Connect with us
Prague Gaming & TECH Summit 2025

Detroit casinos

MGCB: Detroit casinos report $116.2M in December revenue, $1.237B for year

Published

on

mgcb:-detroit-casinos-report-$1162m-in-december-revenue,-$1.237b-for-year

 

The three Detroit casinos reported $116.2 million in monthly aggregate revenue (AGR) for the month of December 2023, of which $111.4 million was generated from table games and slots, and $4.8 million from retail sports betting.

The December market shares were:

  • MGM, 44%
  • MotorCity, 32%
  • Hollywood Casino at Greektown, 24%

Monthly Table Games, Slot Revenue, and Taxes
December 2023 table games and slot revenue increased 2.9% when compared to December 2022 revenue. December’s monthly revenue was also 46.6% higher than November 2023. From Jan. 1 through Dec. 31, the Detroit casinos’ table games and slots revenue decreased by 2.7% compared to the same period last year.

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

  • MGM, down 0.7% to $50.6 million
  • MotorCity, up by 5.1% to $34.7 million
  • Hollywood Casino at Greektown, up by 7.5% to $26.1 million

In December 2023, the three Detroit casinos paid $9.0 million in gaming taxes to the State of Michigan. They paid $8.8 million for the same month last year. The casinos also reported submitting $13.8 million in wagering taxes and development agreement payments to the City of Detroit in December.

Quarterly Table Games, Slot Revenue, and Taxes
For the fourth quarter of 2023 that ended Dec. 31, aggregate revenue was down for all three Detroit casinos by 12.9% compared to the same period last year. Quarterly gaming revenue for the casinos was:

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
  • MGM: $118.6 million
  • MotorCity: $84.4 million
  • Hollywood Casino at Greektown: $66.2 million

Compared to the fourth quarter of 2022, MGM, MotorCity, and Hollywood Casino at Greektown were down by 17.7%, 11.6%, and 4.7%, respectively. The three casinos paid $21.8 million in gaming taxes to the state in the fourth quarter of 2023, compared to $25.0 million in the same quarter last year.

Monthly Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $30.4 million in total retail sports betting handle, and total gross receipts were $4.8 million for the month of December. Retail sports betting qualified adjusted gross receipts (QAGR) in December 2023 were up by $3.1 million when compared to December 2022. Compared to November 2023, December QAGR increased 54.9%.

December QAGR by casino was:

  • MGM: $291,171
  • MotorCity: $2.3 million
  • Hollywood Casino at Greektown: $2.2 million

During December, the casinos paid $180,822 in gaming taxes to the state and reported submitting $221,005 in wagering taxes to the City of Detroit based on their retail sports betting revenue.

Annual Revenue for Table Games, Slots, and Retail Sports Betting
The total yearly aggregate revenue of $1.237 billion — a slight decrease of 3.1% compared to last year — by the three Detroit casinos for slots, table games, and retail sports betting was generated by:

  • Slots: $984.1 million (80%)
  • Table games: $238.7 million (19%)
  • Retail sports betting: $14.0 million (1%)

The casinos’ market shares for the year were:

  • MGM, 46%
  • MotorCity, 31%
  • Hollywood Casino at Greektown, 23%

Compared to 2022, slots and table games yearly gaming revenue for the three casinos were as follows:

  • MGM, down by 6.0% to $564.0 million
  • MotorCity, down by 5.8% to $373.6 million
  • Hollywood Casino at Greektown, up by 9.5% to $285.2 million

Aggregate retail sports betting qualified adjusted gross receipts (QAGR) for 2023 was down by 25.7% to $14.0 million compared to last year, with MGM totaling $2.3 million, MotorCity totaling $5.0 million, and Hollywood Casino at Greektown totaling $6.7 million.

In 2023, the three Detroit casinos paid the state $99.0 million in wagering taxes for slots and table games, and $528,314 in wagering taxes for retail sports betting. In 2022, they had paid $101.8 million and $711,087 for each, respectively.

Fantasy Contests
For November, fantasy contest operators reported total adjusted revenues of $1.8 million and paid taxes of $149,915.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

From Jan. 1 through Nov. 30, fantasy contest operators reported $21.3 million in aggregate fantasy contest adjusted revenues and paid $1.8 million in taxes.

Detroit casinos

Detroit Casinos Report $98.8M in February Revenue

Published

on

detroit-casinos-report-$98.8m-in-february-revenue

 

The three Detroit casinos reported $98.8 million in monthly aggregate revenue (AGR) for the month of February 2025. Table games and slots generated $98.0 million in revenue and retail sports betting generated $815,561.

The February market shares were:

• MGM, 47%

• MotorCity, 29%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

• Hollywood Casino at Greektown, 24%

Monthly Table Games, Slot Revenue, and Taxes

The three Detroit casinos’ revenue for table games and slots for the month of February 2025 decreased 6.4% when compared to the same month last year. February’s monthly revenue was 4.2% lower when compared to the previous month, January 2025. From Jan. 1 through Feb. 28, the Detroit casinos’ table games and slots revenue increased by 0.8% compared to the same period last year.

The casinos’ monthly gaming revenue results all decreased compared to February 2024:

• MGM, down 5.9% to $46.4 million

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

• MotorCity, down 10.1% to $28.4 million

• Hollywood Casino at Greektown, down 2.7% to $23.2 million

In February 2025, the three Detroit casinos paid $7.9 million in state gaming taxes. They paid $8.5 million for the same month last year. The casinos also reported submitting $11.7 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 $8.2 million in total retail sports betting handle, and total gross receipts totaled $820,450 for the month of February. Retail sports betting qualified adjusted gross receipts (QAGR) were up by $940,414 in February when compared to February 2024, and down by $1.7 million when compared to January 2025.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

February QAGR by casino was:

• MGM: $202,085

• MotorCity: $566,313

• Hollywood Casino at Greektown: $47,163

During February, the casinos paid $30,828 in gaming taxes to the state and reported submitting $37,679 in wagering taxes to the City of Detroit based on their retail sports betting revenue.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Fantasy Contests

For January 2025, fantasy contest operators reported total adjusted revenues of $1.3 million and paid taxes of $109,531.

The post Detroit Casinos Report $98.8M in February Revenue appeared first on Gaming and Gambling Industry in the Americas.

Continue Reading

Detroit casinos

Sports Betting and iGaming Operators in Michigan Report January 2025 Revenue

Published

on

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

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

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:

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

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

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

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.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Detroit casinos

Detroit casinos report $108.35M in November revenue

Published

on

detroit-casinos-report-$108.35m-in-november-revenue

 

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.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

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.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania