Michigan casino revenue doubles to $1.3bn in 2021
MGM Grand accounted for 43% of Detroit’s casino revenue, with MotorCity contributing 35% and Penn National’s Greektown the remaining 22%.
Slot games were the largest contributor to the total with $998.8m, or 77% of revenue. Table games contributed a further $268.0m (21% of casino revenue), with $27.0m coming from retail sports betting amounting to 2% of the revenue total.
For sports betting, Greektown led the way with revenue of $9.5m. MGM Grand’s sports betting revenue came to $8.8m, while MotorCity added $8.7m.
The casinos paid a combined total of $102.6 million in wagering taxes to the state of Michigan, compared with $50.3 million in 2020. $1.3m of retail sports betting tax was also submitted to the city of Detroit.
For December 2021, revenue from the three casinos totaled $112.5m. $111.4m came from table games and slots – a 405.0% increase on December 2020 when the casinos were closed due to the novel coronavirus (Covid-19) pandemic. Sports betting revenue added a further $1.1m.
MGM’s $51.4m revenue in December was up 576.5% from 2020.
MotorCity reported a 284.9% increase to $35.0m, and Greektown’s revenue of $35.0m was up 365.9% year-on-year.
The combined betting handle for the three casinos came to $30.1m in December.