Noticias de ultima
  • 12.00 Emotional tribute to Manuel San Román Benavente at PGS 2024
  • 12.00 MGM RESORTS named partner of the New York Yankees
  • 12.00 Legendary skater and entrepreneur to keynote at SBC Summit
  • 12.00 PAGCOR to ban POGO hubs in latest effort to clean up Philippines offshore gaming industry
  • 12.00 China’s Money Exchange Crackdown Affects Macau Gaming Sector
  • 12.00 GLI Perspectives on Gambling Regulation in Latin America
  • 12.00 Court declares betting house advertising illegal during child protection hours in Chile
  • 12.00 LaunchPad finalists announced for iGB L!VE
  • 12.00 Digitain Introduces Centrivo CRM Platform
  • 12.00 JCM Global Opens New Service Repair Centre in Spain in Collaboration with Iniciativas Murcia
Reports

Detroit casinos report $113.2M in May revenue

Wednesday 12 de June 2024 / 12:00

2 minutos de lectura

(Detroit).- The three Detroit casinos reported $113.2 million in monthly aggregate revenue (AGR) for the month of May 2024, of which $111.3 million was generated from table games and slots, and $1.9 million from retail sports betting.

Detroit casinos report $113.2M in May revenue

The May market shares were:

  • MGM, 46%
  • MotorCity, 31%
  • Hollywood Casino at Greektown, 23%

Monthly Table Games, Slot Revenue, and Taxes
The casinos’ revenue for table games and slots for the month of May 2024 increased 6.3% when compared to the same month last year. May’s monthly revenue was 3.2% higher when compared to the previous month, April 2024. From Jan. 1 through May 31, the Detroit casinos’ table games and slots revenue decreased by 0.1% compared to the same period last year.

The casinos’ monthly gaming revenue results all increased compared to May of last year:

  • MGM, up 5.3% to $51.9 million
  • MotorCity, up 4.9% to $33.7 million
  • Hollywood Casino at Greektown, up 10.3% to $25.7 million

In May 2024, the three Detroit casinos paid $9.0 million in gaming taxes to the State of Michigan. They paid $8.5 million for the same month last year. The casinos also reported submitting $13.2 million in wagering taxes and development agreement payments to the City of Detroit in May.

Monthly Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $11.1 million in total retail sports betting handle, and total gross receipts were $1.9 million for the month of May. Retail sports betting qualified adjusted gross receipts (QAGR) were up by $965,019 in May when compared to the same month last year. Compared to April 2024, May QAGR was up by 18.4%.

May QAGR by casino was:

  • MGM: $545,028
  • MotorCity: $825,176
  • Hollywood Casino at Greektown: $488,548

During May, the casinos paid $70,261 in gaming taxes to the state and reported submitting $85,874 in wagering taxes to the City of Detroit based on their retail sports betting revenue.

Fantasy Contests
For April 2024, fantasy contest operators reported total adjusted revenues of $561,404 and paid taxes of $47,158.


Gambling in any form is for entertainment purposes only. If you or someone you know may have a gambling problem, contact the National Problem Gambling Helpline at 1-800-GAMBLER, text 800GAM, or visit www.1800gamblerchat.org. Help is available 24/7 and is free and confidential. Michigan citizens can also visit the Responsible Gaming page of the MGCB website for information on self-exclusion programs including the Disassociated Persons List and the Internet Gaming and Sports Betting Responsible Gaming Database, and DontRegretTheBet.org for additional tools to game responsibly.

Categoría:Reports

Tags: casinos,

País: United States

Región: North America

Event

PGS, Perú Gaming Show 2024

12 de June 2024

Emotional tribute to Manuel San Román Benavente at PGS 2024

(Lima, SoloAzar Exclusive).-During PGS 2024, a moving posthumous tribute was carried out to the engineer Manuel San Román Benavente who died at the age of 74 and was General Director of the Casino of games and slot machines of the Ministry of Foreign Trade and Tourism of the Peru.

Friday 12 Jul 2024 / 12:00

GLI Perspectives on Gambling Regulation in Latin America

(Lima, SoloAzar Exclusive).- In an exclusive interview with SoloAzar, Georges Didier of Gaming Laboratories International (GLI), offers his perspectives on the evolution of gaming regulation in Latin America and the crucial role of GLI in this dynamic landscape.

Friday 12 Jul 2024 / 12:00

Implementation of robust identity verification systems by 2024 expected

(Lima, Exclusive SoloAzar) - During the conference "Knowing your players, AI, and fradue" at the Peru Gaming Show, Samer Atassi, Vicepresident for Latam at Jumio, addressed the growing concern about online gambling security and highlighted the importance of knowing your players to prevent fraud and protect minors.

Thursday 11 Jul 2024 / 12:00

SUSCRIBIRSE

Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.

PODCAST