The Michigan Gaming Control Board has released its latest monthly gaming revenue report for Detroit revealing that the city’s three casinos generated aggregate revenue of $108.1M for the month of June. All three casinos opened for 21 out 30 days due to Covid-19 health concerns with capacity restrictions lifted on June 22nd.
The three casinos — MGM Grand Detroit, MotorCity Casino, and Greektown Casino — generated $105.8M in revenue from table games and slots while retail sportsbook revenue came in at $2.3M for the month.
The MGM Grand led the market with $46.3M in gaming revenue followed by MotorCity Casino with $37.2M. Greektown came a distant third generating $22.3M in revenue.
The combined retail sports betting handle for all three casinos amounted to $24,378,868. MotorCity was the market leader taking in $8,467,849.00 in wagers followed closely by the MGM Grand with a handle of $8,087,227.00. Although Greektown Casino’s sportsbook reported the lowest handle of all three casinos at $7,823,791.63, it generated the highest revenue with net receipts totaling $819,272.
Total net receipts for all three casinos amounted to $2,295,932. This generated state taxes of $86,785 while all three casinos reported submitting $106,071 in retail sports betting taxes to the City of Detroit.
Online sports betting revenue figures for the month of June have yet to be released.
Image credit: Thomas Hawk / CC BY-NC 2.0