Detroit casinos produce $1.276 billion in aggregate revenue during 2022
$5,000 Welcome Bonus
The three Detroit casinos reported $1.276 billion yearly revenue in 2022. Slots generated 77% of revenue at $983.7 million, table games provided 21% at $273.3 million and retail sports betting added 2% at$18.8 million. By comparison, the casinos produced $ 1.294 billion in aggregate revenue during 2021.
Detroit casinos produce $1.276 billion in aggregate revenue during 2022. The 2022 market shares were: MGM Grand Detroit, 48%, MotorCity Casino, 31%, and Hollywood Casino at Greektown, 21%.
Year-over-year gaming revenue for slots and table games declined a fractional 0.8% to $1.26 billion. MGM Grand Detroit's revenue rose 8.3% and MotorCity Casino's fell 9.5%. Hollywood Casino at Greektown reported a 5.1% decline in revenue to $260. 5 million. The three Detroit casinos paid $101. 8 million in wagering taxes on slots revenue in 2022 compared with $102.6 million paid in 2021.
The three casinos reported aggregate retail sports betting qualified adjusted gross receipts of $18.81 million. The breakdown by casino was:GM, $6.21 million, MotorCity, $5.55 million and Hollywood Casino at Greektown,$7.05 million in 2022. They paid $711,087 in taxes for retail betting to the State of Michigan compared with $1 million paid in 2021.
The three casinos reported $109.9 million in monthly aggregate revenue in December. Table games and slots generated $108.3 million, while retail sports betting produced $1.6 million. December revenue for table games was up 8.4% compared with $99. 9 million reported in November. MGM's December revenues fell 0.8% to $51 million compared to December 2021 results. MotorCity's revenue dropped 5.7% and Hollywood Casino at Greektown's monthly revenue declined 2.2% from December 2019 results to $24. 3 million
Detroit casinos produce $1.276 billion in aggregate revenue during 2022. Retail sports betting QAGR at $ 1.6 million rose 48% in December compared with December 2021 results of $.1 million. The breakdown by casino was: MGM, $723,474, MotorCity, $548,710, and Hollywood Casino at Greektown,$364,788.
The three Detroit casinos' fourth quarter aggregate revenue was down 5.4% compared with the fourthquarter of 2021. MGM's revenue for the quarter was $144.1 million, MotorCity's was 9.5 million and Hollywood Casino at Greektown's reported a fractional 0.02% increase to $69. 4 million. The casinos paid $25 million in gaming taxes to the state compared to last year's $26. 5 million for same period.
Fantasy contest operators reported $15.3 million in adjusted revenues and paid $1.1 million to the state in November. Detroit casinos produce $ 1.276 billion in aggregate revenue during 2022.
In calendar year 2022, casino wagering taxes contributed $101,814,954 to the state School Aid Fund and the fund received $711,087 from retail sports betting taxes. Detroit casinos produce $1.276 billion in aggregate revenue during 2022.
