Detroit Casino Results Decline in August, Remain Fairly Resilient
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The three Detroit casinos reported monthly aggregate revenue of $106.14 million for the month of August 2022. The results were driven by slots and table games, which brought in $104.48 million. Sports betting brought another $1.66 million in revenue. MGM managed to pull ahead, accounting for 48% of the total revenue, followed by MotorCity with 31% and Hollywood Casino at Greektown with 21%.
Slots and table games revenue was down 6.9% during the month of August. Year-to-date results through August 31 for the table game and slots gaming revenue were up 1.7%. MGM's results were down 3. 7%, MotorCity's down 11.5%, and Hollywood Casino at Greektown's was 6%. $8. 5 million paid in gaming taxes to the state, down from $9.1 million in August 2021. Sports betting was 32.2% better than July's result.
