Detroit Casinos Win $1.28 Billion In 2022
Michigan casinos in Detroit kept chugging along in 2022, raking in $1.28 billion in revenue. That number nearly reached the 2021 total of $1.29 billion.
As in years past, MGM Grand Detroit generated the most revenue, with Motorcity Casino and Hollywood Casino at Greektown following behind.
Casinos earned the most revenue of the year in March ($120.9 million), while February produced the lowest revenue of the year ($95.6 million), according to PlayMichigan.com.
MGM Grand nearly hits $600 million
MGM Grand Detroit generated $599,997,956.44 in slots and table-game revenue in 2022, according to data from the Michigan Gaming Control Board (MGCB). That nearly-$600-million figure represents an 8.3% increase over its 2022 numbers.
Additionally, MGM Grand captured a 48% share of the market, up from 43% in 2022. MGM Grand was the only one of the state’s three commercial casinos to post an increase in gaming revenue in 2022.
MGM Grand’s best revenue month was April when it generated $56.76 million. February was its worst month, at $46,28 million.
As for tax revenue, the casino paid $48.60 million (the state gambling tax is 8.1%).
MotorCity Casino revenue dips below $400 million
MotorCity totaled the second-most slots and table-game revenue for 2022, tallying $396,520,768.46. The Michigan casino’s totals dropped 9.5% compared to 2021. Its market share fell from 35% to 31%.
MotorCity’s near-10% revenue drop represented the worst performance of the year for Detroit’s three casinos.
Its best revenue month was March when it brought in $39.29 million. Its worst month was February, in which it saw revenue drop to $28.94 million.
The property paid $32.12 million in state wagering tax. in 2022.
Hollywood Greektown can’t match 2021 revenue numbers
Hollywood Casino at Greektown reported a total slots and table games revenue of $260,456,016.78 in 2022. Those figures represent a 5.1% decline compared to the casino’s 2021 numbers.
Hollywood Greektown’s market share dropped one percentage point in 2022, from 22% to 21%.
The casino’s biggest revenue month came in March when it brought in $25.72 million. Its worst revenue month was July when Hollywood Greektown saw its slots and table games create $19.86 million.
The casino paid $101.81 million in state gambling taxes in 2022.
Sports betting revenue sees big drop at Detroit casinos
The MGCB reported that retail sports betting revenue at the three Michigan casinos dropped a staggering 30.2% in 2022. The three casinos’ sportsbooks generated $18.81 million this past year, down from $26.95 million two years ago.
While Hollywood Casino at Greektown generated the lowest slots and table games revenue, it posted the biggest sports betting revenue numbers: $7.05 million. MGM Grand and MotorCity generated $6.21 million and $5.55 million, respectively.