Casinos report $108.35M in November revenue in Detroit

The November market shares were:

• MGM, 46%
• MotorCity, 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 2023¾ causing 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 (QAGR) 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.