.jpeg "Detroit, Michigan")
Detroit casinos will earn $1.27 billion from gamblers in 2022
The Michigan Gaming Control Panel released full numbers on gambling in the city of Detroit last year.
Detroit’s three brick and mortar casinos reported annual revenue of $1.276 billion in 2022. Slots generated 77% of revenue at $983.7 million, table games provided 21% of revenue at $273.3 million, and retail sports betting added 2% of revenue at $18.8 million. dollars. Million.
The figures do not include funds generated by the various forms of online gambling that are legal in the Wolverine State.
In comparison, casinos had total revenue of $1.294 billion in 2021. The market shares for 2022 were: MGM Grand Detroit, 48%, MotorCity Casino, 31%, and Hollywood Casino in Greektown, 21%.
Year-over-year gaming revenue from slots and table games decreased 0.8% to $1.26 billion. MGM Grand Detroit revenue rose 8.3% to $600 million. MotorCity Casino revenue decreased 9.5% to $396.5 million. Hollywood Casino at Greektown reported a 5.1% drop in revenue to $260.5 million.
Through 2022, the three Detroit casinos paid $101.8 million in gambling taxes on slot and table game revenue to the state of Michigan compared to $102.6 million in 2021.
The three Detroit casinos reported $155.6 million in gambling taxes and development agreement payments on slot and table game revenue to the City of Detroit during 2022 compared to $160.8 million paid in 2021.
The three casinos reported total eligible retail sports betting adjusted gross receipts of $18.81 million, down 30.2% from the $26.95 million reported in 2021.QAGR) is the total sports betting receipts minus the cash value of free play incentives offered and wagered by bettors.
The three Detroit casinos in 2022 paid $711,087 in retail sports betting taxes to the state of Michigan compared to $1 million in 2021. They reported providing $869,107 in retail sports betting taxes to the city of Detroit for $1.2 million paid in 2021.
In calendar year 2022, casino betting taxes contributed $101,814,954 to the state school aid fund, and the fund received $711,087 in retail sports betting taxes.
