Detroit casinos
Detroit Casinos Report $101.6M in September Revenue
The three Detroit casinos reported $101.6 million in monthly aggregate revenue for the month of September 2023, of which $100 million was generated from table games and slots, and $1.6 million from retail sports betting.
The September market shares were:
· MGM, 44%
· MotorCity, 31%
· Hollywood Casino at Greektown, 25%
Table Games and Slot Revenue and Taxes
September 2023 table games and slot revenue decreased 0.8% when compared to September 2022 results. September monthly revenue was 4.4% lower than August 2023. From January 1 through Sept. 30, the Detroit casinos’ table games and slots revenue increased by 0.6% compared to the same period last year.
The casinos’ monthly gaming revenue results were mixed compared to September 2022:
· Hollywood Casino at Greektown, up 15.1% to $24.3 million
· MGM, down 7.6% to $44.7 million
· MotorCity, down 1.1% to $31 million
During September, the three Detroit casinos paid $8.1 million in gaming taxes to the State of Michigan. They paid $8.2 million for the same month last year.
The casinos reported submitting $12.3 million in wagering taxes and development agreement payments to the City of Detroit in September.
Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $18.1 million in total retail sports betting handle, and total gross receipts were $1.6 million.
Retail sports betting qualified adjusted gross receipts (QAGR) were down by 39.4% compared to September 2022. September QAGR was up by $1.3 million compared to August 2023.
September QAGR by casino was:
· MGM: $43,528
· MotorCity: $875,616
· Hollywood Casino at Greektown: $655,816
During September, the casinos paid $59,533 in gaming taxes to the state and reported submitting $72,763 in wagering taxes to the City of Detroit based on retail sports betting revenue.
Fantasy Contests
For August, fantasy contest operators reported total adjusted revenues of $1.3 million and paid taxes of $110,903.
From January 1 through Aug. 31, fantasy contest operators reported $14.7 million in aggregate fantasy contest adjusted revenues and paid $1.2 million in taxes.
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.
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.
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.
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