It's shaping up to be another good year for Detroit's casino scene. According to a recent report by The Michigan Gaming Control Board, the city's trio of gambling destinations – MGM Grand Detroit, MotorCity Casino, and Hollywood Casino at Greektown – collectively raked in $108.2 million in revenue this past November. The lion's share of these earnings came from table games and slot machines, which brought in a hefty $106.5 million.
The revenue breakdown for the three casinos tells an interesting story. MGM Grand Detroit continues to lead the pack with a 47% market share and reported revenues of $50.7 million, marking a 3.0% increase from the year prior. MotorCity Casino, meanwhile, experienced a decline, with revenues down by 5.0% at $31.4 million. Hollywood Casino at Greektown showed modest growth with a 1.0% bump, totaling $24.4 million.
Sports betting, while not the main moneymaker, still contributed with a total gross of $1.7 million from a handle of $14.4 million. However, November's qualified adjusted gross receipts (QAGR) from retail sports betting at all three establishments saw a decrease of 10.8% compared to the same month last year. Individual casino QAGR figures were relatively close, comprising $587,294 at MGM Grand Detroit, $565,718 at MotorCity Casino, and $554,751 at Hollywood Casino at Greektown.
State and local contributions from these enterprises remain a vital component of the revenue picture. The three casinos have poured $8.63 million into state gaming taxes, and another $13.2 million went into the City of Detroit's coffers through wagering taxes and development agreement payments. Retail sports betting yielded an additional $64,553 in state taxes and $78,899 in city wagering taxes. Meanwhile, over in the realm of fantasy, contest operators kept the virtual games profitable, dishing out $77,401 in taxes from $921,446 in adjusted revenues for October, as reported by the board.
