Detroit’s Three Retail Casinos See Numbers Fall Year-Over-Year

Numbers were down across the board for the city’s trio of sportsbooks and casinos




October wasn’t particularly green for the three retail sportsbooks in Detroit, with qualified adjusted gross receipts (QAGR) coming in at $2.1 million, down 19.4% from September and another 20.8% when compared to last October’s results, according to the Michigan Gaming Control Board.

Handle was $23.5 million, meaning the revenue represented a 9% hold for the sportsbooks.

October QAGR totals by property were MGM, $711,959; Hollywood Casino at Greektown, $702,147; and MotorCity, $680,649.

State taxes from the sportsbooks at the Detroit casinos were $79,182, compared with $99,977 paid during October 2021. The three sportsbooks also paid out $96,778 in taxes to the city of Detroit last month.

Year-to-date QAGR for the trio of retail sportsbooks comes in at Greektown with $6.4 million, MGM with $4.7 million, and MotorCity with $4.3 million.

Tables and slots

On top of the $2.1 million in sports betting revenue, the three casinos brought in another $100.7 million in table and slots revenue. The total haul of $102.8 million was down almost 10% when compared to October 2021’s results. Revenue was down a fractional 0.1% compared to September’s numbers.

Compared with October 2021, Hollywood Casino at Greektown saw a tiny 0.3% increase in monthly gaming revenue to $21.9 million. Monthly gaming revenue fell for both MGM, down 11.9% to $46.4 million, and MotorCity Casino, down 12.3% to $32.4 million.

During October, the three Detroit casinos paid $8.2 million in gaming taxes to the state of Michigan compared with $9 million paid during the same month last year.

The three casinos reported submitting $12.4 million in wagering taxes and development agreement payments to Detroit during October.

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