Detroit Casinos Experience Revenue Surge, Garnering $108.35M in

Source: Ralf Roletschek, CC BY-SA 3.0, via Wikimedia Commons

Detroit's casino scene is on a roll, according to the latest Michigan Gaming Control Board figures. The three casinos in the city reported a significant bump in revenue for November, with a combined total of $108.35 million. Slots and table games were the front-runners, generating $106.44 million, while retail sports betting added $1.91 million to the pot.

The breakdown of market shares showed that MGM was leading at 46%, followed by MotorCity at 31%, and Hollywood Casino at Greektown at 23%. This performance marked a noticeable uptick from the previous year, partly owing to a strike by casino workers in October 2023 that carried into November, heavily impacting last year's revenues. November's numbers not only outshine the prior year's by 40.1% but also edged out October 2024 by 2.7%, according to data published by the Michigan Gaming Control Board.

Each of the city's casinos reported revenue jumps in comparison to November 2023, with MGM seeing a 60.6% rise to $49.21 million, MotorCity up by 34.0% to $33.06 million, and Hollywood Casino at Greektown rising 16.8% to $24.17 million. They've also been a boon for state and city coffers: in November alone, the casinos paid out $8.6 million in gaming taxes to the State of Michigan, up from $6.2 million last year. Similarly, wagering taxes and development agreement payments to the City of Detroit hit $13.2 million in November.

Despite being a minor contributor, retail sports betting still commanded considerable attention with a $20.99 million handle for the month. However, compared to table games and slots, gross receipts for retail sports betting reflected a slight dip year-over-year, down by $1.2 million from November 2023 yet significantly up by $2.7 million from October this year. MGM's QAGR stood at $457,409, MotorCity's at $571,059, and Hollywood Casino at Greektown led the pack with $886,249. The report concluded that the casinos paid the state $72,376 in gaming taxes in response to these figures.

For those who fancy a different kind of wagering, October's data showed that fantasy contest operators declared total adjusted revenues of $991,881, with $83,318 going to the state in taxes. Anyone seeking help for gambling issues can contact the National Problem Gambling Helpline at 1-800-GAMBLER or visit related responsible gaming resources.