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Gaming

Detroit casinos report $105.44M in June revenue

Wednesday 10 de July 2024 / 12:00

2 minutos de lectura

(Detroit).- The three Detroit casinos reported $105.44 million in monthly aggregate revenue (AGR) for the month of June 2024, of which $104.55 million was generated from table games and slots, and $889,014 from retail sports betting. 

Detroit casinos report $105.44M in June revenue

The June market shares were: 

  • MGM, 46%
  • MotorCity, 30%
  • Hollywood Casino at Greektown, 24% 

Monthly Table Games, Slot Revenue, and Taxes 
The casinos’ revenue for table games and slots for the month of June 2024 increased 2.6% when compared to the same month last year. June's monthly revenue was 6.1% lower when compared to the previous month, May 2024. From Jan. 1 through June 30, the Detroit casinos’ table games and slots revenue increased by 0.4% compared to the same period last year. 

The casinos’ monthly gaming revenue results were mixed compared to June of last year: 

  • MGM, up 3.6% to $48.71 million
  • MotorCity, down 3.1% to $31.47 million
  • Hollywood Casino at Greektown, up 9.0% to $24.37 million 

In June 2024, the three Detroit casinos paid $8.5 million in gaming taxes to the State of Michigan. They paid $8.3 million for the same month last year. The casinos also reported submitting $12.4 million in wagering taxes and development agreement payments to the City of Detroit in June.  

Monthly Retail Sports Betting Revenue and Taxes 
The three Detroit casinos reported $8.4 million in total retail sports betting handle, and total gross receipts were $894,867 for the month of June. Retail sports betting qualified adjusted gross receipts (QAGR) were down by 52.2% in June when compared to the previous month, May 2024.  

June QAGR by casino was: 

  • MGM: $154,265
  • MotorCity: $460,693
  • Hollywood Casino at Greektown: $274,056 

During June, the casinos paid $33,605 in gaming taxes to the state and reported submitting $41,072 in wagering taxes to the City of Detroit based on their retail sports betting revenue.  

Fantasy Contests 
For May 2024, fantasy contest operators reported total adjusted revenues of $806,636 and paid taxes of $67,757.

Categoría:Gaming

Tags: Sin tags

País: United States

Región: North America

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