Detroit casinos make $108.4m in November revenue

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.

Laura Mack

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