The three Detroit casinos reported $101.4 million in aggregate revenue in October while continuing to operate at 15 percent capacity due to COVID-19 health concerns. Table games and slots generated $93.8 million in revenue, and retail sports betting produced $7.6 million in revenue.
Monthly revenue was up by 6.7 percent compared with September results. In October, the casinos’ table games and slot revenue fell 18.9 percent year over year.
For table games and slots, the casinos’ year-to-date revenue of $550 million was down 54.2 percent from the $1.2 billion in revenue reported during the first 10 months of 2019.
Compared with October 2019, gaming revenue for MGM was down by 22.7 percent to $37.8 million. MotorCity’s revenue fell 7.7 percent to $36.3 million. Greektown’s gaming revenue was down 28.2 percent to $19.7 million.
The three Detroit casinos paid $7.6 million in taxes to the state of Michigan in October, compared with $9.4 million for the same month last year and submitted $11.2 million in taxes and development-agreement payments to the city of Detroit.
Retail sports betting qualified adjusted gross receipts (gross sports betting receipts minus the monetary value of free play) in October totaled $7.6 million: MGM, $3.7 million; MotorCity, $2.2 million; and Greektown, $1.7 million. The three Detroit casinos paid $287,166 in state taxes on retail sports betting and $350,980 in city taxes.
The October market shares based on aggregate revenue including table games, slots and retail sports betting were: MGM, 41 percent; MotorCity, 38 percent; and Greektown, 21 percent.
