Detroit Casinos Report December And Year-End Numbers

Despite COVID issues and the rise of online play, the three Detroit casinos had a stellar 2021
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The three Detroit casinos reported a total of $112.5 million in revenue for the month of December, according to figures released by the Michigan Gaming Control Board.

On the sports betting side, the total handle was a shade over $30 million, but in-person bettors did a number on the books, with the three sportsbooks’ total gross receipts sitting at $1.15 million, for a teensy hold of 3.8%.

In fact, MotorCity lost over $150,000 in retail sports bets for the month. MGM made $631,703 and Greektown profited $624,849.

The state of Michigan received $47,498 in sports betting taxes, and the three Detroit casinos pushed in another $58,053 in sports betting taxes to the city of Detroit. 

As far as tables and slots went, the three casinos took in a little more than $111.4 million in revenue, with MGM leading the pack at $51.4 million in aggregate revenue, followed by Motor City at $35 million and Greektown at $25 million.

For the month, the three Detroit casinos paid $9 million in taxes to the state of Michigan and another $18.1 million payment to the city of Detroit.

2021 was a good year

The MGCB also released year-end 2021 results, with the three casinos reporting $1.294 billion in revenue for the year, which dwarfed the COVID-limited 2020 number of $639 million and wasn’t such a far cry removed from 2019’s record $1.454 billion. Of course, in 2019, there were no online sportsbooks or online casinos to contend with.

Market share for 2021 broke down as follows: MGM Grand Detroit 43%, MotorCity Casino 35%, and Greektown Casino 22%.

Table games and slots made up $1.27 billion of the revenue for the casinos, whereas the sportsbooks only made a shade under $27 million in adjusted gross receipts.

Overall, the three casinos paid more than $103 million in taxes to the state in 2021 and another $161 million in taxes to the city.

Photo: Shutterstock

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