Gambling in the USA
Detroit Casinos Report $79.1M in November Revenue
The three Detroit casinos reported $79.1 million in monthly aggregate revenue (AGR) for the month of November 2023, of which $76 million was generated from table games and slots, and $3.1 million from retail sports betting.
The November market shares were:
- MGM, 39%
- MotorCity, 34%
- Hollywood Casino at Greektown, 27%.
Table Games and Slot Revenue and Taxes
November 2023 table games and slot revenue decreased 23.9% when compared to November 2022 results. November monthly revenue was 7% lower than October 2023. From Jan. 1 through Nov. 30, the Detroit casinosâ table games and slots revenue decreased by 3.2% compared to the same period last year.
- MGM, down 34.4% to $30.6 million
- MotorCity, down 17.8% to $24.7 million
- Hollywood Casino at Greektown, down 10.8% to $20.7 million.
During November, the three Detroit casinos paid $6.2 million in gaming taxes to the State of Michigan. They paid $8.1 million for the same month last year.
The casinos reported submitting $9.4 million in wagering taxes and development agreement payments to the City of Detroit in November.
Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $15.3 million in total retail sports betting handle, and total gross receipts were $3.1 million for the month of November.
Retail sports betting qualified adjusted gross receipts (QAGR) were up by $1.2 million when compared to November 2022. November QAGR was up by $2.0 million compared to October 2023.
November QAGR by casino was:
- MGM: $230,847
- MotorCity: $2.2 million
- Hollywood Casino at Greektown: $657,535
During November, the casinos paid $116,769 in gaming taxes to the state and reported submitting $142,718 in wagering taxes to the City of Detroit based on retail sports betting revenue.
Fantasy Contests
For October, fantasy contest operators reported total adjusted revenues of $2.7 million and paid taxes of $229,544.
From Jan. 1 through Oct. 31, fantasy contest operators reported $19.5 million in aggregate fantasy contest adjusted revenues and paid $1.6 million in taxes.
Gambling in the USA
Gambling.com Group Completes Acquisition of Odds Holdings, Inc., Parent Company of OddsJam
Gambling.com Group Limited (Nasdaq: GAMB) (âGambling.com Groupâ or the âCompanyâ), a leading provider of digital marketing services for the global online gambling industry, announced today that it completed the previously announced acquisition of Odds Holdings, Inc., the parent company of OddsJam, on January 1, 2025, as planned and on schedule.
The completion of this acquisition underscores Gambling.com Groupâs ability to execute strategic transactions efficiently and without delay. This acquisition expands Gambling.com Groupâs footprint in the online gambling ecosystem by adding complementary recurring revenue streams from consumer subscription products and enterprise clients. The Odds Holdings platform, powered by state-of-the-art technology for real-time odds data, strengthens the Companyâs position as a leader in the global online gambling ecosystem.
Canada
Revolver Gaming Partners with Blazesoft to Expand in the Social Sweepstakes Market
Revolver Gaming, a leading developer of premium online slot games, is excited to announce its latest partnership with Blazesoft, a leading provider of online social casinos with sweepstakes elements. This partnership will see Revolver Gamingâs acclaimed portfolio of slot games delivered to Blazesoftâs brands, enriching their offering and providing players with cutting-edge entertainment.
Blazesoft is a well-established leader in the social sweepstakes market with leading brands in Fortune Coins, Zula Casino, Sportzino, Yaycasino.com who deliver engaging and compliant gaming experiences to players. By introducing Revolver Gamingâs innovative titles, Blazesoft strengthens its position as a prominent group operating the largest online social casinos in the U.S. and Canada for players seeking immersive and high-quality content.
As part of the collaboration, players on Blazesoft social gaming platforms will gain access to Revolverâs top-performing titles, including Badlands, Irish Coins, and Thor of Asgard. These games, celebrated for their stunning visuals, unique features, and dynamic gameplay, align perfectly with Blazesoftâs mission to offer exceptional entertainment to its users in North America.
Ryan Lazarus, CEO of Revolver Gaming, commented:
“Weâre thrilled to partner with Blazesoft, a standout operator in the social sweepstakes sector. This collaboration highlights our commitment to bringing top-quality games to players in innovative and growing markets. The social sweepstakes space is booming, and Blazesoftâs platforms provide the perfect home for our titles to reach and engage new audiences.”
Yuliya Ivanisova, Chief Commercial Officer at Blazesoft said: “With Blazesoftâs established reputation and Revolverâs innovative content, this collaboration sets the stage for enhanced player experiences and strong market performance.”
The partnership underscores Revolver Gamingâs dedication to supporting operators in the social sweepstakes gaming industry, a market that continues to experience tremendous growth. With Blazesoftâs established reputation and Revolverâs innovative content, this collaboration sets the stage for enhanced player experiences and strong market performance.
Gambling in the USA
Terrible’s Mobile Gaming Introduces 5-Card Draw Poker in Nevada
Renowned for its deliberately different philosophy, JETT/Terrible’s Gaming is now revolutionizing mobile gaming with the launch of Terrible’s Mobile Gaming. Offering Nevadans fast-paced Multi-Player 5 Card Draw Poker on mobile devices statewide, this groundbreaking multiplayer app enables real-money games anytime in Nevada, complete with thrilling features like Royal Flush bonuses of up to $4,500, Four-of-a- Kind payouts of up to $175, and more.
âJETT/Terribleâs Gaming and the Terribleâs brand in general have been making life more convenient for Nevadans for over 65 years. Now, we are excited to bring that same level of convenience to mobile gamingâdelivering the excitement of Multi-Player 5 Card Draw Poker directly to our customers, wherever they are, and within the palm of their hand,â said Tim Herbst, President, JETT Gaming & Terrible Herbst Inc.
To celebrate the launch, Terribleâs Mobile Gaming is offering a *deposit match of up to $500 every week. Download the Terribleâs Mobile Gaming app on the App Store and Google Play Store for *details:
In collaboration with Real Gaming, one of Nevadaâs pioneering licensed iGaming operators, Terribleâs Mobile Gaming integrates state-of-the-art technology to provide an unparalleled gaming experience across the state.
“Nevada players know that both the JETT Gaming and Terrible’s Gaming brands mean convenience, and that’s exactly what we’ve delivered,” said Lawrence Vaughan, co-founder of Real Gaming. âPlayers are loving it!”
For more information, visit terriblesmobilegaming.com.
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