Detroit casinos
Sports Betting and iGaming Operators in Michigan Report January 2025 Revenue
Michigan commercial and tribal operators reported a combined $331.2 million total internet gaming (iGaming) gross receipts and gross sports betting receipts in January. Gross receipts increased 25.4% compared to December.
Monthly Gross Receipts
January iGaming gross receipts totaled $248.2 million, the highest to date. The previous high was $244.0 million recorded in December 2024. January gross sports betting receipts totaled $83.0 million, which is an increase from the $20.2 million recorded in December.
Monthly Adjusted Gross Receipts
Combined total iGaming and internet sports betting adjusted gross receipts (AGR) for January were $287.9 million, including $233.1 million from iGaming and $54.8 million from internet sports betting — representing an iGaming increase of 6.1% and a sports betting increase of $54.5 million when compared to December 2024. Compared to January 2024 reported revenues, iGaming AGR was up by 42.0% and sports betting was up by $36.0 million.
Monthly Handle
Total internet sports betting handle at $555.2 million was down by 7.1% from the $597.7 million handle recorded in December 2024.
Monthly State Taxes/Payments
The operators reported submitting $46.8 million in taxes and payments to the State of Michigan during January, of which:
iGaming taxes and fees = $43.7 million
Internet sports betting taxes and fees = $3.1 million
Monthly City of Detroit Taxes/Payments
The three Detroit casinos reported paying the City of Detroit $12.8 million in wagering taxes and municipal services fees during January, of which:
iGaming taxes and fees = $11.8 million
Internet sports betting taxes and fees = $1.0 million
Monthly Tribal Operators’ Payments
Tribal operators reported making $5.0 million in payments to governing bodies in January.
The post Sports Betting and iGaming Operators in Michigan Report January 2025 Revenue appeared first on Gaming and Gambling Industry in the Americas.
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 $101.98 million in monthly aggregate revenue (AGR) for the month of September 2024, of which $101.23 million was generated from table games and slots, and $755,519 from retail sports betting.
The September market shares were:
• MGM, 47%
• MotorCity, 31%
• Hollywood Casino at Greektown, 22%
Monthly Table Games, Slot Revenue, and Taxes
The casinos’ revenue for table games and slots for the month of September 2024 increased 1.2% when compared to the same month last year. September’s monthly revenue was 8.6% lower when compared to the previous month, August 2024. From Jan. 1 through Sept. 30, the Detroit casinos’ table games and slots revenue increased by 1.0% compared to the same period last year.
The casinos’ monthly gaming revenue results were mixed compared to September 2023:
• MGM, up 6.6% to $47.68 million
• MotorCity, up 0.5% to $31.17 million
• Hollywood Casino at Greektown, down 7.8% to $22.38 million
In September 2024, the three Detroit casinos paid $8.2 million in gaming taxes to the State of Michigan. They paid $8.1 million for the same month last year. The casinos also reported submitting $12.5 million in wagering taxes and development agreement payments to the City of Detroit in September.
Monthly Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $22.02 million in total retail sports betting handle, and total gross receipts were $771,751 for the month of September. Retail sports betting qualified adjusted gross receipts (QAGR) were down by 52.0% in September when compared to September 2023, and down by 55.4% when compared to August 2024.
September QAGR by casino was:
• MGM: $601,794
• MotorCity: $11,817
• Hollywood Casino at Greektown: $141,908
During September, the casinos paid $28,559 in gaming taxes to the state and reported submitting $34,905 in wagering taxes to the City of Detroit based on their retail sports betting revenue.
Fantasy Contests
For August 2024, fantasy contest operators reported total adjusted revenues of $613,448 and paid taxes of $51,530.
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