The three casinos in Michigan have reported $105.5 million in February revenue, which is an increase on the $103.5m reported a month earlier.
This headline figure is broken down as table games and slot machines generated $105m (January 2010: $103.4m), while retail betting rose to $458.752 (January 2011: $111,023).
Comparable to a year ago, total revenue rose 11.4 percent from $94.7m. Slots and table games grew 9.8 percent from $95.6m. Wagering recovered an $872,552 loss.
The combined revenue from slots and table games increased by 7.1% in January and February compared to the same period one year ago.
MGM Grand Detroit, which maintained its position at the summit with an 8.2 percent revenue increase to $50.1m (2021 : $46.3m), was awarded the top spot for a 47.9% market share.
MotorCity Casino came in second with a 7.9% YoY increase to $31.2m (2021 : $28.9m). This was a 30% slice ahead of Hollywood Casino At Greektown‘s 23.7m. This represented a 16.3% rise from $20.4m. This gave the venue a 22% market share.
The three Detroit casinos paid $8.5m to the state of Michigan in gaming taxes during January. This compares with $7.7m last year. The three casinos also submitted $12.5m to the city in wagering taxes and development agreements payments.
Retail sports betting qualifies adjusted gross receipts showed a significant YoY swing with Hollywood Casino leading with $373,516 (2021 -$297.123), ahead MotorCity’s $78,773 (21 -$400.347) and MGM’s $6,463 (2021 -$175,082).
The QAGR combined for January and February was $5697755, while the state taxes collected from Detroit casinos were $17,341 as compared to nothing one year ago due to negative results.
Fantasy contest operators reported total adjusted revenue of $2.9m in January (2021: $1.7m) with paid taxes of $244698 (2021; $143,984).
