written and last updated by
Sam Smith at
13 Apr 2023
Journalist, Editorial Department
The Michigan Gaming Control Board has released financial results for the first quarter of 2023, with a particular focus on March. The three casinos in Detroit reported a slight increase in combined revenue for the quarter.
In the first quarter of 2023, the city's gaming establishments generated $326.2 million, a 3.4% increase compared to the same period last year. The state collected $26.4 million in gaming taxes, up from $25.6 million in 2022. MGM Grand led the pack with $154.7 million in revenue, marking a 2.5% rise from the previous year. It was followed by Motor City with $97.3 million, which saw a 0.9% decline, and Hollywood Casino with $74.2 million, which experienced an 11.5% increase.
In March, total revenue reached $119.2 million, down from $122.8 million in the same month last year. MGM Grand Detroit accounted for the largest share at 46%, followed by Motor City at 30% and Hollywood Casino at 24%.
Year-over-year, only Hollywood Casino saw an increase in revenue, rising 7.5% to $27.6 million. Meanwhile, MGM Grand and Motor City reported declines of 2.7% and 9%, respectively. The total amount of tax contributions to the state was $9.5 million, while Detroit received $14 million in betting taxes and other payments.
In terms of sports betting, Hollywood Casino led the way last month with $702,670 in revenue. Motor City and MGM Grand reported $424,382 and $284,425, respectively. The state received $53,354 in taxes, while Detroit collected $65,210.
It is worth noting that casinos remain a primary attraction for tourists in Macau, despite ongoing efforts to diversify the local economy.
