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Retail Sportsbook Numbers Up, Retail Casino Numbers Down In May

Detroit’s three casinos reported $108.7 million in monthly aggregate revenue for the month of May, with table games and slots generating $106.3 million in revenue and retail sports betting bringing in $2.4 million, according to numbers released by the Michigan Gaming Control Board.

On the sports betting side, qualified adjusted gross receipts (QAGR) rose 36.6% year-over-year, while the monthly QAGR was 27.7% higher than in April. Hollywood Casino at Greektown was the big winner, with a total QAGR haul of $1.59 million. MotorCity was second at $757,469, and MGM brought up the rear at $220,028.

Total handle was north of $22.7 million, and the three casinos paid $90,279 in gaming taxes to the state and $110,341 in wagering taxes and development agreement payments to the City of Detroit for the month. Through the first five months of the year, Hollywood Casino at Greektown is at $3.8 million in QAGR, followed by MotorCity at $2 million and MGM at $1.5 million.

Tables and slots down

Table and slot revenue went in the other direction, with revenue falling 1.5% compared with May 2021 numbers and off 9.1% from April.

For the month, MGM was the clear leader with $50 million in revenue, followed my MotorCity at $34.6 million and Hollywood Casino at Greektown at $21.7 million. During May, the three Detroit casinos paid $8.6 million in gaming taxes to the state and another $12.6 million in wagering taxes and development agreement payments to the City of Detroit.

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The post Retail Sportsbook Numbers Up, Retail Casino Numbers Down In May appeared first on MIBets.

Author: Bradley King