The Michigan Gaming Control Board (MGCB) has released revenue data revealing that the state’s Detroit-based casinos reported revenues of $1.294 billion for 2021.
2021’s revenue total marks a rise of over 100% on 2020’s total of $639 million. However, it still falls short of the casinos’ pre-pandemic revenue totals for 2019 which hit a record $1.454 billion.
Slots generated $998.8 million or 77% of all casino revenue during 2021 while table games accounted for 21% of revenue as games like blackjack and roulette generated $268 million in combined revenue across all casinos. It was also a successful year for sports betting as the casinos’ sportsbooks generated a combined $26.95 million in revenue.
Year-on-year revenues for both slots and table games combined rose by 104.2% to $1.27 billion. As a result, the three casinos paid $102.6 million in wagering taxes to the state of Michigan, up considerably from the $50.3 million paid in 2020. Meanwhile slots and gaming taxes paid to the city of Detroit amounted to $160.8 million.
The MGCB report goes on to give a market share breakdown for slots and table games for each casino as follows:
- MGM Grand Detroit — 43% ($554 million)
- MotorCity Casino — 35% ($438.3 million)
- Greektown Casino — 22% (274.5 million)
According to the report, the three casinos reported combined retail sports betting qualified adjusted gross receipts of $26.95 million.
- MGM — $8.79 million
- MotorCity — $8.69 million
- Greektown — $9.47 million
Asa result, sports betting taxes for 2021 amounted to $1 million up 44.9% from 2020’s total of $690,865. Sports betting taxes paid to the city of Detroit amounted to $1.26 million.
Olivia has worked as an editor and writer for major brands across multiple niches. She now focuses on the iGaming and sports betting industries.