Detroit casinos
Detroit Casinos Report $105.6M in May Revenue
The three Detroit casinos reported $105.6 million in monthly aggregate revenue for the month of May 2023. Table games and slots generated $104.7 million in revenue while retail sports betting produced revenue of $893,732.
The May market shares were:
- MGM, 47%
- MotorCity, 31%
- Hollywood Casino at Greektown, 22%
Table Games and Slot Revenue and Taxes
May table games and slot revenue decreased 1.4% when compared to May 2022 results. May monthly revenue dropped 4.5% compared to April revenue. Through May 31, the 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 May 2022:
- Hollywood Casino at Greektown, up 7.4% to $23.3 million
- MGM, down 1.4% to $49.3 million
- MotorCity, down 7.1% to $32.1 million
During May, the three Detroit casinos paid $8.5 million in taxes to the State of Michigan. They paid $8.6 million for the same month last year.
The casinos reported submitting $12.5 million in wagering taxes and development agreement payments to the City of Detroit in May.
Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $16,936,055 in total retail sports betting handle, and total gross receipts were $921,268.
Retail sports betting qualified adjusted gross receipts (QAGR) were up by $773,382 compared to April 2023. May QAGR fell by 62.6% compared to the same month last year.
May QAGR by casino was:
- MGM, $470,510
- MotorCity, $395,677
- Hollywood Casino at Greektown, $27,545
During May, the casinos paid $33,783 in taxes to the state and reported submitting $41,290 in taxes to the City of Detroit based on retail sports betting revenue.
Fantasy Contests
For May, fantasy contest operators reported total adjusted revenues of $2.1 million and paid taxes of $175,204.
From January 1 through April 30, fantasy contest operators reported $8.9 million in aggregate fantasy contest adjusted revenues and paid $747,830 in taxes.
Detroit casinos
Detroit Casinos Report $109.44M in April Revenue
The three Detroit casinos reported $109.44 million in monthly aggregate revenue (AGR) for the month of April 2024, of which $107.87 million was generated from table games and slots, and $1.57 million from retail sports betting.
The April 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 April 2024 decreased 1.6% when compared to the same month last year. April’s monthly revenue was 11.8% lower when compared to the previous month, March 2024. From Jan. 1 through April 30, the Detroit casinos’ table games and slots revenue decreased by 1.6% compared to the same period last year.
The casinos’ monthly gaming revenue results were mixed compared to April of last year:
- MGM, down 0.7% to $49.86 million
- MotorCity, down 4.5% to $32.68 million
- Hollywood Casino at Greektown, up 0.6% to $25.33 million
In April 2024, the three Detroit casinos paid $8.74 million in gaming taxes to the State of Michigan. They paid $8.88 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 April.
Monthly Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $15.28 million in total retail sports betting handle, and total gross receipts were $1.57 million for the month of April. Retail sports betting qualified adjusted gross receipts (QAGR) were up by $1.5 million in April when compared to the same month last year. Compared to March 2024, April QAGR was down by 1.7%.
April QAGR by casino was:
- MGM: $475,492
- MotorCity: $516,812
- Hollywood Casino at Greektown: $578,131
During April, the casinos paid $59,362 in gaming taxes to the state and reported submitting $72,554 in wagering taxes to the City of Detroit based on their retail sports betting revenue.
Fantasy Contests
For March 2024, fantasy contest operators reported total adjusted revenues of $494,162 and paid taxes of $41,510.
Detroit casinos
Detroit Casinos Report $123.86M in March Revenue
The three Detroit casinos reported $123.86 million in monthly aggregate revenue (AGR) for the month of March 2024, of which $122.26 million was generated from table games and slots, and $1.6 million from retail sports betting.
The March market shares were:
- MGM, 46%
- MotorCity, 31%
- Hollywood Casino at Greektown, 23%
Monthly Table Games, Slot Revenue, and Taxes
March 2024 table games and slot revenue increased 3.8% when compared to March 2023 revenue. March’s monthly revenue was 16.7% higher than February 2024. From Jan. 1 through March 31, the Detroit casinos’ table games and slots revenue decreased by 1.6% compared to the same period last year.
The casinos’ monthly gaming revenue results were mixed compared to March 2023:
- MGM, up 4.1% to $56.65 million
- MotorCity, up 7.2% to $38.35 million
- Hollywood Casino at Greektown, down 1.4% to $27.26 million
In March 2024, the three Detroit casinos paid $9.9 million in gaming taxes to the State of Michigan. They paid $9.5 million for the same month last year. The casinos also reported submitting $14.5 million in wagering taxes and development agreement payments to the City of Detroit in March.
Monthly Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $17.25 million in total retail sports betting handle, and total gross receipts were $1.61 million for the month of March. Retail sports betting qualified adjusted gross receipts (QAGR) in March were up by 13.2% when compared to the same month last year. Compared to February 2024, March QAGR was up by $1.7 million.
March QAGR by casino was:
- MGM: $327,857
- MotorCity: $538,988
- Hollywood Casino at Greektown: $731,389
During March, the casinos paid $60,413 in gaming taxes to the state and reported submitting $73,838 in wagering taxes to the City of Detroit based on their retail sports betting revenue.
Fantasy Contests
For February 2024, fantasy contest operators reported total adjusted revenues of $405,342 and paid taxes of $34,049.
Detroit casinos
Detroit Casinos Report $104.63M in February Revenue
The three Detroit casinos reported $104.63 million in monthly aggregate revenue (AGR) for the month of February 2024, of which $104.76 million was generated from table games and slots, and negative ($124,853) from retail sports betting.
The February market shares were:
MGM, 47%
MotorCity, 30%
Hollywood Casino at Greektown, 23%
Monthly Table Games, Slot Revenue, and Taxes
February 2024 table games and slot revenue decreased 0.2% when compared to February 2023 revenue. February’s monthly revenue was 11.6% higher than January 2024. From Jan. 1 through Feb. 29, the Detroit casinos’ table games and slots revenue decreased by 4.7% compared to the same period last year.
The casinos’ monthly gaming revenue results were mixed compared to February 2023:
MGM, down 1.6% to $49.29 million
MotorCity, up 1.3% to $31.64 million
Hollywood Casino at Greektown, up 0.6% to $23.83 million
In February 2024, the three Detroit casinos paid $8.49 million in gaming taxes to the State of Michigan. They paid $8.51 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 February.
Monthly Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $13.2 million in total retail sports betting handle, and total gross receipts were negative ($120,142) for the month of February. Retail sports betting qualified adjusted gross receipts (QAGR) in February were down by $583,605 when compared to the same month last year. Compared to January 2024, February QAGR was down by $625,073.
February QAGR by casino was:
MGM: negative ($121,207)
MotorCity: negative ($133,311)
Hollywood Casino at Greektown: $129,665
During February, the casinos paid $4901 in gaming taxes to the state, compared to $17,341 for the same period last year, and reported submitting $5991 in wagering taxes to the City of Detroit based on their retail sports betting revenue.
Fantasy Contests
For January 2024, fantasy contest operators reported total adjusted revenues of $1.1 million and paid taxes of $92,552.
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