Michigan casinos register $114.1m in revenue for October

The MGM Grand Detroit recorded 47 per cent of the market share.

US.-  The Michigan Gaming Control Board (MGCB) has reported that the state’s three non-tribal casinos, all located in Detroit, reported $114.1m in revenue for October. The MGM Grand Detroit recorded 47 per cent of the market share, while MotorCity was in second place with 33 per cent.

Table games and slots generated generating $111.5m in revenue for October, while retail sports betting registered $2.6m for the month. MGM Grand registered a 39 per cent increase in table games revenue, while Greektown posted an 11 per cent rise. MotorCity’s table games revenue rose by 2 per cent.

The three casinos submitted $9m in gaming taxes, $1.4m more than 2020’s figure of $7.6m. They paid $13.8m in wagering taxes and development agreement payments to the City of Detroit. Sports betting decreased from 2020´s performance, with qualified adjusted gross receipts down by 65.2 per cent from last year and 23.6 per cent from September 2021.

See also: Michigan online gaming and sports betting reach $126m in revenue in September