Detroit Casinos’ April Numbers Down A Tick From March

Year-over-year revenue tally paints a more positive picture, though
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Detroit’s three casinos had a better April 2022 than April 2021, but were down a tick from March’s numbers.

All in all, the trio brought in $118.7 million in revenue for the month, with table games and slots accounting for over $116.8 million and sports betting a bit under $1.9 million, according to numbers released by the Michigan Gaming Control Board.

On the sports betting side, total handle was $24.8 million, and with the gross receipts at $1.9 million, hold was a respectable 7.6%. Meanwhile, retail sports betting qualified adjust gross receipts (QAGR) were up over 21% compared to April of 2021, but down 3% compared to March’s numbers, which were no doubt bolstered by March Madness.

By casino, the QAGR leader for April was Greektown at $912,513, followed by MotorCity at $552,841 and MGM at $405,385. For the month, the casinos paid $70,714 in taxes to the state and an additional $86,428 in taxes to the city of Detroit based on retail sports betting revenue.

Meanwhile, at the tables

As for the casino action itself, table game and slot revenue was up nearly 9% from April of last year (when the casinos were still dealing with COVID-related capacity restrictions), but down 3.4% from March’s numbers.

As far as the year-over-year numbers go, MGM was the big winner at $56.8 million in revenue, a 31.4% increase compared to last April. MotorCity was down 8.8% at $36.4 million in revenue, and Greektown was down 2.6% to $23.7 million.

During April, the three Detroit casinos paid $9.5 million in taxes to the state of Michigan, compared with $8.7 million for the same month last year.

Image: Shutterstock

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