Detroit casino revenue reaches $116.2m for December

The Michigan Gaming Control Board has released its December results for the state’s three Detroit casinos. During December, all three venues reported a combined revenue total of $116.2m.

Table games and slot revenue from the city’s three casinos accounted for $111.4m of the total for the month. The remaining $4.8m in revenue came from retail sports betting.

The report reflected a boost in activity year-over-year. December tables games and slot revenue grew in December by 2.6% when compared to results from December 2022. Revenue during the month rose by 46.6% from November’s results.

MGM remained the leader, with 44% of December’s market share. MotorCity and Hollywood Casino at Greektown followed close behind, with 32% and 24% respectively.

However, MGM was the only Detroit casino to report a decline in revenue for the month.

MGM’s December revenue fell by 0.7%, while MotorCity and Hollywood Casino at Greektown reported increases of 5.1% and 7.5% respectively.

Detroit’s casinos paid the state $9m in gaming taxes during December and contributed an additional $13.8m in wagering taxes and development agreement payments to the city.

Concerning retail sports betting, the city’s three casinos brought in total handle of $30.4m during December, with $4.8m in total gross receipts.

Qualified adjusted gross receipts (QAGR) for the month rose by $3.1m year-over-year.

MotorCity grabbed the top spot for sports betting activity for the month, reporting a QAGR of $2.3m.

The board also published its annual revenue results for 2023. While totals grew from November to December, yearly revenue reflected a slight decline of 3.1% when compared to figures from 2022. Total yearly aggregate revenue during 2023 reached nearly $1.24bn.

Slots contributed $984.1m to the year’s overall revenue, while table games and retail sports betting chipped in another $238.7m and $14m respectively.

Carlos Mendez

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Odds tell a story long before the result does. When bettors learn to read that story properly, betting becomes a matter of discipline and value rather than emotion or guesswork.

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