 Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter! Related Links
Related News
|
Gaming News
Detroit casinos report $101.6 million in September 2023 revenue27 October 2023(PRESS RELEASE) -- The three Detroit casinos reported $101.6 million in monthly aggregate revenue for the month of September 2023, of which $100 million was generated from table games and slots, and $1.6 million from retail sports betting. The September market shares were: - MGM Grand Detroit Casino, 44% - MotorCity Casino, 31% - Hollywood Casino at Greektown, 25% Table Games and Slot Revenue and Taxes September 2023 table games and slot revenue decreased 0.8% when compared to September 2022 results. September monthly revenue was 4.4% lower than August 2023. From 1 January through 30 September, the Detroit casinos’ table games and slots revenue increased by 0.6% compared to the same period last year. The casinos’ monthly gaming revenue results were mixed compared to September 2022: - Hollywood Casino at Greektown, up 15.1% to $24.3 million - MGM, down 7.6% to $44.7 million - MotorCity, down 1.1% to $31 million During September, the three Detroit casinos paid $8.1 million in gaming taxes to the State of Michigan. They paid $8.2 million for the same month last year. The casinos reported submitting $12.3 million in wagering taxes and development agreement payments to the City of Detroit in September. Retail Sports Betting Revenue and Taxes The three Detroit casinos reported $18.1 million in total retail sports betting handle, and total gross receipts were $1.6 million. Retail sports betting qualified adjusted gross receipts were down by 39.4% compared to September 2022. September QAGR was up by $1.3 million compared to August 2023. September QAGR by casino was: - MGM: $43,528 - MotorCity: $875,616 - Hollywood Casino at Greektown: $655,816 During September, the casinos paid $59,533 in gaming taxes to the state and reported submitting $72,763 in wagering taxes to the City of Detroit based on retail sports betting revenue. Fantasy Contests For August, fantasy contest operators reported total adjusted revenues of $1.3 million and paid taxes of $110,903. From 1 January through 31 August, fantasy contest operators reported $14.7 million in aggregate fantasy contest adjusted revenues and paid $1.2 million in taxes. |