{"id":2966,"date":"2023-06-15T14:33:59","date_gmt":"2023-06-15T14:33:59","guid":{"rendered":"https:\/\/www.casinousa.com\/news\/?p=2966"},"modified":"2023-06-15T14:33:59","modified_gmt":"2023-06-15T14:33:59","slug":"detroit-casinos-see-decrease-in-monthly-earnings-for-may","status":"publish","type":"post","link":"https:\/\/www.casinousa.com\/news\/detroit-casinos-see-decrease-in-monthly-earnings-for-may","title":{"rendered":"Detroit Casinos See Decrease in Monthly Earnings for May"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.casinousa.com\/news\/wp-content\/uploads\/sites\/2\/2020\/08\/michigan.jpg\" alt=\"Michigan\" title=\"Detroit Casinos See Decrease in Monthly Earnings for May \" class=\"alignright size-full wp-image-1586\" width=\"300\" title=\"Detroit Casinos See Decrease in Monthly Earnings for May \" \/><strong>Summary<\/strong><\/p>\n<ul>\n<li>The bulk of earnings came from table games and slots. <\/li>\n<li>Retail sports betting generated just under $900,000.  <\/li>\n<li>MGM Grand Detroit holds the market share at 47%. <\/li>\n<\/ul>\n<p>In <a href=\"https:\/\/www.casinousa.com\/states\/michigan\">Michigan<\/a>, the three casinos in Detroit are the only commercial gaming options. <strong>The MGM Grand Detroit, MotorCity Casino, and Hollywood Casino at Greektown<\/strong> are top choices for residents and visitors to the area. <\/p>\n<p>The <strong>Michigan Gaming Control Board<\/strong> recently <a href=\"https:\/\/www.michigan.gov\/mgcb\/news\/2023\/06\/13\/detroit-casinos-report-may\">released the monthly revenue totals for the venues<\/a>, with details on May earnings. For the month, the three venues were able to bring in just over $105 million. This is a slight decrease from May 2022, by around 2.9%. <\/p>\n<h2 id=\"details-of-the-month\">Details of the Month<\/h2>\n<p>The Detroit casinos saw just over $104 million from <a href=\"https:\/\/www.casinousa.com\/games\/slots\">slot machines<\/a> and table games, while the sports betting retail sector brought in just over $893,000. The MGM Grand Detroit held the market share for May at 47%. MotorCity came in at 31%, followed by Hollywood Casino at 22%. <\/p>\n<p>Slots and table game revenues were down in May by around 1.4%. The month-to-month total was also down by 4.5% when compared to April. It\u2019s important to note that May is a busy month as the school session is ending and summer travel is beginning. The decrease in totals is not alarming but a sign of the season. <\/p>\n<p>The Hollywood Casino was the only one to see an increase in earnings. Revenues were up 7.4%, with $23.2 million generated. MGM dropped by 14%, and MotorCity was down just over 7%. MGM brought in $49.3 million, and MotorCity came in with just over $32 million. <\/p>\n<p>For the month, the casinos paid out $8.5 million in taxes. This was slightly lower than the $8.6 million paid in 2022. <\/p>\n<h2 id=\"retail-sports-betting-sees-big-decrease\">Retail Sports Betting Sees Big Decrease<\/h2>\n<p>The Detroit venues also offer retail sports betting, with the industry significantly declining in May. The casinos generated $16.9 million in sports betting handle, with gross receipts totaling $921,268. Adjusted gross receipts were up by just over $773,000. The May qualified adjusted gross receipts were down by 62.6% when compared to May 2022. <\/p>\n<p>MGM dropped to just over $470,000, while MotorCity hit $395,677. Hollywood came in on the low end at $27,545. Combined sports betting totals for all three casinos were $893,732. This was a huge decrease from April when $2.4 million was generated. <\/p>\n<p>Along with <a href=\"https:\/\/www.casinousa.com\/games\/sports-betting\">sports betting<\/a>, the state allows for fantasy contest wagering. This industry saw $2.1 million in adjusted revenues. The industry is doing quite well, with the year bringing in $8.9 million in adjusted revenues from January to the end of April. <\/p>\n","protected":false},"excerpt":{"rendered":"Summary The bulk of earnings came from table games and slots. Retail sports betting generated just under $900,000. MGM Grand Detroit holds the market share at 47%. In Michigan, the three casinos in Detroit are the only commercial gaming options. The MGM Grand Detroit, MotorCity Casino, and Hollywood Casino at Greektown are top choices for [&hellip;]","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,6,5],"tags":[],"class_list":["post-2966","post","type-post","status-publish","format-standard","hentry","category-news","category-financial","category-industry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Detroit Casinos See Decrease in Monthly Earnings for May<\/title>\n<meta name=\"description\" content=\"Casinos in Detroit earned just over $105 million in May, dropping by 2.9% from the previous year\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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