Detroit casinos report $101.8 million in November monthly aggregate revenue
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The three Detroit casinos reported $101.8 million in monthly aggregate revenue in November. Table games and slots generated $99.9 million, while sports betting produced $1. 9 million.
Detroit casinos report $101.8 million in November monthly aggregate revenue. Market shares during November were:GM, 47%, MotorCity, 30%, Hollywood Casino at Greektown, 23%.
Table games and slot revenue declined 3.8% compared with November 2021 results. Hollywood Casino at Greektown saw $23.2 million in monthly gaming revenue for a 2.9% gain. Monthly gaming revenues fell for MGM, down 3% to $46.7 million, and MotorCity Casino, 9.1% down to $30 million. The three Detroit casinos paid $8.4 million to the State of Michigan and $12.5 million for the City of Detroit during November.
November retail sports betting qualified adjusted gross receipts (QAGR) dropped 57% compared with November 2021 results and declined 11.1% from October receipts. Total gross receipt was $1.9 million and total handle was $18,136,969. Detroit casinos report $101.8 million in November monthly aggregate revenue.
November QAGR totals by property were: MGM, $807,913, MotorCity, $741,222, and Hollywood Casino at Greektown,$313,884. The three Detroit casinos submitted $86,071 in wagering taxes and development agreement payments to the City of Detroit during November.
Detroit casinos report $101.8 million in November monthly aggregate revenue. Year-to-date aggregate retail sports betting qualified adjusted gross receipts through Nov. 30 were: MGM, $5.5 million, MotorCity, $ 5 million and Hollywood Casino at Greektown, €6.7 million.
Fantasy contest operators reported $13 million in aggregate fantasy contest adjusted revenues and paid $1.1 million taxes during the first 10 months of the year. Detroit casinos report $101.8 million monthly aggregate revenue.
