In their first full month since February 2020, the three Detroit casinos reported $90.84 million in January gaming revenue while operating at limited capacity due to COVID-19 health concerns.
According to a statement Wednesday from Michigan gaming regulators, table games and slots generated $86.78 million in revenue, while retail sports betting produced $4.06 million in revenue. The three Detroit casinos reopened at limited capacity on Dec. 23 after being closed on Nov. 18 by the governor after a resurgence in the spread of COVID-19.
The January market shares were MGM with 38%, MotorCity with 38%, and Greektown with 24%.
The report did not include in the report was online sports betting and iGaming, which launched in Michigan on January 22nd.
The casinos’ January table-game and slot revenue fell 27.7% when compared with the same month last year. Monthly revenue rose 293.5% when compared with December 2020 results.
During January, gaming revenue at MGM dropped 32% to $34 million compared with January 2020. MotorCity’s year-over-year revenue declined 20.7% to $33.2 million. Greektown reported $19.6 million in revenue, which was a decline of 30.4%.
The three Detroit casinos paid $7 million in gaming taxes to the state of Michigan for January 2021 compared with $9.7 million for January 2020. They also paid $10.3 million in wagering taxes and development agreement payments to the city of Detroit during January.
The three Detroit casinos reported a total retail sports betting handle of $35.7 million in January and paid $153,586 in taxes to the state, and $187,716 in taxes to the city of Detroit on sports betting revenue for January.
For December 2020, fantasy contest operators reported total adjusted revenues of $1.9 million and paid $158,726 in taxes to the state. For full-year 2020, fantasy contest operators reported $16.7 million in aggregate fantasy contest adjusted revenues and paid $1.4 million in taxes to the state.
