Detroit casinos report $106.14 million monthly aggregate revenue in August
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Detroit casinos reported $106.14 million monthly aggregate revenue in August. Table games and slots generated $104.48 million in revenue, while retail sports betting produced $1.66 million.
Detroit casinos report $106.14 million monthly aggregate revenue in August. Table games and slots monthly revenue fell 6.9% compared with August 2021. Year-to-date through August 31, table games, slots gaming revenue increased 1.7% from results for the same eight-month period last year.
MGM, MotorCity and Hollywood Casino at Greektown reported a decline in monthly revenue in August. The three Detroit casinos submitted $16.5 million in wagering taxes and development agreement payments to the City of Detroit during August, compared to $9.1 million paid in 2021.
Detroit casinos report $106.14 million monthly aggregate revenue in August. MGM, down 3.7% to $50.31 million, MotorCity, 11.5% down to $32.33 million and Hollywood Casino at Greektown, 6. 7% less to $21.84 million.
Detroit casinos report $106.14 million monthly aggregate revenue in August. Retail sports betting qualified adjusted gross receipts (QAGR) during August rose a fractional 0.8% when compared with August 2021 results. QAGr increased 32.2% compared to July results, which was up 0%.
Detroit casinos report $106.14 million monthly aggregate revenue in August. August QAGR by property was: MGM, $701,876, MotorCity, $382,147, and Hollywood Casino at Greektown,$578,830. The three Detroit casinos reported total retail sports betting handle of $11,003,753.
Detroit casinos report $106.14 million monthly aggregate revenue in August. Year to date through August 31, aggregate retail sports betting qualified adjusted gross receipts were $3 million for MGM, $2.8 million at MotorCity and $4.9 million with Hollywood Casino at Greektown.
Detroit casinos report $106.14 million monthly aggregate revenue in August. Fantasy contest operators reported total adjusted revenues of $1.1 million in July and paid taxes of $93,849. For the first seven months of 2022, fantasy contest operator reported $8.5 million aggregate fantasy contests adjusted revenue and $716,540 in taxes.
