Machibet777 LoginMichigan Casino Revenue Up 40.1% Year-on-Year in November

Glass partitions separate the public from the cashier when they cash in their chips inside the MGM Grand Detroit as we look at Michigan land-based casino revenues for November 2024. — New glass partitions separate the public from the cashier when they cash in their chips inside the MGM Grand Detroit. Photo by Eric Seals / Imagn Content Services, LLC.

Michigan is home to some of our best sports betting apps and real-money online casinos, but it also has a flourishing brick-and-mortar gambling industry.

The Michigan Gaming Control Board (MGCB) has its latest land-based casino results for November 2024. The release reveals that the three Detroit casinos collected $108.35 million, including $106.44 million from slots and table games. Retail sports betting generated the remaining $1.91 million from a $20.99 million handle.

The monthly revenue total marks a 40.1% year-on-year increase, which can be attributed to last year’s casino strikes, which lasted from October 17 through November 19. The strikes began against MGM Resorts International, operator of the MGM Grand Detroit, and Penn Entertainment. Employees from all three casinos ended up striking over pay and benefits.

Revenue was also up around 5.3% from October’s $102.9 million. In October, slots and table games produced $103.7 million in revenue, but a negative ($826,796) from retail sports betting took the total down.

MGM leads despite drop in revenue from October

MGM Grand Detroit continued to lead the market in November, also reporting the largest year-on-year revenue increase. The casino saw a 60.6% jump to $49.21 million, accounting for a 46% share of the market. MotorCity Casino Hotel collected $33.06 million, up 34.0% year-on-year, while Hollywood Casino at Greektown saw a 16.8% year-on-year rise to $24.17 million. MotorCity held 31% of the market, and Hollywood Casino accounted for the remaining 23%.

However, a month-on-month comparison reveals that MGM Grand Detroit was the only of the three casinos to report a revenue drop, falling around $0.19 million or 0.4%. Hollywood Casino reported a 6.9% increase, while MotorCity’s revenue rose by 4.3% from October.

Casino	October 2024	November 2024	Change
MGM Grand Detroit	$49.4 million	$49.21 million	-0.4%
MotorCity Casino Hotel	$31.7 million	$33.06 million	+4.3%
Hollywood Casino at Greektown	$22.6 million	$24.17 million	+6.9%
Total	$103.7 million	$106.44 million	+2.6%

Casino and sports betting tax payments

The three Detroit casinos paid $8.6 million in gaming taxes to the State of Michigan in November 2024, a 38.7% increase from $6.2 million last year. Based on their retail sports betting revenue, they paid a further $72,376. These funds support the School Aid Fund for statewide K-12 classroom education.

Additionally, the casinos reported $13.2 million in wagering taxes and development agreement payments to the City of Detroit for the month and submitted $88,460 from their sports betting revenue.

Michigan sports betting was first legalized in 2019, following which retail sportsbooks launched in March 2020, including FanDuel at MotorCity and the BetMGM Sports Lounge at MGM Grand Detroit. Online operators followed, launching in January 2021. Hollywood Casino at Greektown opened its Barstool Sportsbook in December 2020, which rebranded as ESPN BET earlier this year.

Overall in 2023, the casino operators paid $369.8 million to the State and $95.8 million to Detroit.

Written By:
Ziv Chen

Ziv has over two decades of experience in the igaming and sports betting industry, having served in senior marketing and business development positions with both B2C and B2B companies, including Playtech and Microgaming. In 2019, Ziv decided to pursue his passion for writing and became a fulltime industry journalist, covering casino, sports, and gambling business news. He’s specialties include casino games and technology, US state gambling regulation, company performance, as well as gambling affiliates and marketing. As a Pitt graduate, Ziv is a diehard fan of all Pittsburgh sports teams, with the Steelers at the top of the list. In his free time, he enjoys reading crime fiction, biographies (mainly of sports personalities, but not only) and American history. Ziv’s Favorite quote: “We're going to pursue perfection, knowing full well we won't catch it, but we're going to relentlessly chase it," Mike Tomlin, Pittsburgh Steelers Head Coach.