Detroit Casinos $109.69m May Revenue Report Places MGM Grand on Top
MGM Grand Detroit continues taking up a dominant placement amid Motor City casinos as Michigan Gaming Control Board’s monthly publications release exciting figures for the month of May, where most venues still held COVID-19-related regulations
To demonstrate in a comparative manner, the three MGM casinos of Detroit (Grand Detroit, MotorCity Casino, and Greektown) reported a collective figure of $109.69m, which was a slight diminution in comparison to previous month’s $115.23m report.
Further, about a $107.94mil profit was brought in by slots and table games, whereas around $1.75mill by sports wagering.
In the times of running fully packed, the 3 casinos disclosed a complete number revenue of $125.8mil brought by table games and slots in May 2019. Due to pandemic-related health concerns, however, all 3 venues were shut down in May 2020.
MGM, MotorCity, and Greektown respectively collected respectively $46.15, $38.19 and $23.6mil in the gaming revenue of the month May. When compared to April, the profit gained from slots and table games increased by a tiny 0.5% this month.
In the course of May, the Michigan State was recompensed $8.7mil in gambling taxes by the betting properties, while Detroit city $12.8mil in development-related deposits and taxes.
The full sporting betting stock made $20.19mil, with $1.76mil in gross revenue. MGM had $402,223, MotorCity had $709,796, and Greektown had $636,547 in AGI from retail sports betting. MGM’s aggregate sports betting qualification in AGI for this year totaling $2.72mill, MotorCity’s $3.78mil, and Greektown’s $3.72mil since May 31.