Gambling in the USA
Detroit Casinos Report $82.8M in October Revenue
The three Detroit casinos reported $82.8 million in monthly aggregate revenue (AGR) for the month of October 2023, of which $81.7 million was generated from table games and slots, and $1.1 million from retail sports betting.
The October market shares were:
- MGM, 46%
- MotorCity, 31%
- Hollywood Casino at Greektown, 23%
Table Games and Slot Revenue and Taxes
October 2023 table games and slot revenue decreased 18.9% when compared to October 2022 results. October monthly revenue was 18.3% lower than September 2023. From January 1 through Sept. 30, the Detroit casinos’ table games and slots revenue decreased by 1.3% compared to the same period last year.
The casinos’ monthly gaming revenue results all decreased compared to October 2022:
- MGM, down 19.6% to $37.3 million
- MotorCity, down 22.8% to $25 million
- Hollywood Casino at Greektown, down 11.7% to $19.4 million
During October, the three Detroit casinos paid $6.6 million in gaming taxes to the State of Michigan. They paid $8.2 million for the same month last year.
The casinos reported submitting $10.1 million in wagering taxes and development agreement payments to the City of Detroit in October.
Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $18.1 million in total retail sports betting handle, and total gross receipts were $1.1 million for the month of October.
Retail sports betting qualified adjusted gross receipts (QAGR) were down 46.3% when compared to October 2022. October QAGR was down by 28.6% compared to September 2023.
October QAGR by casino was:
- MGM: $365,705
- MotorCity: $669,028
- Hollywood Casino at Greektown: $90,430
During October, the casinos paid $42,531 in gaming taxes to the state and reported submitting $51,982 in wagering taxes to the City of Detroit based on retail sports betting revenue.
Fantasy Contests
For September, fantasy contest operators reported total adjusted revenues of $2.1 million and paid taxes of $178,346.
From Jan. 1 through Sept. 30, fantasy contest operators reported $16.8 million in aggregate fantasy contest adjusted revenues and paid $1.4 million in taxes.
Gambling in the USA
Gila River Resorts & Casinos hosts $5.9 million Big Game prop play contest
Gambling in the USA
Spinomenal makes US debut with New Jersey market entry
Spinomenal, the leading iGaming content provider, has made its US debut after launching an exciting collaboration with a leading operator in the state of New Jersey, and is anticipating many more valuable collaborations with top tier online casinos.
Following impressive growth rates, Spinomenal is making a major move into the New Jersey iGaming market, marking a key step in its global expansion. By entering this crucial U.S. region, Spinomenal will bring its innovative games to a new audience, strengthening its presence and leadership in the iGaming industry.
Spinomenal’s specially selected titles will be going live via Pariplay’s Fusion aggregation platform in the New Jersey market. Some of the outstanding titles being made available for NJ players are Demi Gods II, Majestic Wild Buffalo and Kitsune’s Scrolls.
This marks a major milestone in Spinomenal’s strategic expansion plan, as this debut establishes the company’s initial presence within the New Jersey market, with further growth anticipated across the US iGaming ecosystem. This move underscores Spinomenal’s commitment to expanding its global footprint and further solidifying its position as a leader in the online casino industry.
Lior Shvartz, CEO for Spinomenal commented: “After a decade of establishing and positioning Spinomenal as a leading provider in the iGaming industry, we have now taken a big leap and will provide our exciting content to the esteemed New Jersey audience. We are highly optimistic about entering this prominent market, following the process of obtaining approval from the DGE.”
Gambling in the USA
Mechoopda Casino to Suspend Operations Effective January 31, 2025
The Mechoopda Indian Tribe has announced that the Mechoopda Economic Gaming Authority (MEGA) Board has made the decision to suspend operations at Mechoopda Casino. The final day of operations will be Friday, January 31, 2025.
The Mechoopda Casino says this decision comes after months of deliberation and efforts to address the various challenges affecting the casino’s operations.
Dennis Ramirez, Tribal Chairman of the Mechoopda Indian Tribe, said: “Suspending operations at the Casino is a heart-wrenching decision that affects not only our Tribe but also our valued employees, customers, and the surrounding community. While this chapter is closing, our commitment to the Casino’s long-term vision remains steadfast. For over 25 years, this project has been a cornerstone of our economic development goals, and we will continue to work toward its future reopening.”
The Tribe is taking steps to support both its employees and community partners during this transition period:
Employee Support: The Tribe is committed to offering resources and guidance to assist team members through this difficult time.
Remaining Open Until January 31: The Casino will remain open through its final day of operation, giving guests the opportunity to enjoy the remaining days of service.
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