Gaming

Detroit casinos report $105.44M in June revenue

Wednesday 10 de July 2024 / 12:00

⏱ 2 min read

(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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