Detroit Casinos Generate $116.2M in December

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Detroit’s three retail casino locations continually rank as the highest revenue-producing casinos in the state. During the month of December, the three casinos reported generating a monthly aggregate revenue (AGR) of $116.2 million for December. According to a post on the Michigan Gaming Control Board’s official website, 95.9% of the revenue, or $111.4 million, was generated by table games and slot machines. The remaining $4.8 million was raked in through their retail sports betting outlets.

Market Share

MGM Grand continued their dominance last month and was responsible for 44% of revenue. MotorCity was second with 32%, and Hollywood Casino at Greektown had a market share of 24%.

MOM and YOY Comparison

December’s revenue numbers at the three Detroit casinos were 46.6% higher than November’s. Year-over-year gambling revenue as a whole was up 2.7% compared with December 2022.

MGM was down 0.7% from December 2022 to $50.6 million in December 2023. MotorCity was up 5.1% year-over-year with $34.7 million, and Hollywood Casino at Greektown was up 7.5% to $26.1 million.

During the month of December, Detroit’s three retail casinos paid $9.0 million in taxes to the State of Michigan. December 2022’s total revenue was $8.8 million. The City of Detroit also received $13.8 million in wagering taxes and payments during December 2023.

Quarterly Figures

The MGCB also released numbers for the whole 4th quarter of 2023, and the strikes certainly made an impact. For the three Detroit retail casinos, Q4 of 2023 was down 12.9% when compared with Q4 of 2022. 

Q4 2023 Figure:

  • MGM: $118.6 million in gaming revenue (down 17.7% YOY)
  • MotorCity: $84.4 million in gaming revenue (down 11.6% YOY)
  • Hollywood Casino at Greektown: $66.2 million in gaming revenue (down 4.7% YOY)

As a whole, tax revenue from Q4 of 2023 reached $21.8 million, down from $25 million last year.

December Retail Sports Betting Revenue and Taxes

Retail sports betting figures are also calculated separately from its online sports betting counterpart. In December 2023, the three casinos reported a total handle of $30.4 million with gross receipts of $4.8 million. From November to December 2023, the qualified adjusted gross receipts (QAGR) were up 54.9% to $3.1 million.

Players at MGM faired pretty well in December, with the brand reporting a QAGR of $291,171 for the month. MotorCity reported a QAGR of $2.3 million. Hollywood Casino at Greektown brought in $2.2 million in December.

In-person sports wagering brought in $180,822 in state taxes and $221,005 in taxes for the City of Detroit during December. 

Total Revenue at Three Casinos

2023 as a whole brought in 3.1% less revenue than 2022 for the three retail casinos in Detroit, resulting in a total yearly aggregate revenue of $1.237 billion. 

Slots games brought in 80% of the revenue, or $984.1 million. Table games generated $238.7 million, or 19% of total revenue. Retail sports betting revenue came in at $14 million for the year or just around 1%.

Market shares for the year were as follows:

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

Taxes for the year

The three casinos generated $99.0 million in wagering taxes from slots and table games. Retail sports betting brought in $528,314 in tax revenue for the state in 2023. These figures were down slightly from 2022, when the casinos generated $101.8 million and $711,087, respectively. 

Mac Daniel is a writer for PlayOnlineCasino and PlayOnlineSportsBetting. He has experience writing about a wide variety of topics, including healthcare, tourism, non-profit organizations, and most recently casino and sportsbetting news. To check out more of his work, visit: playonlinemichigan.com