The Michigan Gaming Control Board (MGCB) said the increase is mainly due to casinos operating at reduced capacity in March last year as a result of the new coronavirus (Covid-19) measures in the state.
However, it was also noted that the March 2022 figure was higher than the $94.7 million recorded in February this year, representing a 29.8% month-on-month increase.
MGM Grand Detroit led the way with a market share of 46%, ahead of MotorCity Casino at 33%, after Penn National’s Greektown Casino Hotel at 21%.
The monthly performance breakdown, table games and slots accounted for $120.9 million of all revenue generated during the month, up 9.1% year-over-year and 26.5% before February this year. year.
Table games and slots at MGM reached $55.9 million, while MotorCity posted $39.3 million and Greektown $25.7 million.
The three casinos paid the State of Michigan $9.8 million in gaming taxes during the month, as well as $14.4 million in gambling taxes and development agreement payments to the City of Detroit.
Going back to sports betting and the total qualifying adjusted gross revenues (QAGR) for March was $1 million, 65% lower than March 2021 but 31.3% higher than February this year.
MotorCity claimed the top spot in sports betting with $718,442 on the QAGR, ahead of Greektown with $664,550 and after MGM with $545,336.
The casinos processed a total of $26.4 million in wagers, with gross receipts of $2.0 million, while $72,891 was paid in state taxes and $89,089 in retail sports betting taxes to the City of Detroit.
