Detroit casinos register $1.29bn in revenue in 2021

Detroit casinos register $1.29bn in revenue in 2021

Last year´s revenue for the three casinos has exceeded 2020 results but has fallen compared to 2019’s record.

US.- Detroit’s three casinos have recorded $1.29bn in aggregate revenue in 2021, beating 2020 results that were significantly impacted by the pandemic but falling short of 2019’s record total.

The 2021 revenue total exceeds the nearly $639m in aggregate revenue that MGM Grand Detroit, MotorCity Casino, and Greektown Casino generated in 2020 when they were closed due to Covid-19 restrictions.

In 2019, the casinos generated a record $1.45bn in revenue.

MGM Grand registered 43% of Detroit’s casino revenue, with MotorCity contributing 35% and Penn National’s Greektown the remaining 22%.

According to the Michigan Gaming Control Board, slots generated $998.8m, table games registered $268m and retail sports betting produced revenue of $26.95m.

Greektown sports betting registered revenue of $9.5m while MGM Grand’s sports betting revenue came to $8.8m and MotorCity $8.7m.

The casinos paid a combined total of $102.6m in wagering taxes to the state of Michigan, compared with $50.3m in 2020.

Detroit casinos report $112.5m in December revenue

For December, revenue from the three casinos totaled $112.5m.

Table games and slots generated $111.4m, a 405% increase on December 2020 when the casinos were closed due to Covid-19 pandemic. Sports betting revenue added a further $1.1m.

MGM’s $51.4m revenue in December was up 576.5% from 2020. MotorCity reported a 284.9% increase to $35m and Greektown’s revenue of $35m was up 365.9% year-on-year.

See also: Detroit casinos report $108.2m in November aggregate revenue

In this article:
casino revenue Detroit Land-based casinos Michigan Michigan Gaming Control Board