Detroit casinos record $114 million in revenue for May
Friday 13 de June 2025 / 12:00
2 minutos de lectura
(Detroit).- The three local casinos reported a combined revenue of $114 million for May 2025, with table games and slot machines accounting for $112.7 million, while retail sports betting brought in $1.3 million.
The three Detroit casinos collectively reported $114.0 million in revenue for May 2025. Of this total, table games and slot machines generated $112.7 million, while retail sports betting contributed $1.3 million.
Market Share Breakdown for May 2025:
- MGM Grand Detroit: 47%
- MotorCity Casino: 30%
- Hollywood Casino at Greektown: 23%
Table Games, Slot Revenue, and Taxes
Revenue from table games and slots at the three Detroit casinos increased 1.2% in May 2025 when compared to the same month last year. May’s revenue also showed a 3.0% increase compared to April 2025. From January 1 through May 31 of this year, table games and slots revenue decreased by 0.2% compared to the same period in 2024.
In comparison to May 2024, the revenue for each casino was as follows:
- MGM Grand Detroit: Up 2.4%, totaling $53.1 million
- MotorCity Casino: Up 0.6%, totaling $33.9 million
- Hollywood Casino at Greektown: Down 0.2%, totaling $25.7 million
In May 2025, the three casinos paid a total of $9.1 million in state gaming taxes, compared to $9.0 million in the same month last year. Additionally, the casinos submitted $13.4 million in wagering taxes and development agreement payments to the City of Detroit in May.
Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported a total retail sports betting handle of $9.2 million in May 2025, with total gross receipts amounting to $1.3 million. Retail sports betting’s qualified adjusted gross receipts (QAGR) decreased by 31.1% compared to May 2024 but showed an increase of $964,701 over April 2025.
QAGR by casino for May 2025 was as follows:
- MGM Grand Detroit: $72,060
- MotorCity Casino: $684,821
- Hollywood Casino at Greektown: $524,358
In May, the casinos paid $48,431 in state gaming taxes and reported submitting $59,193 in wagering taxes to the City of Detroit based on retail sports betting revenue.
Fantasy Contests
For April 2025, fantasy contest operators reported total adjusted revenues of $722,655 and paid $60,703 in taxes.
Categoría:Reports
Tags: Sin tags
País: United States
Región: North America
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