Detroit’s three casinos – MGM Grand Detroit, MotorCity Casino, and Hollywood Casino at Greektown – reported $123.86 million in monthly aggregate revenue (AGR) for March 2024. Of the total, $122.26 million was generated from table games and slots, and $1.6 million from retail sports betting.
The figures show the casinos have posted their best March since 2019 and their best monthly gambling revenue numbers in over four years. Not since December of 2019, which was 51 months ago, have the casinos posted revenue this high. It is worth noting March is traditionally the best revenue month of the year for the Detroit casino sector.
MGM led the market shares for the month with 46%, followed by MotorCity at 31% and Hollywood Casino at Greektown at 23%.
March 2024 table games and slot revenue increased 3.8% from a year ago when compared to the same month in 2023. It was also up monthly, 16.7% higher than February 2024.
In comparison to March 2023, MGM experienced a 4.1% increase to clock $56.6 million, while MotorCity saw an increase of 7.2%, reaching $38.3 million. However, Hollywood Casino at Greektown recorded a 1.4% decrease, settling at $27.2 million.
The three Detroit casinos paid $9.9 million in gaming taxes to the State of Michigan in March, up from the $9.5 million they paid 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.
The casinos reported $17.2 million in total retail sports betting handle, and total gross receipts were $1.61 million for 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.
For February 2024, fantasy contest operators reported total adjusted revenues of $405,342 and paid taxes of $34,049.