Casinos in Detroit Report Total Monthly Revenue of $101.8 million for November
In November, the three Detroit casinos recorded monthly total revenue of $101.8 million. Retail sports betting brought in $1.9 million, while table games and slots brought in $99.9 million.
- MGM had a 47% market share, being the market leader;
- MotorCity had a 30% share, making it second;
- Hollywood Casino at Greektown took third place with a 23% share.
Slot machine and table game revenue decreased by 3.8% from November 2021 totals. Additionally, compared to October’s results, sales fell by 0.8%. In the first eleven months of this year, the table game and slot machine revenue at the three casinos decreased by a mere 0.6% when compared to the same time last year.
Hollywood Casino in Greektown’s MOM gaming revenue went up by 2.9% to $23.2 million from November 2021. MGM’s monthly gaming income went down by 3.3% to $46.7 million while MotorCity Casino’s revenue decreased by 9.1% to $30 million.
In comparison to the $8.4 million paid in November of 2021, the three Detroit casinos paid the State of Michigan $8.1 million in gaming taxes throughout the same month.
The City of Detroit received payments under development agreements with the three Detroit casinos totaling $12.4 million in November.
Retail sportsbooks qualified adjusted gross revenues (QAGR) for November decreased by 11.1% from October receipts and by 57% when compared to November 2021 statistics. The overall handle was $18,136,969, and the total gross proceeds were $1.9 million.
Operators of fantasy competitions reported $1.8 million in total adjusted revenues for the month of October and paid $149,075 in taxes.