Michigan betting revenue reaches $1.97m in August
![Detroit](https://igamingbusiness.com/img-srv/xOU1-PWxusyfWvRmIBQt-Z4Omy2YIcgtUg4A42_ORow/resizing_type:auto/width:0/height:0/gravity:sm/enlarge:1/ext:webp/strip_metadata:1/quality:90/bG9jYWw6Ly8vaWdhbWluZ2J1c2luZXNzLmNvbS93cC1jb250ZW50L3VwbG9hZHMvMjAyMC8wOS9EZXRyb2l0LTIuanBn.webp)
Detroit’s three commercial casinos generated revenue of $69.3m in August, the first results reported since the properties reopened following four and a half months closed due to novel coronavirus (Covid-19), while sports betting’s contribution grew to $1.97m.
The properties were permitted to reopen from 5 August, but limited to 15% of their fire code capacity to avoid transmission of the virus.
This had a knock-on effect on revenue, with the contribution from slots and table games falling 42.0% year-on-year, according to the Michigan Gaming Control Board’s (MGCB) figures.
This broke down to $28.6m from MGM Grand Detroit – a 46.0% decline from August 2019 – with revenue at MotorCity Casino down 37.5% to $25.0m, and Penn National’s Greektown Casino reporting a 41.5% drop in revenue to $15.7m.
The venues paid total taxes of $5.6m to the state of Michigan, compared to $9.7m in the prior year, as well as $8.3m in wagering taxes and development agreement payments to the city of Detroit for the month.
For sports betting, in what was effectively Michigan’s first extended period of legal wagering, players wagered $15.7m, with the three properties reporting adjusted gross receipts of $1.97m.