Detroit casino revenue climbs 8.9% YoY in April
The monthly total surpassed the $109.9m generated at the venues in April last year but was 3.4% lower than $122.9m in March of this year, figures published by the Michigan Gaming Control Board (MGCB) showed.
The year-on-year increase was primarily attributed to the three casinos operating at reduced capacity in April of last year, in line with novel coronavirus (Covid-19) measures in the state, whereas this year, such restrictions have been removed.
The MGM Grand Detroit retained top spot with a 48% market share, ahead of MotorCity Casino on 31% and Penn National’s Greektown Casino Hotel with 21%.
Table games and slots accounted for $116.9m in revenue during April, up 8.8% on last year.
MGM led the way here with $56.8m in revenue, up 31.4% year-on-year. In contrast, table games and slots revenue fell 8.8% to $36.4m at MotorCity and 2.6% to $23.7m at the Greektown.
Total qualified adjusted gross receipts (QAGR) from sports betting activities amounted to $1.9m, up 21.3% on the previous year.
Greektown ranked first here with $912,513 in sports betting QAGR, ahead of MotorCity on $552,841 and MGM with $405,385.
The casinos processed a total of $24.8m in sports bets, with gross receipts at $1.9m, while $70,714 was paid in state taxes and $86,428 in retail sports betting tax to the City of Detroit.