[NEWS RELEASE] Detroit casinos report $79.1M in November revenue

Michigan Gaming Control Board sent this bulletin at 12/12/2023 11:18 AM EST

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Michigan Gaming Control Board

FOR IMMEDIATE RELEASE
Contact: MGCB-Media@michigan.gov

Detroit casinos report $79.1M in November revenue

DETROIT, Dec. 12, 2023 — The three Detroit casinos reported $79.1 million in monthly aggregate revenue (AGR) for the month of November 2023, of which $76 million was generated from table games and slots, and $3.1 million from retail sports betting.

The November market shares were:

  • MGM, 39%
  • MotorCity, 34%
  • Hollywood Casino at Greektown, 27%

Table Games and Slot Revenue and Taxes
November 2023 table games and slot revenue decreased 23.9% when compared to November 2022 results. November monthly revenue was 7% lower than October 2023. From Jan. 1 through Nov. 30, the Detroit casinos’ table games and slots revenue decreased by 3.2% compared to the same period last year.

  • MGM, down 34.4% to $30.6 million
  • MotorCity, down 17.8% to $24.7 million
  • Hollywood Casino at Greektown, down 10.8% to $20.7 million

During November, the three Detroit casinos paid $6.2 million in gaming taxes to the State of Michigan. They paid $8.1 million for the same month last year.

The casinos reported submitting $9.4 million in wagering taxes and development agreement payments to the City of Detroit in November.

Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $15.3 million in total retail sports betting handle, and total gross receipts were $3.1 million for the month of November.

Retail sports betting qualified adjusted gross receipts (QAGR) were up by $1.2 million when compared to November 2022. November QAGR was up by $2.0 million compared to October 2023.

November QAGR by casino was:

  • MGM: $230,847
  • MotorCity: $2.2 million
  • Hollywood Casino at Greektown: $657,535

During November, the casinos paid $116,769 in gaming taxes to the state and reported submitting $142,718 in wagering taxes to the City of Detroit based on retail sports betting revenue.

Fantasy Contests
For October, fantasy contest operators reported total adjusted revenues of $2.7 million and paid taxes of $229,544.

From Jan. 1 through Oct. 31, fantasy contest operators reported $19.5 million in aggregate fantasy contest adjusted revenues and paid $1.6 million in taxes.

Gambling in any form is for entertainment purposes only. If someone has a gambling problem, please call the state's 24-hour, toll-free helpline at 1-800-270-7117 or the MGCB's responsible gaming section at 1-888-223-3044. Visit the Responsible Gaming page of the MGCB website for information on self-exclusion programs including the Disassociated Persons List and the Internet Gaming and Sports Betting Responsible Gaming Database, and DontRegretTheBet.org for additional tools to game responsibly.

The Michigan Gaming Control Board shall ensure the conduct of fair and honest gaming to protect the interests of the citizens of the state of Michigan. Learn more at Michigan.gov/MGCB.

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