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*FOR** IMMEDIATE RELEASE
*Contact:
[email protected]
*Detroit casinos report $101.98M in September revenue*
DETROIT, Oct. 8, 2024 — The three Detroit casinos reported $101.98 million in monthly aggregate revenue (AGR) for the month of September 2024, of which $101.23 million was generated from table games and slots, and $755,519 from retail sports betting.
The September market shares were:
* MGM, 47%
* MotorCity, 31%
* Hollywood Casino at Greektown, 22%
*Monthly Table Games, Slot Revenue, and Taxes*
The casinos’ revenue for table games and slots for the month of September 2024 increased 1.2% when compared to the same month last year. September’s monthly revenue was 8.6% lower when compared to the previous month, August 2024. From Jan. 1 through Sept. 30, the Detroit casinos’ table games and slots revenue increased by 1.0% compared to the same period last year.
The casinos’ monthly gaming revenue results were mixed compared to September 2023:
* MGM, up 6.6% to $47.68 million
* MotorCity, up 0.5% to $31.17 million
* Hollywood Casino at Greektown, down 7.8% to $22.38 million
In September 2024, the three Detroit casinos paid $8.2 million in gaming taxes to the State of Michigan. They paid $8.1 million for the same month last year. The casinos also reported submitting $12.5 million in wagering taxes and development agreement payments to the City of Detroit in September.
*Monthly Retail Sports Betting Revenue and Taxes*
The three Detroit casinos reported $22.02 million in total retail sports betting handle, and total gross receipts were $771,751 for the month of September. Retail sports betting qualified adjusted gross receipts (QAGR) were down by 52.0% in September when compared to September 2023, and down by 55.4% when compared to August 2024.
September QAGR by casino was:
* MGM: $601,794
* MotorCity: $11,817
* Hollywood Casino at Greektown: $141,908
During September, the casinos paid $28,559 in gaming taxes to the state and reported submitting $34,905 in wagering taxes to the City of Detroit based on their retail sports betting revenue.
*Fantasy Contests*
For August 2024, fantasy contest operators reported total adjusted revenues of $613,448 and paid taxes of $51,530.
"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 at *1-800-GAMBLER*, text 800GAM, or visit ""www.1800gamblerchat.org" [ [link removed] ]". Help is available 24/7 and is free and confidential. Michigan citizens can also visit the ""Responsible Gaming page of the MGCB website" [ [link removed] ]" for information on self-exclusion programs including the Disassociated Persons List and the Internet Gaming and Sports Betting Responsible Gaming Database, and ""DontRegretTheBet.org" [ [link removed] ]" 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" [ [link removed] ]"."
* Detroit_Casino_Revenue-September_2024.xls [ [link removed] ]
* Fantasy_Contests-August_2024.xlsx [ [link removed] ]
* 2024.10.08-PR-Detroit_Casinos_September_Revenue.pdf [ [link removed] ]
* Detroit_Casino_RSB-September_2024.xls [ [link removed] ]
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