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Detroit casinos

Michigan iGaming, Sports Betting Operators Report $205.3M in October Revenue, Bettors Wagered Record $533M

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Michigan commercial and tribal operators reported a combined $205.3 million total internet gaming (iGaming) gross receipts and gross sports betting receipts in October. Gross receipts decreased 2.4% compared to September results.

October iGaming gross receipts totaled $160.3 million and gross sports betting receipts totaled $45 million. In September 2023, iGaming gross receipts were $166.4 million and gross sports betting receipts were $44 million.

Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for October were $167.7 million, including $144.2 million from iGaming and $23.5 million from internet sports betting — representing an iGaming decrease of 3.7% and a 25.4% increase for sports betting when compared to September 2023. Compared to October 2022 reported revenues, iGaming AGR was up by 13.9% and sports betting was down by 26.1%.

Total internet sports betting handle at $533 million was up by 16.5% from the $457.7 million handle recorded in September 2023. This is the highest internet sports betting handle to date and the first time the total handle has exceeded $500 million.

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The operators reported submitting $31.9 million in taxes and payments to the State of Michigan during October, including:

  • Internet gaming taxes and fees: $30.1 million
  • Internet sports betting taxes and fees: $1.8 million

The three Detroit casinos reported paying the City of Detroit $8.2 million in wagering taxes and municipal services fees during October, including:

  • Internet gaming taxes and fees: $7.5 million
  • Internet sports betting taxes and fees: $663,754

Tribal operators reported making $3.7 million in payments to governing bodies in October.

As of October, a total of 15 commercial and tribal operators have been authorized to launch iGaming and/or internet sports betting. Currently, 14 commercial and tribal operators offer internet sports betting, and 15 operators offer iGaming.

Detroit casinos

Detroit Casinos Report $112.5M in August Revenue

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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

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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

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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.

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Detroit casinos

Detroit Casinos Report $105.44M in June Revenue

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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:

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  • 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.

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Detroit casinos

Michigan iGaming and Sports Betting Operators Report $234.8M in April Revenue

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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%.

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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

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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

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Monthly Tribal Operators’ Payments

Tribal operators reported making $4.3 million in payments to governing bodies in April.

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