Detroit casinos
Detroit Casinos Report $105.44M in June Revenue
The three Detroit casinos reported $105.44 million in monthly aggregate revenue (AGR) for the month of June 2024, of which $104.55 million was generated from table games and slots, and $889,014 from retail sports betting.
The June market shares were:
- MGM, 46%
- MotorCity, 30%
- Hollywood Casino at Greektown, 24%
Monthly Table Games, Slot Revenue, and Taxes
The casinos’ revenue for table games and slots for the month of June 2024 increased 2.6% when compared to the same month last year. June’s monthly revenue was 6.1% lower when compared to the previous month, May 2024. From Jan. 1 through June 30, the Detroit casinos’ table games and slots revenue increased by 0.4% compared to the same period last year.
The casinos’ monthly gaming revenue results were mixed compared to June of last year:
- MGM, up 3.6% to $48.71 million
- MotorCity, down 3.1% to $31.47 million
- Hollywood Casino at Greektown, up 9.0% to $24.37 million
In June 2024, the three Detroit casinos paid $8.5 million in gaming taxes to the State of Michigan. They paid $8.3 million for the same month last year. The casinos also reported submitting $12.4 million in wagering taxes and development agreement payments to the City of Detroit in June.
Monthly Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $8.4 million in total retail sports betting handle, and total gross receipts were $894,867 for the month of June. Retail sports betting qualified adjusted gross receipts (QAGR) were down by 52.2% in June when compared to the previous month, May 2024.
June QAGR by casino was:
- MGM: $154,265
- MotorCity: $460,693
- Hollywood Casino at Greektown: $274,056
During June, the casinos paid $33,605 in gaming taxes to the state and reported submitting $41,072 in wagering taxes to the City of Detroit based on their retail sports betting revenue.
Fantasy Contests
For May 2024, fantasy contest operators reported total adjusted revenues of $806,636 and paid taxes of $67,757.
The three Detroit casinos reported $102.9 million in monthly aggregate revenue (AGR) for the month of October 2024, of which $103.7 million was generated from table games and slots, and negative ($826,796) from retail sports betting.
The October market shares were:
• MGM, 48%
• MotorCity, 30%
• Hollywood Casino at Greektown, 22%
Monthly Table Games, Slot Revenue, and Taxes
The casinos’ revenue for table games and slots for the month of October 2024 increased 26.9% when compared to the same month last year. This remarked increase is due in part to when casino employees went on strike on Oct. 17, 2023, which caused AGR totals to be lower than normal. October’s monthly revenue was 2.4% higher when compared to the previous month, September 2024. From Jan. 1 through Oct. 31, the Detroit casinos’ table games and slots revenue increased by 3.0% compared to the same period last year.
The casinos’ monthly gaming revenue results all increased compared to October 2023:
• MGM, up 32.4% to $49.4 million
• MotorCity, up 26.7% to $31.7 million
• Hollywood Casino at Greektown, up 16.5% to $22.6 million
In October 2024, the three Detroit casinos paid $8.4 million in gaming taxes to the State of Michigan. They paid $6.6 million for the same month last year. The casinos also reported submitting $12.8 million in wagering taxes and development agreement payments to the City of Detroit in October.
Monthly Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $22.19 million in total retail sports betting handle, and total gross receipts totaled negative ($822,552) for the month of October. Retail sports betting qualified adjusted gross receipts (QAGR) were down by $2.0 million in October when compared to October 2023, and down by $1.6 million when compared to September 2024.
October QAGR by casino was:
• MGM: negative ($474,293)
• MotorCity: negative ($528,408)
• Hollywood Casino at Greektown: $175,905
During October, the casinos paid $6,649 in gaming taxes to the state and reported submitting $8,127 in wagering taxes to the City of Detroit based on their retail sports betting revenue.
Fantasy Contests
For September 2024, fantasy contest operators reported total adjusted revenues of $1.1 million and paid taxes of $89,282.
The three Detroit casinos reported $112.5 million in monthly aggregate revenue (AGR) for the month of August 2024, of which $110.8 million was generated from table games and slots, and $1.7 million from retail sports betting.
The August market shares were:
• MGM, 48%
• MotorCity, 28%
• Hollywood Casino at Greektown, 24%
Monthly Table Games, Slot Revenue, and Taxes
The casinos’ revenue for table games and slots for the month of August 2024 increased 5.9% when compared to the same month last year. August’s monthly revenue was 4.2% higher when compared to the previous month, July 2024. From Jan. 1 through Aug. 31, the Detroit casinos’ table games and slots revenue increased by 0.9% compared to the same period last year.
