The three Detroit, US, casinos – MotorCity Casino, MGM Grand Detroit and Greektown Casino – saw a 65 per cent decrease in year-over-year aggregate revenue in July as compared with July 2019.
Due to health concerns related to Covid-19, the casinos were ordered to close from March 16 through to July. The casinos reopened last week on August 5.
In July 2019, the Detroit casinos recorded $119m in aggregate revenue. In July 2020, MGM Grand Detroit saw a 65.5 per cent decrease in year-over-year revenue, reporting $126.5m in year-to-date revenue. MotorCity Casino saw a decrease of 64.8 per cent, reporting $102.6m in year-to-date revenue. Greektown Casino reported $70.1m in year-to-date revenue, which was a 64.3 per cent decrease from July 2019.
The casinos paid $24.2m in gaming taxes to the State of Michigan and $35.6m to the City of Detroit through July 31 of this year. By July 31, 2019, the casinos had paid $69.2m to the state and $101.7m to Detroit.
For the month ending June 30, fantasy contest operators reported total adjusted revenues of $488,050 and paid taxes of $40,996 to the State of Michigan. Through June 30, fantasy contest operators reported year-to-date adjusted revenues of $4,052,669 and taxes paid to the state of $340,424.
Source: Michigan Gaming Newsletter