The three Detroit casinos reported $50.4 million in monthly aggregate revenue in November, despite operating at 15 percent capacity due to COVID-19 health concerns and completely shutting down on Nov. 17 under an epidemic order issued by the Michigan Department of Health and Human Services and enforced by the Michigan Gaming Control Board.
Table games and slots generated $48.1 million in revenue and retail sports betting produced $2.3 million in revenue.
The casinos’ November table games and slot revenues dropped by 61.3 percent compared with November 2019 and fell 48.7 percent compared with October 2020. Year to date (through November 30), table games and slot revenues declined 54.9 percent compared with the same 10-month period in 2019.
Compared with November 2019, monthly gaming revenue for MGM declined 62.1 percent to $20.5 million, MotorCity’s monthly revenue dropped 57.1 percent to $17.5 million and Greektown’s monthly revenue fell 65.7 percent to $10.1 million.
During November, the three Detroit casinos paid $3.9 million in gaming taxes to the state of Michigan compared with $10.1 million for the same period last year. They also submitted $5.7 million in wagering taxes and development-agreement payments to the City of Detroit.
The casinos reported a total sports betting handle of just over $25 million. Qualified adjusted gross receipts (which subtracts free play promotions) for retail sports betting were: MGM $561,372, MotorCity $1.1 million, and Greektown $645,310. The casinos paid just under $90,000 in state taxes and $107,999 in city taxes for November sports betting revenues.
Through Nov. 30, aggregate retail sports betting qualified adjusted gross receipts were: MGM $7.4 million, MotorCity $5.4 million, and Greektown, $3.6 million
The November market shares based on aggregate revenue including table games, slots and retail sports betting were: MGM 42 percent, MotorCity 37 percent, and Greektown, 21 percent.
