The Michigan Gaming Control Board (MGCB) has released its findings for April, detailing the performance of Detroit’s three casinos. Collectively, they generated $109.4 million in revenue during the month.
Table games and slot machines drove the bulk of the revenue, contributing nearly $107.9 million. The remainder, approximately $1.6 million, stemmed from retail sports betting. However, the overall revenue saw a 1.6% decline compared to April last year. Additionally, there was an 11.8% decrease from March’s figures.
Market Share Dynamics
MGM held the largest market share, representing 46% of April’s total revenue. MotorCity and Hollywood Casino at Greektown followed, holding 30% and 24%, respectively. Interestingly, Hollywood Casino at Greektown was the sole casino to experience a revenue increase, albeit marginal.
MGM saw a slight decline of 0.7% in its December revenue, while MotorCity reported a more significant drop of 4.5%.
In terms of tax contributions, Detroit’s casinos disbursed $8.7 million to the state in gaming taxes. They also contributed $12.8 million in wagering taxes and development agreement payments to the city. On the sports betting front, the casinos collectively handled nearly $15.3 million in bets for April, yielding $1.8 million in gross receipts.
MotorCity emerged as the leader in sports betting activities, reporting a Qualified Adjusted Gross Receipts (QAGR) of $1.5 million for the month.
The post Detroit Casinos’ April Revenue Hits $109.4 Million Mark appeared first on iGaming.org.