Detroit's three casinos reported $116,2 million in aggregate monthly revenue (AGR) for the month of December 2023, of which $111,4 million was generated from table games and slots and $4,8 million from dollars from retail sports betting.
December market shares were:
- MGM, 44%
- MotorCity, 32%
- Hollywood Casino in Greektown, 24%
Game revenue from table and slots December 2023 revenue increased 2,9% compared to December 2022 revenue. December monthly revenue was also 46,6% higher than November 2023. From January 1 to December 31, board game revenue and slots at Detroit casinos were down 2,7% compared to the same period last year.
Monthly casino gaming revenue results were mixed compared to December 2022:
- MGM, down 0,7% to $50,6 million
- MotorCity, up 5,1% to $34,7 million
- Hollywood Casino in Greektown, up 7,5% to $26,1 million
In December 2023, Detroit's three casinos paid $9,0 million in gaming taxes to the State of Michigan. They paid $8,8 million for the same month last year. The casinos also reported submitting $13,8 million in wagering taxes and development agreement payments to the city of Detroit in December.
For the fourth quarter of 2023 ending Dec. 31, aggregate revenue decreased 12,9% for all three Detroit casinos compared to the same period last year. Quarterly gaming revenue for casinos was:
- MGM: $118.6 million
- MotorCity: $84,4 million
- Hollywood Casino in Greektown: $66,2 million
Compared to the fourth quarter of 2022, Greektown's MGM, MotorCity and Hollywood Casino declined 17,7%, 11,6% and 4,7%, respectively. The three casinos paid the state $21,8 million in gambling taxes in the fourth quarter of 2023, compared to $25,0 million in the same quarter last year.
Detroit's three casinos saw $30,4 million in total retail sports betting and total gross revenue was $4,8 million for the month of December. Qualified adjusted gross revenue for retail sports betting (QAGR) in December 2023 increased by $3,1 million compared to December 2022. Compared to November 2023, December QAGR increased by 54,9%.
December QAGR from casinos was:
- MGM: $291,171
- MotorCity: $2,3 million
- Hollywood Casino in Greektown: $2,2 million
During the month of December, casinos paid $180.822 in gaming taxes to the state and reported submitting $221.005 in betting taxes to the city of Detroit based on their retail sports betting revenue.
Total aggregate annual revenue of $1,237 billion – a slight decline of 3,1% from last year – from Detroit's three casinos for slots, table games and betting retail sports were generated by:
- Slots: $984.1 million (80%)
- Board games: $238,7 million (19%)
- Retail Sports Betting: $14,0 million (1%)
Casino market shares for the year were:
- MGM, 46%
- MotorCity, 31%
- Hollywood Casino in Greektown, 23%
Compared to 2022, annual slot and table game gaming revenue for the three casinos was as follows:
- MGM, down 6,0% to $564,0 million
- MotorCity, down 5,8% to $373,6 million
- Hollywood Casino in Greektown, up 9,5% to $285,2 million
Aggregate adjusted gross revenue (QAGR) for 2023 decreased 25,7% to $14,0 million compared to last year, with MGM totaling $2,3 million, MotorCity totaling $5,0, $6,7 million and Hollywood Casino in Greektown for a total of $XNUMX million.
In 2023, Detroit's three casinos paid the state $99,0 million in wagering taxes on slots and table games and $528.314 in retail sports betting taxes. In 2022, they had paid $101.8 million and $711,087 each, respectively.
For the month of November, fantasy contest operators reported total adjusted revenue of $1,8 million and paid taxes of $149.915.
From Jan. 1 to Nov. 30, fantasy contest operators reported $21,3 million in adjusted aggregate revenue for fantasy contests and paid $1,8 million in taxes.
