(CBS DETROIT) — Detroit’s three casinos reported $118.73 million in income in April, with the state accumulating $9.5 million in taxes.
Based on the Michigan Gaming Management Board, desk video games and slots generated $116.86 million whereas the remaining got here from retail sports activities betting ($1.87 million).
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Officers say income in desk video games and slots rose 8.8% in comparison with final yr; nonetheless, month-to-month income dropped 3.4% in comparison with March.
As well as, income via April 30 rose 10.4% in comparison with the primary 4 months in 2021, through which the casinos operated at decreased capability on account of COVID-19-related issues.
The board says the quantity in taxes paid to the state elevated from $8.7 million final yr.
Here’s a breakdown of income:
Desk Video games and Slot Income and Taxes
April desk video games and slots income rose 8.8% in contrast with April 2021 outcomes. April month-to-month income dropped 3.4% in contrast with March income. By April 30, the casinos’ desk video games and slots income rose 10.4% in contrast with the primary 4 months of 2021. In early 2021, all three places operated at decreased capability due to COVID-19-related well being issues.
The casinos’ month-to-month gaming income outcomes have been blended in contrast with April 2021:
- MGM, up 31.4% to $56.76 million
- MotorCity, down by 8.8% to $36.42 million
- Greektown, down 2.6% to $23.68 million
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Retail Sports activities Betting Income and Taxes
The three Detroit casinos reported $24,785,686 in complete retail sports activities betting deal with, and complete gross receipts have been $1.9 million.
Retail sports activities betting certified adjusted gross receipts (QAGR) have been up by 21.3% in April in contrast with the identical month final yr. April QAGR fell by 3% in contrast with March outcomes.
April QAGR by on line casino was:
- MGM, $405,385
- MotorCity, $552,841
- Greektown, $912,513
Fantasy Contests
For March, fantasy contest operators reported complete adjusted revenues of $984,560 and paid taxes of $82,703.
For the primary quarter, fantasy contest operators reported $3.8 million in combination fantasy contest adjusted revenues and paid $315,013 in taxes.
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