Three Detroit casinos brought in $ 106 million in June revenue

Three commercial casinos in Detroit reported adjusted gaming revenue of $ 106 million in June, down 2% from May.

MGM Grand Detroit, MotorCity Casino Hotel and Greektown Casino operated under a limited number of seats due to COVID during the first 21 days of June. On June 22, the state lifted capacity restrictions for the first time since the pandemic, when casinos were closed last March.

MGM led the state with $ 46.4 million in adjusted revenue, the most since February 2020, the last full month of operations before the pandemic. MGM’s revenue has increased slightly since May.

In June, MotorCity earned $ 37.2 million, which is 2.6% less than in the previous month. MotorCity has seen a steady decline in total revenue since March, when the casino earned $ 42 million.

Greektown closes the group with revenue of $ 22.3 million, which is 5.5% less than in May. Like MotorCity, Greektown’s revenue has declined every month since March, when it reported $ 25.6 million.

Detroit casinos pay the state and the city a 19% tax on net winnings. In June, the state of Michigan raised $ 8.6 million, and the city of Detroit raised $ 12.6 million.

The Michigan Gambling Control Board reports onshore data separately for online, including sports betting.

In June, the volume of retail sports betting at the three casinos amounted to $ 24.4 million, which is 20.8% more than in May, and is the highest retail betting in the state since January, when casinos attracted $ 35.7 million.

Total adjusted revenue was $ 2.3 million, which is 31.4% more than in May.

MotorCity/FanDuel led the state with a turnover of $ 8.5 million and ranked second in adjusted revenue with $ 796,000. MGM/BetMGM earned $ 8.1 million on adjusted revenue of $ 680,000, while Greektown/Barstool ranked last with $ 7.8 million, but first on adjusted revenue of $ 819,000.

Source: Gaming America

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