Detroit Casinos Report $79M In Combined Revenue For November

The three Detroit casinos – Motor City, Hollywood Casino at Greektown, and MGM Grand – reported $79.1 million in monthly aggregate gaming revenue (AGR), of which:

$76 million came from slots and table games revenue
$3.1 million came from retail sports betting

The $76 million represents a 6.98% drop from October’s $81.7 million. The monthly decline doesn’t come as a surprise due to the casino workers’ strike, which impacted November revenue days more than October.

The MGM Grand Detroit revenue was hit the most in November, while MotorCity and Greektown showed relatively similar gaming numbers in October.

Detroit casinos monthly revenue was the lowest in 22 years

As PlayMichigan reported, November’s $76 million gaming revenue was the lowest monthly total since February 2001. In other words, it was the lowest full-month total in 22 years, almost the entire history of Detroit casinos dating back to December 2000.

The gambling revenue also represents a yearly 23.92% decrease from $99.9 million reported in November 2022.

MGM Grand Detroit showed the largest revenue drop in November

The MGM Grand Detroit was hit the hardest in November as the strike lasted the entire month, until reaching the new agreement on Dec. 2. The strike for the other two casinos ended on Nov. 17.

Some workers went on strike on Oct. 17, which significantly impacted Detroit’s gaming revenue in October and November. All three casinos have limited their gaming during the work stoppage.

According to a release from the Michigan Gaming Control Board, Detroit casinos’ table games and slots revenue decreased by 3.2% (Jan. 1 – Nov. 30) compared to the same period last year.

MGM was down 34.4% to $30.6 million
MotorCity decreased 17.8% to $24.7 million
Hollywood Casino at Greektown declined 10.8% to $20.7 million

Knowing that average revenue was $106.5 million per month before the strike, with October’s $82.8 million and November’s $79.1 million, we can conclude that the casinos lost about $51.1 million in combined revenue during the strike ($23.7 million in October and $27.4 million in November).

In November, the three Detroit casinos paid $6.2 million in gaming taxes to the state while paying $8.1 million for the same month last year.

Retail sports betting revenue hits yearly record in November

Despite the strike causing setbacks in casino revenue, the three Detroit casinos’ retail sports betting revenue hit a yearly record.

The three casinos reported a retail sports betting handle of $15.3 million in November. The figure is a 15.5% drop from both November 2022 and October 2023.

However, the casinos earned $3.1 million in revenue, the highest mark since November 2021. November retail sports betting qualified adjusted gross receipt (QAGR) is: