Detroit casino revenue reaches $116.2m for December

January 10, 2024
Leer en Español

Revenue for the year surpassed the $1bn mark.

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.


Product Spotlight

Bragg Gaming Group

Bragg Gaming Group is a global content-driven iGaming technology provider, serving online and land-based gaming operators with its proprietary and exclusive content and cutting-edge technology.

John Connelly - Interblock preparing to launch online by the end of year

John Connelly, the Global CEO of Interblock, joins the Huddle to talk about:
- The company's conversion to the online space
- The performance of ETGs
- Interblock's new philanthropic efforts
- The trend of companies going private
- And more!

Michael Hershman - Dispelling casino 'myths:' New York needs to lose fear of the unknown

Michael Hershman, CEO of the Soloviev Group, joins Tim Poole on the Huddle to put forward his case that the Freedom Plaza is the way to go for one of New York's casino licences. He fields a variety of questions - not shying away from any of them - on why 'myths' about casinos and a fear of the unknown should be dispelled, as well as acknowledging the strength of rival bids and discussing opposition to the project.

Five years ago, before the mass proliferation of social media we see today – and even before the Covid-19 pandemic – I think you would be hard pressed to find a CEO talking about “Instagrammable moments.” KPIs w...

The Global Gaming Awards: Looking ahead to 2024's ceremonies.
After more than a decade of celebrating gaming's best, Gaming America looks ahead to a bright 2024 for the Global Gaming Awards in the Americas and Asia-Pacific.
From the top: The Indian Gaming Tradeshow & Convention
Tribal gaming is a uniquely American institution and all its uncommon attributes were on display this April at the Indian Gaming Tradeshow & Convention in Anaheim, California.
Review: Terre Haute Casino Resort and Harrah's Hoosier Park Racing & Casino
Terre Haute Casino Resort vs. Harrah's Hoosier Park Racing & Casino, Gaming America's Laura Mack reviews each property.
Eureka Casino interview: CEO Andre Carrier on resort expansion
We spoke with returning guest, CEO Andre Carrier, about Eureka Casino Resort's expansion. He aims to not only change the look and feel of the casino, but to also build residential housing around it.