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Michigan casinos show slight revenue increase in April 2025 6l6e1j14 May 2025(PRESS RELEASE) -- The three Detroit casinos collectively reported $109.8 million in revenue for April 2025. Of this total, table games and slot machines generated $109.5 million, while retail sports betting contributed $316,538. Market Share Breakdown for April 2025: - MGM Grand Detroi Casinot: 47% - MotorCity Casino: 30% - Hollywood Casino at Greektown: 23% Table Games, Slot Revenue, and Taxes Revenue from table games and slots at the three Detroit casinos increased 1.5% in April 2025 when compared to the same month last year. However, April's revenue showed a 6.3% decrease compared to March 2025. From 1 January through 30 April of this year, table games and slots revenue decreased by 0.5% compared to the same period in 2024. In comparison to April 2024, the revenue for each casino was as follows: - MGM Grand Detroit: Up 2.5%, totaling $51.1 million - MotorCity Casino: Up 1.2%, totaling $33.1 million - Hollywood Casino at Greektown: Down 0.2%, totaling $25.3 million In April 2025, the three casinos paid a total of $8.9 million in state gaming taxes, compared to $8.7 million in the same month last year. Additionally, the casinos submitted $13.0 million in wagering taxes and development agreement payments to the City of Detroit in April. Retail Sports Betting Revenue and Taxes The three Detroit casinos reported a total retail sports betting handle of $9.4 million in April 2025, with total gross receipts amounting to $336,021. Retail sports betting’s qualified adjusted gross receipts (QAGR) saw a significant decrease, down 79.8% compared to April 2024 and 44.6% compared to March 2025. QAGR by casino for April 2025 was as follows: - MGM Grand Detroit: negative ($219,857) - MotorCity Casino: $223,859 - Hollywood Casino at Greektown: $312,536 In April, the casinos paid $20,276 in state gaming taxes and reported submitting $24,781 in wagering taxes to the City of Detroit based on retail sports betting revenue. Fantasy Contests For March 2025, fantasy contest operators reported total adjusted revenues of $634,191 and paid $53,272 in taxes. < Gaming News 3uy69 |