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Detroit casinos report March 2025 revenue 3a346a8 April 2025(PRESS RELEASE) -- The three Detroit casinos collectively reported $117.4 million in revenue for March 2025. Of this total, table games and slot machines generated $116.8 million, while retail sports betting contributed $571,215. Market Share Breakdown for March 2025: - MGM Grand Detroit Casino: 46% - MotorCity Casino: 31% - Hollywood Casino at Greektown: 23% Table Games, Slot Revenue, and Taxes Revenue from table games and slots at the three Detroit casinos decreased 4.5% in March 2025 when compared to the same month last year. However, March's revenue showed a 19.2% increase compared to February 2025. For the first quarter of 2025 (1 January through 31 March), table games and slots revenue decreased by 1.2% compared to the same period in 2024. In comparison to March 2024, the revenue for each casino was as follows: - MGM Grand Detroit: Down 5.1%, totaling $53.8 million - MotorCity Casino: Down 6.4%, totaling $35.9 million - Hollywood Casino at Greektown: Down 0.6%, totaling $27.1 million In March 2025, the three casinos paid a total of $9.5 million in state gaming taxes, compared to $9.9 million in the same month last year. Additionally, the casinos submitted $13.9 million in wagering taxes and development agreement payments to the City of Detroit in March. Retail Sports Betting Revenue and Taxes The three Detroit casinos reported a total retail sports betting handle of $12.1 million in March 2025, with total gross receipts amounting to $580,011. Retail sports betting’s qualified adjusted gross receipts saw a significant decrease, down 64.3% compared to March 2024 and 30.0% compared to February 2025. QAGR by casino for March 2025 was as follows: - MGM Grand Detroit: $364,736 - MotorCity Casino: $138,458 - Hollywood Casino at Greektown: $68,022 In March, the casinos paid $21,592 in state gaming taxes and reported submitting $26,390 in wagering taxes to the City of Detroit based on retail sports betting revenue. Fantasy Contests For February 2025, fantasy contest operators reported total adjusted revenues of $579,297 and paid $48,661 in taxes. < Gaming News 3uy69 |