December Revenues for Detroit Casinos Amounted to $116.2 Million, $1.237 Billion for Year
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For December 2023, the three commercial casinos in Detroit recorded a monthly aggregate revenue (AGR) of $116.2 million, of which $111.4 million came from table games and slots and $4.8 million from retail sports betting.
The market shares for December were:
- MGM – 44%;
- MotorCity – 32%;
- Hollywood Casino at Greektown – 24%.
Revenue from table games and slots in December 2023 is up 2.9% over December 2022. Additionally, December’s monthly income was 46.6% higher than November 2023. The revenue from table games and slots in the Detroit casinos fell by 2.7% from January 1 to December 31 of last year.
In comparison to December 2022, the casinos’ monthly gaming revenue figures were inconsistent:
- MGM is down to $50.6 million, a 0.7% decline;
- MotorCity was up to $34.7 million, a 5.1% increase;
- Hollywood Casino in Greektown was up to $26.1 million, a 7.5% increase.
The three casinos in Detroit gave the State of Michigan $9.0 million in gaming taxes in December 2023. For the same month in 2022, they paid out $8.8 million. The casinos also claimed they paid the City of Detroit $13.8 million in wagering taxes and development agreement payments in December.
All three of the Detroit casinos had a 12.9% decrease in total income for the fourth quarter of 2023, which concluded on December 31, compared to the same time in 2022. The casinos’ quarterly gaming income was:
- MGM: $118.6 million;
- Motor City: $84.4 million;
- Hollywood Casino at Greektown: $66.2 million.
