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FOR IMMEDIATE RELEASE
Contact: [email protected]

Detroit casinos report $123.86M in March revenue

DETROIT, April 9, 2024 ? The three Detroit casinos reported $123.86 million in monthly aggregate revenue (AGR) for the month of March 2024, of which $122.26 million was generated from table games and slots, and $1.6 million from retail sports betting.

The March market shares were:

• MGM, 46%
• MotorCity, 31%
• Hollywood Casino at Greektown, 23%

Monthly Table Games, Slot Revenue, and Taxes
March 2024 table games and slot revenue increased 3.8% when compared to March 2023 revenue. March?s monthly revenue was 16.7% higher than February 2024. From Jan. 1 through March 31, the Detroit casinos? table games and slots revenue decreased by 1.6% compared to the same period last year.

The casinos? monthly gaming revenue results were mixed compared to March 2023:

• MGM, up 4.1% to $56.65 million
• MotorCity, up 7.2% to $38.35 million
• Hollywood Casino at Greektown, down 1.4% to $27.26 million

In March 2024, the three Detroit casinos paid $9.9 million in gaming taxes to the State of Michigan. They paid $9.5 million for the same month last year. The casinos also reported submitting $14.5 million in wagering taxes and development agreement payments to the City of Detroit in March.

Monthly Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $17.25 million in total retail sports betting handle, and total gross receipts were $1.61 million for the month of March. Retail sports betting qualified adjusted gross receipts (QAGR) in March were up by 13.2% when compared to the same month last year. Compared to February 2024, March QAGR was up by $1.7 million.

March QAGR by casino was:

• MGM: $327,857
• MotorCity: $538,988
• Hollywood Casino at Greektown: $731,389

During March, the casinos paid $60,413 in gaming taxes to the state and reported submitting $73,838 in wagering taxes to the City of Detroit based on their retail sports betting revenue.

Fantasy Contests
For February 2024, fantasy contest operators reported total adjusted revenues of $405,342 and paid taxes of $34,049.

Gambling in any form is for entertainment purposes only. If you or someone you know may have a gambling problem, contact the National Problem Gambling Helpline, which offers hope and help without stigma or shame. Call 1-800-GAMBLER, text 800GAM, or visit www.1800gamblerchat.org. Help is available 24/7 and is free and confidential. Michigan citizens can also visit the Responsible Gaming page of the MGCB website for information on self-exclusion programs including the Disassociated Persons List and the Internet Gaming and Sports Betting Responsible Gaming Database, and DontRegretTheBet.org for additional tools to game responsibly.

The Michigan Gaming Control Board shall ensure the conduct of fair and honest gaming to protect the interests of the citizens of the state of Michigan. Learn more at Michigan.gov/MGCB.

?

• Detroit_Casino_Revenue-March_2024.xls
• Fantasy_Contests-February_2024.xlsx
• 2024.04.09-PR-Detroit_Casinos_March_Revenue.pdf
• Detroit_Casino_RSB-March_2024.xls

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