handle was $35.87m. From this, Greektown’s QAGR amounted to $929,796, piece MotorCity and the MGM Grand generated $521,493 and $481,785 respectively.

However, despite their relatively sound performance, the casinos’ tally revenue was down 11% from the prior month. QAGR, meanwhile, dropped 52.4% from January 2021, though it was upward 74.8% when compared to December.

Altogether, they paid $8m in gaming taxes to the State of Michigan, upwards by $1m when compared to January last-place year. They also submitted $11.8m inwards wagering taxes and development agreements to the City of Detroit.

The province received $73,070 inwards taxes on retail sports betting, piece the triplet casinos reportedly submitted $89,308 inward retail sports betting taxes to the city.

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