The three Detroit casinos report $117,4M in March revenue
Wednesday 09 de April 2025 / 12:00
2 minutos de lectura
(Detroit).- The three Detroit casinos collectively reported $117.4 million in revenue for March 2025. Of this total, table games and slot machines generated $116.8 million, while retail sports betting contributed $571,21
Market Share Breakdown for March 2025:
- MGM Grand Detroit: 46%
- MotorCity Casino: 31%
- Hollywood Casino at Greektown: 23%
Table Games, Slot Revenue, and Taxes
Revenue from table games and slots at the three Detroit casinos decreased 4.5% in March 2025 when compared to the same month last year. However, March's revenue showed a 19.2% increase compared to February 2025. For the first quarter of 2025 (January 1 through March 31), table games and slots revenue decreased by 1.2% compared to the same period in 2024.
In comparison to March 2024, the revenue for each casino was as follows:
- MGM Grand Detroit: Down 5.1%, totaling $53.8 million
- MotorCity Casino: Down 6.4%, totaling $35.9 million
- Hollywood Casino at Greektown: Down 0.6%, totaling $27.1 million
In March 2025, the three casinos paid a total of $9.5 million in state gaming taxes, compared to $9.9 million in the same month last year. Additionally, the casinos submitted $13.9 million in wagering taxes and development agreement payments to the City of Detroit in March.
Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported a total retail sports betting handle of $12.1 million in March 2025, with total gross receipts amounting to $580,011. Retail sports betting’s qualified adjusted gross receipts (QAGR) saw a significant decrease, down 64.3% compared to March 2024 and 30.0% compared to February 2025.
QAGR by casino for March 2025 was as follows:
- MGM Grand Detroit: $364,736
- MotorCity Casino: $138,458
- Hollywood Casino at Greektown: $68,022
In March, the casinos paid $21,592 in state gaming taxes and reported submitting $26,390 in wagering taxes to the City of Detroit based on retail sports betting revenue.
Fantasy Contests
For February 2025, fantasy contest operators reported total adjusted revenues of $579,297 and paid $48,661 in taxes.
Categoría:Reports
Tags: Sin tags
País: United States
Región: North America
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