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Detroit casinos report Might month-to-month income









 

Detroit casinos report Might month-to-month income


Eight June 2021







(PRESS RELEASE) — The three Detroit casinos reported $109.69 million in month-to-month combination income in Might whereas persevering with to function at restricted capability because of COVID-19 well being considerations.

Desk video games and slots generated $107.94 million in income whereas retail sports activities betting produced $1.75 million in income.

The three Detroit casinos reported $125.Eight million in combination income from slots and desk video games throughout Might 2019 whereas working at full capability. All three casinos have been closed throughout Might 2020 due to public well being considerations.

Might market shares have been:

– MGM Grand Detroit On line casino, 42 %
– MotorCity On line casino, 36 %
– Greektown On line casino Resort, 22 %

Desk Video games and Slot Income and Taxes

Throughout Might, desk video games and slot income was up a fractional 0.5 % when put next with April outcomes.

Month-to-month gaming income earned by on line casino was:

– MGM, $46.15 million
– MotorCity, $38.19 million
– Greektown, $23.60 million

Throughout Might, the three Detroit casinos paid $8.7 million in gaming taxes to the state of Michigan.

The three Detroit casinos reported submitting $12.Eight million in wagering taxes and growth settlement funds to the Metropolis of Detroit throughout Might.

Retail Sports activities Betting Income and Taxes

The Detroit casinos reported a complete retail sports activities betting deal with of $20,196,877. Whole gross receipts have been $1,769,271. Retail sports activities betting certified adjusted gross receipts by on line casino have been:

– MGM, $402,223
– MotorCity, $709,796
– Greektown, $636,547

Certified adjusted gross receipts are gross sports activities betting receipts minus the financial worth of free play incentives offered to and wagered by bettors.

The casinos paid $66,096 in retail sports activities betting taxes to the state in Might and reported submitting $80,784 in retail sports activities betting taxes to the Metropolis of Detroit.

By means of Might 31, combination retail sports activities betting certified adjusted gross receipts in 2021 have totaled:

– MGM, $2,729,808
– MotorCity, $3,789,210
– Greektown, $3,727,723

Fantasy Contests

Throughout April, fantasy contest operators reported whole adjusted revenues of $1,484,842 and paid $124,727 in taxes.

By means of April 30, fantasy contest operators reported $5.7 million in whole combination fantasy contest adjusted revenues and paid $480,199 in taxes this yr.

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