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US – Detroit casinos generate $101.8m in November

By - 14 December 2022

The three Detroit casinos reported $101.8m in monthly aggregate revenue in November. Table games and slots generated $99.9m in revenue, while retail sports betting produced $1.9m.

Market shares during November were MGM Grand Detroit Casino, 47 per cent, MotorCity Casino, 30 per cent and Hollywood Casino at Greektown, 23 per cent.

Table games and slot revenue declined 3.8 per cent when compared with November 2021 results. Revenue also fell a fractional 0.8 per cent compared with October results. The three casinos’ table games and slots gaming revenue for the first 11 months of the year declined a fractional 0.6% compared with the same period last year.

Compared with November 2021, Hollywood Casino at Greektown saw $23.2m in monthly gaming revenue for a 2.9 per cent gain. Monthly gaming revenue fell both for MGM Grand Detroit Casino, down 3.3 per cent to $46.7m, and MotorCity Casino, down 9.1 per cent to $30m.

During November, the three Detroit casinos paid $8.1m in gaming taxes to the State of Michigan compared with $8.4 million paid during the same period last year.

The three Detroit casinos reported paying $12.4m in wagering taxes and development agreement payments to the City of Detroit during November.

November retail sports betting qualified adjusted gross receipts (QAGR) dropped 57 per cent compared with November 2021 results and declined 11.1 per cent from October receipts. Total gross receipts were $1.9m, and total handle was $18,136,969.

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