Even with health guidelines still restricting capacity and forcing social distancing in May, Detroit casinos earned $109.69 million in aggregate revenue, a slight increase over the previous month. Table games and slot revenue was actually up a fractional 0.5 percent when compared to April.
The three Detroit casinos: Greektown, MGM Grand, and MotorCity are gradually relaxing Covid-19 measures as the pandemic becomes less threatening, infections decrease, and the State of Michigan loosens mask and social distancing guidelines.
The Michigan Gaming Control Board report that table games and slots produced $107.94 million in revenue. Retail sports betting generated $1.75 million in revenue.
Revenue Still Not Back To Pre-Covid Levels
In May 2019, when casinos were unhindered by public health concerns, Detroit’s casinos reported $125.8 million in aggregate revenue from slots and table games. The 2021 totals for May are roughly $18 million behind that pace. Experts anticipate that as people begin to travel more, those figures will rise.
Market Share For Detroit Casinos
- MGM: 42 percent
- MotorCity: 36 percent
- Greektown: 22 percent
The MGCB reports that for May 2021, the gaming revenue earned by each casino was:
- MGM, $46.15 million
- MotorCity, $38.19 million
- Greektown, $23.60 million
Table Games And Slot Revenue And Taxes Paid
Combined, the three Detroit casinos paid $8.7 million in gaming taxes to the state for the month of May. The City of Detroit received $12.8 million in wagering taxes and development agreement payments.
- Total retail sports betting handle: $20,196,877.
- Total gross receipts: $1,769,271.
Retail Sports Betting Breakdown
Retail sports betting qualified adjusted gross receipts per casino:
- MotorCity, $709,796
- Greektown, $636,547
- MGM, $402,223
Through the first five months of 2021, aggregate retail sports betting qualified adjusted gross receipts are:
- MotorCity, $3,789,210
- Greektown, $3,727,723
- MGM, $2,729,808