The casinos’ monthly gaming revenue results all increased compared to August 2023:
• MGM, up 8.9% to $53.86 million
• MotorCity, up 0.1% to $30.76 million
• Hollywood Casino at Greektown, up 7.4% to $26.18 million
In August 2024, the three Detroit casinos paid $8.97 million in gaming taxes to the State of Michigan. They paid $8.47 million for the same month last year. The casinos also reported submitting $17.3 million in wagering taxes and development agreement payments to the City of Detroit in August.
Monthly Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $9.61 million in total retail sports betting handle, and total gross receipts were $1.7 million for the month of August. Retail sports betting qualified adjusted gross receipts (QAGR) were up by $1.4 million in August when compared to August 2023, and up by $2.1 million when compared to July 2024.
August QAGR by casino was:
• MGM: $521,529
• MotorCity: $930,952
• Hollywood Casino at Greektown: $241,045
During August, the casinos paid $64,015 in gaming taxes to the state and reported submitting $78,241 in wagering taxes to the City of Detroit based on their retail sports betting revenue.
Michigan commercial and tribal operators reported a combined $234.8 million total internet gaming (iGaming) gross receipts and gross sports betting receipts in April. Gross receipts decreased 8.7% compared to last month.
Monthly Gross Receipts
April iGaming gross receipts totaled $192.9 million and gross sports betting receipts totaled $41.9 million. In March, gross sports betting receipts were $215.15 million and gross sports betting receipts were $41.93 million.
Monthly Adjusted Gross Receipts
Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for April were $201.93 million, including $174.16 million from iGaming and $27.77 million from internet sports betting — representing an iGaming decrease of 10.4% and a sports betting increase of 4.1% when compared to last month. Compared to a year ago, in April 2023, iGaming AGR was up by 21.4% and sports betting was up by 13.3%.
Monthly Handle
Total April internet sports betting handle at $399.1 million was down by 16.9% from the $480.4 million handle recorded in March 2024.
Monthly State Taxes/Payments
The operators reported submitting $37.6 million in taxes and payments to the State of Michigan during April, of which:
iGaming taxes and fees = $35.8 million
Internet sports betting taxes and fees = $1.8 million
Monthly City of Detroit Taxes/Payments
The three Detroit casinos reported paying the City of Detroit $9.82 million in wagering taxes and municipal services fees during April, of which:
iGaming taxes and fees = $9.1 million
Internet sports betting taxes and fees = $724,986
Monthly Tribal Operators’ Payments
Tribal operators reported making $4.3 million in payments to governing bodies in April.
Endorphina Enters into Partnership with Luckia
eCOGRA Approved to Operate in Arizona, Indiana and Panama
Goa Introduces an Entirely Online Lottery Platform
Catena Media Announces Board Changes
CT Interactive to Showcase Innovative Gaming Solutions at BEGE 2024
MGM Resorts Teams with USO and American Airlines for 14th Annual Salute to the Troops at Mandalay Bay
Evoplay enters Czech market with exclusive Fortuna collaboration
EveryMatrix launches EveryMatrix Effect campaign
Spinomenal celebrates Halloween with Book of the Cursed release
QiH Group completes C-suite hiring spree with new CFO appointment
-
gaming2 years agoODIN by 4Players: Immersive, state-of-the-art in-game audio launches into the next generation of gaming
-
EEG iGaming Directory8 years ago
iSoftBet continues to grow with new release Forest Mania
-
News7 years ago
Softbroke collaborates with Asia Live Tech for the expansion of the service line in the igaming market
-
News6 years ago
Super Bowl LIII: NFL Fans Can Bet on the #1 Sportsbook Review Site Betting-Super-Bowl.com, Providing Free Unbiased and Trusted News, Picks and Predictions
-
iGaming Industry7 years ago
Rick Meitzler appointed to the Indian Gaming Magazine Advisory Board for 2018
-
News6 years ago
REVEALED: Top eSports players set to earn $3.2 million in 2019
-
iGaming Industry7 years ago
French Senator raises Loot Boxes to France’s Gambling Regulator
-
News7 years ago
Exclusive Interview with Miklos Handa (Founder of the email marketing solutions, “MailMike.net”), speaker at Vienna International Gaming Expo 2018
