Detroit Casinos Win $1.27 Billion From Gamblers In 2022

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Detroit, MIDetroit Casinos Win $1.27 Billion From Gamblers In 2022

The Michigan Gaming Management Board has launched full figures from playing within the Metropolis of Detroit final yr.

The three brick-and-motar Detroit casinos reported $1.276 billion in yearly income in 2022. Slots generated 77% of income at $983.7 million, desk video games supplied 21% of income at $273.3 million, and retail sports activities betting added 2% of income at $18.8 million.

The numbers don’t embrace cash generated from numerous types of on-line playing which can be authorized within the Wolverine State.

By comparability, the casinos produced $1.294 billion in combination income in 2021. The 2022 market shares had been: MGM Grand Detroit, 48%, MotorCity On line casino, 31%, and Hollywood On line casino at Greektown, 21%.

Yr-over-year gaming income for slots and desk video games declined a fractional 0.8% to $1.26 billion. MGM Grand Detroit’s income rose 8.3% to $600 million. MotorCity On line casino’s income fell 9.5% to $396.5 million. Hollywood On line casino at Greektown reported a 5.1% decline in income to $260.5 million.

Throughout 2022, the three Detroit casinos paid $101.8 million in wagering taxes on slots and desk video games income to the State of Michigan in contrast with $102.6 million in 2021.

The three Detroit casinos reported making $155.6 million in wagering taxes and growth settlement funds on slots and desk video games income to the Metropolis of Detroit throughout 2022 in contrast with $160.8 million paid in 2021.

The three casinos reported combination retail sports activities betting certified adjusted gross receipts of $18.81 million, down 30.2% from the $26.95 million reported in 2021. Certified adjusted gross receipts (QAGR) are gross sports activities betting receipts minus the financial worth of free play incentives supplied to and wagered by bettors.

The three Detroit casinos in 2022 paid $711,087 in taxes for retail sports activities betting to the State of Michigan in contrast with $1 million in 2021. They reported submitting $869,107 in retail sports activities betting taxes to the Metropolis of Detroit in contrast with $1.2 million paid in 2021.

Within the calendar yr 2022, on line casino wagering taxes contributed $101,814,954 to the state Faculty Help Fund, and the fund obtained $711,087 from retail sports activities betting taxes.

 

 

 





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