The monthly revenue for Michigan’s three Detroit casinos rose by nearly 300 percent in January compared to December, according to the Michigan Gaming Control Board.
The three Detroit casinos took in $90.84 million even though they were operating with limited capacity due to restrictions from Covid-19. Here’s the market breakdown by casino:
Compared to the same month last year (January 2020), revenue from table games and slots was down 27% in January 2021. MGM saw a 32% year-over-year decrease ($34 million in revenue in Jan 2021), MotorCity reported a 20% decrease ($33.2 million) and Greektown pulled in $19.6 million, which was a 30% decrease from the same month in 2020.
All three Detroit casinos are operating under a state order to limit capacity and observe social distancing. They reopened just before Christmas on December 23, 2020. The Michigan Gaming Control Board had ordered them closed on November 18, 2020, as part of a state-wide effort to curb the spread of the Covid-19 virus.
The decrease in gambling revenue at the three casinos in Detroit lowered the gaming tax amount to $7 million, as opposed to the $9.7 million they paid for January 2020 activity. The City of Detroit received $10.3 million, according to the Michigan Gaming Control Board.
Sports Betting Figures For January
A total of $35.6 million was reported from the three Detroit casinos from retail sports betting last month.
According to the Michigan Gaming Control Board, adjusted gross receipts for retail sports betting from the Detroit casinos in January 2021 were:
- MGM ($863,439)
- MotorCity ($1,566,019)
- Greektown ($1,633,659)
The State of Michigan received $153,586 in taxes on retail sports betting revenue during January of 2021. The City of Detroit was paid $187,716 in retail sports betting taxes for the month.
Fantasy Betting Figures In Michigan For 2020
The Michigan Gaming Control Board has released a final report for Fantasy Contest Betting for 2020. A reported $16.7 million in aggregate fantasy contest adjusted revenues were received in 2020, which resulted in $1.4 million in taxes to the state.