Key points:
- Table game and slot revenue rose significantly year-over-year
- MGM reported the largest share percentage
The Michigan Gaming Control Board has released its November revenue results for the state’s three Detroit casinos. During the month, all three locations reported close to $108.4m in combined revenue.
Table games and slot revenue from the city’s three casinos accounted for almost $106.4m of the total for the month. Retail sports betting generated the remaining $1.9m.
Revenue from table games and slots last month rose by 40.1% when compared to results posted one year ago.
As in previous months, MGM held the top spot in November, accounting for 46% of July’s market shares. MotorCity and Hollywood Casino at Greektown followed close behind, with 31% and 23% respectively.
All three casinos reported an increase in November revenue year-over-year. MGM’s total revenue reached nearly $49.2m last month.
MotorCity revenue climbed to $33m during November, while Hollywood Casino at Greektown posted almost $24.2m in revenue.
Detroit’s casinos paid the state $8.6m in gaming taxes during the month and contributed an additional $13.2m in wagering taxes and development agreement payments to the city.
Concerning retail sports betting, the city’s three casinos brought in a total handle of almost $21m during November, with gross receipts reaching $1.9m.
Qualified adjusted gross receipts (QAGR) for the month fell by more than $1.2m year-over-year. However, QAGR results when compared to October rose by $2.7m.
Hollywood Casino at Greektown grabbed the top spot for sports betting activity for the month, reporting a QAGR of nearly $0.9m.
