Detroit Casinos Post $110 Million In April Revenue
Detroit’s three casinos reported under $110 million in revenue in April, down 8% from a year ago, partly due to a $2.6 million payout from a sports betting parlay win. The casinos paid $69,237 in taxes to the state and $84,624 in taxes to the city based on retail sports betting revenue. Table games and slots generated $109.6 million, while retail sports betting produced $120,350. MGM Grand Detroit led with a 46% market share, followed by MotorCity Casino’s 30% and Hollywood Casino at Greektown’s 24%. Revenue from table games and slots was down 6.2% YoY, but gaming revenue was up 6.3% YoY at Hollywood Casino at Greektown. The casinos paid $8.9 million in gaming taxes to the state and submitted $13 million in wagering taxes and development agreement payments to the city of Detroit.