Detroit’s three main casinos brought in a total of $112.5 million in revenue in August, according to data released by the Michigan Gaming Control Board. This number demonstrates a strong rise in revenue from slot machines and table games, as well as a noteworthy contribution from retail sports betting.
Significant Increase in Gaming Revenue
Of the total August earnings, almost $110.8 million came from table games and slot machines. Retail sports betting contributed the remaining $1.7 million. These numbers represent a 5.9% rise in revenue year-over-year, and a 4.2% increase compared to July’s figures. Each of Detroit’s three casinos experienced growth last month, further boosting their revenue.
With $48% of the market and $53.9 million in monthly revenue—an 8.9% increase from June & July, MGM continued to dominate the pack. MotorCity came in second with $30.7 million in total revenue, a 0.1% increase. Greektown’s Hollywood Casino showed progress as well, increasing its revenue to $26.2 million by 7.4%.
The upward trend was further enhanced by retail sports betting. The combined handle of the three casinos was $9.6 million, with $1.7 million in gross receipts. In the sports betting segment, MotorCity held the top spot with qualified adjusted gross receipts (QAGR) of around $0.9 million.
During August, Detroit’s casinos paid $9 million in state gaming taxes and contributed an additional $17.3 million in wagering taxes and development agreement payments to the city. These payments underscore the significance of gaming revenue to Detroit’s local economy.
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