DETROIT (WWJ) -- Detroit's three commercial casinos are reporting large revenue increases for the month of March despite continuing to operate at limited capacity due to COVID-19 health concerns.
The aggregate revenue of the MGM Grand Detroit, MotorCity and Greektown casinos was $113.84 million in March -- a 28-percent increase from February, according to the Michigan Gaming Control Board.
The three casinos saw massive increases in revenue compared to last March when they were forced to temporarily close at the beginning of the pandemic. MGM brought in more than $43 million in March -- an 81-percent increase compared to a year ago. MotorCity revenue was up more than 107 percent to $42 million, while Greektown's $25 million was a 93-percent increase.
MGM saw 39 percent of the market share, while MotorCity was at 38 percent and Greektown 23 percent.
The MGCB says the three casinos handled more than $24 million in sports bets during the month -- highlighted by the NCAA Men's Basketball Tournament -- and took in just under $3 million in revenue from sports bets in March. MotorCity saw the bulk of sports betting revenue in the month, with more than $1.2 million.
The state received $112,272 in taxes on retail sports betting revenue from the Detroit casinos. The three casinos also reported submitting $137,221 in retail sports betting taxes to the City of Detroit.
Officials say table games and slots generated $110.87 million in revenue during the month of March.
During March, Detroit's three casinos paid $9 million in gaming taxes to the state of Michigan -- nearly double the $4.7 million paid in March 2020.
The three Detroit casinos reported submitting to the City of Detroit $13.2 million in wagering taxes and development agreement payments during March.
