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Detroit casinos

Detroit Casinos Report $104.63M in February Revenue

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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%

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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

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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.

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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.

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Fantasy Contests

For January 2024, fantasy contest operators reported total adjusted revenues of $1.1 million and paid taxes of $92,552.

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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Detroit casinos

Detroit Casinos Report $109.44M in April Revenue

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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:

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  • 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.

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Detroit casinos

Detroit Casinos Report $123.86M in March Revenue

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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:

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  • 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.

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