The Michigan Gaming Regulatory Board has released a document indicating that earnings at Detroit’s three land-based commercial gambling houses decreased in October compared to both the same time period last year and the prior month.
Detroit casino income continues to drop in October
MGM Grand Detroit, MotorCity Casino and Greektown’s Hollywood Casino generated a total income of $102.8 million (£86.6 million/€98.9 million) for the month, down 10.0% from $114.1 million in October 2021 and down 0.7% from $103.4 million in September of this year.
Slot machine and table game income for October was $100.7 million, down 9.7% year-on-year from $111.5 million last year and down from $100.8 million in September of this year.
Qualified Adjusted Gross Receipts (QAGR) from retail sports wagering at the casinos accounted for the remaining $2.1 million in income, down 19.2% from $2.6 million in October 2021 and September of this year.
Sports wagering handle for the month reached $34.2 million, down 31.3% year-on-year, but up 27.1% from $18.5 million in September.
MGM remains the market leader with a 46% share, ahead of MotorCity with 32% and Hollywood Casino with 22%.
For MGM, its $46.4 million in income came from slots and table games, with an additional $711,959 from sports wagering QAGR.
MotorCity’s revenue was $32.
Three gambling establishments in Michigan reported a combined $4 million in earnings from slot machines and table games in September, with an additional $680,649 in revenue from sports wagering. Meanwhile, Hollywood Casino recorded $21.9 million in earnings from slot machines and table games, along with $702,147 in sports betting revenue.
The three casinos contributed a total of $8.2 million in gaming taxes to the state of Michigan and $12.4 million in gaming taxes and development agreement payments to the city of Detroit.
Furthermore, the venues paid $79,182 in retail sports betting taxes to the state of Michigan and $96,778 in retail sports betting taxes to the city of Detroit.
Sign up for the iGaming newsletter.
