April revenue for Detroit casinos rises 8.9% year over year

13 May 2022

April revenue for Detroit casinos rises 8.9% year over year

The Motor City In April
This month's total was 3.4% lower than March's $122.9m, according to numbers supplied by the Michigan Gaming Control Board (MGCB). However, it was higher than last year's $109.9m earned at the venues in April.

The three casinos that were operating at limited capacity in April of last year due to new coronavirus (Covid-19) regulations in the state are mostly responsible for the year-on-year increase; however, this year, such limits have been lifted.

With 48% of the market, the MGM Grand Detroit was once again in first place, followed by 31% at MotorCity Casino and 21% at Penn National's Greektown Casino Hotel.

With an increase of 8.8 percent year over year, table games and slots brought in $116.9 million in April.

Here, MGM dominated with $56.8m in revenue, a 31.4% increase from the previous year. At MotorCity, table games and slot machine revenue dropped 8.8 percent to $36.4 million, while at Greektown, it dipped 2.6 percent to $23.7 million.

Sports betting operations generated $1.9 million in QAGR, a 21.3% increase from the previous year.

At $912,513 in sports betting QAGR, Greektown was far and away the leader, followed by MotorCity at $552,841 and MGM at $405,385.

The entire amount of sports bets processed by the casinos was $24.8 million, with $1.9 million going towards gross receipts. The state received $70,714 in taxes, and the City of Detroit received $86,428 in retail sports betting tax.