Home > Casino & games > Detroit casino revenue slips 3.1% in 2023

Detroit casino revenue slips 3.1% in 2023

| By Robert Fletcher
Revenue from the three commercial casinos in Detroit, Michigan, slipped 3.1% year-on-year to $1.24bn (£974.6m/€1.13bn) in 2023, with declines across table games and sports betting.
Detroit casino revenue 2023

Slots were by far the primary source of revenue for the Detroit land-based casinos in 2023. Aggregate revenue from slots reached $984.1m, marginally higher than $983.7m in the previous year.

However, table games revenue was 12.7% lower at $238.7m. Retail sports betting qualified adjusted gross receipts (QAGR) also declined 25.7% to $14.0m.

Slots accounted for 80.0% of all revenue in Detroit during 2023. Tables games’ share stood at 19.0% and sports betting the remaining 1.0%.

MGM remains clear leader in Detroit

Breaking down performance by each casino, MGM Grand Detroit again led the way with a 46.0% market share. 

MGM posted $564.0m in combined slots and table games revenue, down 6.0%. The casino also reported $2.3m in sports betting QAGR.

Placing second was MotorCity Detroit with a 31.0% share. Slots and table games revenue fell 5.8% to $373.6m, with sports betting QAGR at $5.0m.

Rounding off Detroit’s market was the Hollywood Casino at Greektown with a 23.0% share. Revenue from slots and table games increased to $285.2m, while sports wagering QAGR amounted to $5.0m. 

The three Detroit casinos paid the state $99.0m in wagering taxes for slots and table games. A further $528,314 was paid in wagering taxes for retail sports betting.

December revenue rises 5.7% year-on-year

Turning to the final month of the year, total market revenue in December was up by 5.7% to $116.2m.

Table and slots revenue climbed 2.9% year-on-year to $111.4m. This was also 46.6% ahead of $76.0m in November 2023.

Sports betting QAGR rocketed 200.0% from $1.6m in December 2022 to $4.8m, with this also 54.8% more than $3.1m in November. Detroit players spent a total of $30.4m betting on sports at retail facilities during month.

MGM had a 44.0% market share in December, with MotorCity at 32.0% and the Hollywood Casino 24.0%. 

Slots and table games revenue at MGM fell 0.7% to $50.6m, with sports betting QAGR at $291,171. MotorCity said slots and table games revenue was 5.1% higher at $34.7m and also posted $2.3m in sports betting QAGR.

Finally, Hollywood Casino reported a 7.5% rise in slots and table games revenue to $26.1m, plus $2.2m in sports betting QAGR.

During December, the three Detroit casinos paid $9.0m in gaming taxes to the state. They also reported $13.8m in wagering taxes and development agreement payments to the City of Detroit.

An additional $180,822 was paid in gaming taxes to the state in relation to sports betting. In addition, some $221,005 in wagering taxes was submitted to the City of Detroit based on sports betting revenue.

Subscribe to the iGaming newsletter