Revenue at Detroit’s three commercial casino slipped 1.2% year-on-year in May despite a sharp increase in sports betting revenue.
Total revenue from MGM Grand Detroit, MotorCity Casino and Penn National’s Hollywood Casino at Greektown for the month was $108.7m (£86.4m/€101.7m), down from $110.0m in May 2021 and also 8.4% lower than $118.7m in April this year.
MGM retained top spot in Detroit with a 46% share of the market, ahead of MotorCity on 32% and Hollywood with 22%.
Total table games and slots revenue reached $106.3m, down 1.5% year-on-year and 9.1% from April this year.
MGM reported an 8.3% year-on-year increase in table games and slots revenue to $50.0m, though revenue at MotorCity was down 9.5% to $34.6m and Hollywood revenue declined 8.0% to $21.7m.
The casinos paid $8.6m in gaming taxes during the month, as well as $12.6m in wagering taxes and development agreement payments to the City of Detroit.
Turning to retail sports betting and qualified adjusted gross receipts (..