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Detroit Casino revenue drops to $109.4m by April

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Revenues at Detroit’s commercial casinos fell by 8% in April compared to the same month last year.

Detroit’s total casino revenues for April were $109.4m. (PS86.8m/EUR101.0m). It is just marginally less than the $109.7m of April 2023, but it’s 11.7% lower than the $123.9m from March.

Table games and slot machines accounted for $107.9m of this total. This is a drop of 1.6% compared to last year. It was also 11,8% below the total for March.

Sports betting generated the other $1.6m in revenue. It is a stark contrast from the $14,489 in April 2023.

MGM maintains its lead in Detroit

MGM is still far ahead of the competition when it comes to total revenues for each Detroit commercial casino. MGM had a 46.0% market share in April, while MotorCity was at 30.0%. Hollywood Casino Greektown came in second with 24.0%.

MGM’s table game and slot revenue for April was $49.9m, down by 0.7% from last year. MotorCity’s revenue also dropped 4.5%, to $32.7m. Hollywood Casino however posted an increase of 0.6% to $25.3m.

Hollywood Casino is the leader in sports betting with a QAGR of $578,131. This is a significant decrease from $1.4m that was expected in April 2023. However, growth elsewhere has led to a positive overall QAGR.

MotorCity’s sports betting QAGR was $516,812, compared to a loss of $1.7m last year. MGM’s sports betting QAGR remained at $475.492, an increase of $432.195 from the previous year.

The three Detroit casinos have paid gaming tax to Michigan of $8.7 million for table games and slot machines. Casinos also paid $12.8m to Detroit in gambling taxes, development agreements and wagering tax.

The casinos in Detroit paid wagering tax to Detroit of $72,554 and 59,362 dollars for sports betting.

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