{"id":8492,"date":"2025-01-14T23:02:22","date_gmt":"2025-01-14T23:02:22","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/01\/14\/detroit-casino-revenue-drops-in-december-2024-vs-2023\/"},"modified":"2025-01-14T23:02:22","modified_gmt":"2025-01-14T23:02:22","slug":"detroit-casino-revenue-drops-in-december-2024-vs-2023","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/01\/14\/detroit-casino-revenue-drops-in-december-2024-vs-2023\/","title":{"rendered":"Detroit Casino Revenue Drops in December 2024 vs 2023"},"content":{"rendered":"<div>\n<p>Detroit\u2019s three casinos reported a combined revenue of $109.6 million for December 2024, according to data from the Michigan Gaming Control Board (MGCB). This reflects a 5.7% drop compared to the same month in 2023, with declines in both table games and retail sports betting revenues.<\/p>\n<p>Table games and slots contributed the most, generating $109.3 million in revenue for the month. However, this was still 1.9% lower than the previous year. Retail sports betting showed a sharper decline, with adjusted gross receipts (QAGR) falling by 94.2% year-over-year to $280,000.<\/p>\n<p>The sports betting handle for December 2024 totaled $19.8 million, significantly lower than the $30.4 million recorded in December 2023. Compared to November 2024, sports betting QAGR also dropped by 85.6%.<\/p>\n<p>Among the casinos, MotorCity and Hollywood Casino at Greektown managed slight increases in their December sports betting QAGR, with gains of $342,600 and $88,400, respectively. Meanwhile, MGM Grand Detroit experienced a $150,000 decrease in sports betting QAGR but was the only property to report growth in table games and slot revenue. MGM\u2019s total gaming revenue for December reached $51.2 million, a 1.3% increase from the previous year. MotorCity reported $33 million in revenue, down 4.8%, while Hollywood Casino at Greektown saw $25.1 million, a 4.1% decline.<\/p>\n<p>For the full year of 2024, the three casinos collectively generated $1.29 billion, up 4.3% from 2023. Slots remained the largest revenue source, bringing in $1.03 billion. Table games contributed nearly $251 million, while retail sports betting accounted for $9.7 million, a 30.6% decline from the previous year.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>In terms of market share for retail sports betting, MGM led with 47%, followed by MotorCity at 30% and Hollywood Casino at Greektown with 23%.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/detroit-casino-revenue-drops-in-december-2024-vs-2023\/\">Detroit Casino Revenue Drops in December 2024 vs 2023<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Detroit\u2019s three casinos reported a combined revenue of $109.6 million for December 2024, according to data from the Michigan Gaming Control Board (MGCB). This reflects a 5.7% drop compared to the same month in 2023, with declines in both table games and retail sports betting revenues. Table games and slots contributed the most, generating $109.3 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-8492","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=8492"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8492\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=8492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=8492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=8492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}