Even without any major sporting events and the continued capacity restrictions, Detroit’s three brick-and-mortar sportsbooks held their own in April, with a total handle of $24.34 million and total gross receipts of $1.54 million, for a hold of 6.3%.
The handle was almost exactly the same as March’s $24.2 million, but gross receipts were nearly halved from last month’s $2.97 million tally.
MGM led the way in gross receipts with $604,701, followed by Greektown at $517,224 and MotorCity at $420,605. MotorCity was coming off a robust March, which saw them profit over $1.2 million.
The casinos paid $58,308 in retail sports betting taxes to the state of Michigan and paid another $71,265 in retail sports betting taxes to the City of Detroit.
Overall, the trio of casinos reported $108.98 million in monthly aggregate revenue for the month of April, with table and slot games bringing in $107.44 million.
Things looking better
While that $107 million number is not up to snuff, it is worth noting that in April of 2019 — keeping in mind the casinos were closed in April of 2020 due to coronavirus — the casinos (without sportsbooks) generated $125.1 million in revenue while operating at full capacity. Clearly, while things still aren’t completely back to normal, things are certainly headed in that direction.
On the market share front, MGM led the way with 40%, followed by MotorCity at 37% and Greektown pulled up the rear at 23%.
In dollars and cents when it comes to table games and slots, MGM took in $43.20 million, MotorCity $39.92 million, and Greektown, $24.32 million.
For the month of April, the three Detroit casinos paid $8.7 million in gaming taxes to the state and another $12.8 million in wagering taxes and development agreement payments to the City of Detroit.