Detroit Casino August Revenue is $113 Million

August was a good month for the three casinos in Detroit. According to the Michigan Gaming Control Board, the Detroit casino August revenue was more than $113 million. In addition, slots and table games in MotorCity Casino Hotel, Greektown Casino, and MGM Grand Detroit earned $112 million. On the other hand, the casinos earned $1.65 million from retail sports wagering.

According to online casino Korea reports, MGM had a 47 percent market share in August. MotorCity was in second with 32 percent and in third place was Greektown with 21 percent.

Slots and table games revenue was up 61.7 percent year over year. Casinos reopened in early August of last year. However, they operated at 15 percent capacity. As a result, many people played online slot machines and casino games. At present, casinos are operating at full capacity. That’s why their revenue increased year over year.

Detroit Casino August Revenue

The casino revenue in August was down from around $120 million in August 2019. On the other hand, MGM reported a monthly income of $52.24 million, increasing 82.4 percent year over year. On the other hand, MotorCity got an increase of 45.9 percent to $36 million. Lastly, Greektown got an increase of 49.2 percent year over year to $23 million.

Winka learned that the three casinos paid $9.1 million in taxes to Michigan in August. It was an increase from $5.6 million from the same month last year. Also, they paid $13.3 million in betting taxes and other fees to the city.

In the first eight months of the year, revenue from slots and table games increased 126 percent year over year in August. The adjusted gross revenue from retail sports betting dropped 16.5 percent from the same month in 2020. However, it increased 36.2 percent compared with July 2021. The total handle increased to $16 million in August from $15 million the previous year.

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