Detroit casinos
Detroit Casinos Report $79.1M in November Revenue
The three Detroit casinos reported $79.1 million in monthly aggregate revenue (AGR) for the month of November 2023, of which $76 million was generated from table games and slots, and $3.1 million from retail sports betting.
The November market shares were:
- MGM, 39%
- MotorCity, 34%
- Hollywood Casino at Greektown, 27%.
Table Games and Slot Revenue and Taxes
November 2023 table games and slot revenue decreased 23.9% when compared to November 2022 results. November monthly revenue was 7% lower than October 2023. From Jan. 1 through Nov. 30, the Detroit casinos’ table games and slots revenue decreased by 3.2% compared to the same period last year.
- MGM, down 34.4% to $30.6 million
- MotorCity, down 17.8% to $24.7 million
- Hollywood Casino at Greektown, down 10.8% to $20.7 million.
During November, the three Detroit casinos paid $6.2 million in gaming taxes to the State of Michigan. They paid $8.1 million for the same month last year.
The casinos reported submitting $9.4 million in wagering taxes and development agreement payments to the City of Detroit in November.
Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $15.3 million in total retail sports betting handle, and total gross receipts were $3.1 million for the month of November.
Retail sports betting qualified adjusted gross receipts (QAGR) were up by $1.2 million when compared to November 2022. November QAGR was up by $2.0 million compared to October 2023.
November QAGR by casino was:
- MGM: $230,847
- MotorCity: $2.2 million
- Hollywood Casino at Greektown: $657,535
During November, the casinos paid $116,769 in gaming taxes to the state and reported submitting $142,718 in wagering taxes to the City of Detroit based on retail sports betting revenue.
Fantasy Contests
For October, fantasy contest operators reported total adjusted revenues of $2.7 million and paid taxes of $229,544.
From Jan. 1 through Oct. 31, fantasy contest operators reported $19.5 million in aggregate fantasy contest adjusted revenues and paid $1.6 million in taxes.
The three Detroit casinos reported $108.35 million in monthly aggregate revenue (AGR) for the month of November 2024. Table games and slots generated $106.44 million and retail sports betting generated $1.91 million.
The November market shares were:
- MGM, 46%
- MotorCity, 31%
- Hollywood Casino at Greektown, 23%
Monthly Table Games, Slot Revenue, and Taxes
The casinos’ revenue for table games and slots for the month of November 2024 increased 40.1% when compared to the same month last year. This remarked increase is due in part to when casino employees went on strike¾which began in October 2023 and lasted through most of the month of November 2023¾causing AGR totals to be lower than normal. November’s monthly revenue was 2.7% higher when compared to the previous month, October 2024. From Jan. 1 through Nov. 30, the Detroit casinos’ table games and slots revenue increased by 5.6% compared to the same period last year.
The casinos’ monthly gaming revenue results all increased compared to November 2023:
- MGM, up 60.6% to $49.21 million
- MotorCity, up 34.0% to $33.06 million
- Hollywood Casino at Greektown, up 16.8% to $24.17 million
In November 2024, the three Detroit casinos paid $8.6 million in gaming taxes to the State of Michigan. They paid $6.2 million for the same month last year. The casinos also reported submitting $13.2 million in wagering taxes and development agreement payments to the City of Detroit in November.
Monthly Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $20.99 million in total retail sports betting handle, and total gross receipts totaled $1.9 million for the month of November. Retail sports betting qualified adjusted gross receipts (QAGR) were down by $1.2 million in November when compared to November 2023, and up by $2.7 million when compared to October 2024.
November QAGR by casino was:
- MGM: $457,409
- MotorCity: $571,059
- Hollywood Casino at Greektown: $886,249
During November, the casinos paid $72,376 in gaming taxes to the state and reported submitting $88,460 in wagering taxes to the City of Detroit based on their retail sports betting revenue.
Fantasy Contests
For October 2024, fantasy contest operators reported total adjusted revenues of $991,881 and paid taxes of $83,318.
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.
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