Casinos: Detroit report $98,8M in February revenue
Wednesday 12 de March 2025 / 12:00
2 minutos de lectura
(Detroit).— 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%
- 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
- 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.
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.
Fantasy Contests
For January 2025, fantasy contest operators reported total adjusted revenues of $1.3 million and paid taxes of $109,531.
Categoría:Casino
Tags: Sin tags
País: United States
Región: North America
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