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Detroit casinos report $108.35 million in November revenue10 December 2024(PRESS RELEASE) -- The three Detroit casinos reported $108.35 million in monthly aggregate revenue 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 Grand Detroit Casino, 46% - MotorCity Casino, 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 were down by $1.2 million in November when compared to November 2023, and up by $2.7 million when compared to October 2024. 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. |