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Detroit casinos

Detroit Casinos Report $104.9M in August Revenue

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The three Detroit casinos reported $104.9 million in monthly aggregate revenue for the month of August 2023, of which $104.6 million was generated from table games and slots, and $322,186 from retail sports betting.

The August market shares were:

  • MGM, 47%
  • MotorCity, 30%
  • Hollywood Casino at Greektown, 23%

Table Games and Slot Revenue and Taxes

August table games and slot revenue decreased 2.0% when compared to July 2023 results. August monthly revenue was 0.1% higher than August 2022. From January 1 through August 31, the casinos’ table games and slots revenue increased by 0.8% compared to the same period last year.

The casinos’ monthly gaming revenue results were mixed compared to August 2022:

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  • Hollywood Casino at Greektown, up 11.7% to $24.4 million
  • MGM, down 1.7% to $49.5 million
  • MotorCity, down 5.0% to $30.7 million

During August, the three Detroit casinos paid $8.47 million in taxes to the State of Michigan. They paid $8.46 million for the same month last year.

The casinos reported submitting $16.5 million in wagering taxes and development agreement payments to the City of Detroit in August.

Retail Sports Betting Revenue and Taxes

The three Detroit casinos reported $10.0 million in total retail sports betting handle, and total gross receipts were $327,291.

Retail sports betting qualified adjusted gross receipts (QAGR) were down by 80.6% compared to August 2022. August QAGR was down by 32.5% compared to July 2023.

August QAGR by casino was:

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  • MGM: $85,644
  • MotorCity: $195,955
  • Hollywood Casino at Greektown: $40,587

During August, the casinos paid $12,179 in gaming taxes to the state and reported submitting $14,885 in wagering taxes to the City of Detroit based on retail sports betting revenue.

Fantasy Contests

For July, fantasy contest operators reported total adjusted revenues of $1.2 million and paid taxes of $101,324.

From January 1 through July 31, fantasy contest operators reported $13.4 million in aggregate fantasy contest adjusted revenues and paid $1.1 million in taxes.

Detroit casinos

Detroit Casinos Report $101.98M in September Revenue

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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%

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• 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

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• 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.

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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.

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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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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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