In 2023 according to sources on the internet the Michigan lottery made 46 million , liquor taxes made $31.5 billion this year, a slight increase from previous projections but close to $400 million less than the previous year. Marijuana about 3 billion.
Michigan’s legal marijuana retailers experienced remarkable success in 2023, generating an impressive $3 billion in cannabis sales. Notably, the sales soared even higher in December, surpassing all previous records.
Licensed businesses achieved a remarkable milestone last month, generating an impressive $279.9 million in total sales, as revealed by the latest state sales data. This outstanding performance sets a new record, surpassing the previous highest monthly earnings of $276.7 million, which were accomplished in July of the previous year.
All recorded sales for 2023, including both adult-use and medical purchases, reached a staggering $3,057,161,285.85, as reported by Michigan’s Cannabis Regulatory Agency (CRA). This figure surpasses the previous year’s total of $2.29 billion by approximately one-third, highlighting the remarkable growth within the industry.
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
RESTORE YOUR SECOND AMENDMENT RIGHTS
RESTORE YOUR PROFESSIONAL LICENSE
RESTORE YOUR DRIVER LICENSE
RESTORE YOUR PAST (Expungements)
Call our Office for a free case evaluation
Komorn Law (248) 357-2550
Detroit casinos report $116.2M in December revenue, $1.237B for year
DETROIT, Jan. 9, 2024 — The three Detroit casinos reported $116.2 million in monthly aggregate revenue (AGR) for the month of December 2023, of which $111.4 million was generated from table games and slots, and $4.8 million from retail sports betting.
The December market shares were:
MGM, 44%
MotorCity, 32%
Hollywood Casino at Greektown, 24%
Monthly Table Games, Slot Revenue, and Taxes
December 2023 table games and slot revenue increased 2.9% when compared to December 2022 revenue. December’s monthly revenue was also 46.6% higher than November 2023. From Jan. 1 through Dec. 31, the Detroit casinos’ table games and slots revenue decreased by 2.7% compared to the same period last year.
The casinos’ monthly gaming revenue results were mixed compared to December 2022:
MGM, down 0.7% to $50.6 million
MotorCity, up by 5.1% to $34.7 million
Hollywood Casino at Greektown, up by 7.5% to $26.1 million
In December 2023, the three Detroit casinos paid $9.0 million in gaming taxes to the State of Michigan. They paid $8.8 million for the same month last year. The casinos also reported submitting $13.8 million in wagering taxes and development agreement payments to the City of Detroit in December.
Quarterly Table Games, Slot Revenue, and Taxes
For the fourth quarter of 2023 that ended Dec. 31, aggregate revenue was down for all three Detroit casinos by 12.9% compared to the same period last year. Quarterly gaming revenue for the casinos was:
MGM: $118.6 million
MotorCity: $84.4 million
Hollywood Casino at Greektown: $66.2 million
Compared to the fourth quarter of 2022, MGM, MotorCity, and Hollywood Casino at Greektown were down by 17.7%, 11.6%, and 4.7%, respectively. The three casinos paid $21.8 million in gaming taxes to the state in the fourth quarter of 2023, compared to $25.0 million in the same quarter last year.
Monthly Retail Sports Betting Revenue and Taxes
The three Detroit casinos reported $30.4 million in total retail sports betting handle, and total gross receipts were $4.8 million for the month of December. Retail sports betting qualified adjusted gross receipts (QAGR) in December 2023 were up by $3.1 million when compared to December 2022. Compared to November 2023, December QAGR increased 54.9%.
December QAGR by casino was:
MGM: $291,171
MotorCity: $2.3 million
Hollywood Casino at Greektown: $2.2 million
During December, the casinos paid $180,822 in gaming taxes to the state and reported submitting $221,005 in wagering taxes to the City of Detroit based on their retail sports betting revenue.
Annual Revenue for Table Games, Slots, and Retail Sports Betting
The total yearly aggregate revenue of $1.237 billion — a slight decrease of 3.1% compared to last year — by the three Detroit casinos for slots, table games, and retail sports betting was generated by:
Slots: $984.1 million (80%)
Table games: $238.7 million (19%)
Retail sports betting: $14.0 million (1%)
The casinos’ market shares for the year were:
MGM, 46%
MotorCity, 31%
Hollywood Casino at Greektown, 23%
Compared to 2022, slots and table games yearly gaming revenue for the three casinos were as follows:
MGM, down by 6.0% to $564.0 million
MotorCity, down by 5.8% to $373.6 million
Hollywood Casino at Greektown, up by 9.5% to $285.2 million
Aggregate retail sports betting qualified adjusted gross receipts (QAGR) for 2023 was down by 25.7% to $14.0 million compared to last year, with MGM totaling $2.3 million, MotorCity totaling $5.0 million, and Hollywood Casino at Greektown totaling $6.7 million.
In 2023, the three Detroit casinos paid the state $99.0 million in wagering taxes for slots and table games, and $528,314 in wagering taxes for retail sports betting. In 2022, they had paid $101.8 million and $711,087 for each, respectively.
Fantasy Contests
For November, fantasy contest operators reported total adjusted revenues of $1.8 million and paid taxes of $149,915.
From Jan. 1 through Nov. 30, fantasy contest operators reported $21.3 million in aggregate fantasy contest adjusted revenues and paid $1.8 million in taxes.
Gambling in any form is for entertainment purposes only. If someone has a gambling problem, please call the state’s 24-hour, toll-free helpline at 1-800-270-7117 or the MGCB’s responsible gaming section at 1-888-223-3044. 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.
The Michigan Gaming Control Board shall ensure the conduct of fair and honest gaming to protect the interests of the citizens of the state of Michigan. Learn more at Michigan.gov/MGCB.
How is the money spent?
![Komorn Law Established 1993-1-540-01](https://komornlaw.com/wp-content/uploads/2024/01/Komorn-Law-Established-1993-1-540-01.jpg)
Komorn Law – Federal Courts and All Michigan Courts
More Posts
![US court upholds ban on selling guns to marijuana card holders](https://komornlaw.com/wp-content/uploads/2016/08/Govenment-stuff-American-Flag.jpg)
US court upholds ban on selling guns to marijuana card holders
SAN FRANCISCO — A federal ban on the sale of guns to medical marijuana card holders does not violate the Second Amendment, a federal appeals court said Wednesday. The ruling by the 9th U.S. Circuit Court of Appeals applies to the nine Western states that fall under...
AVVO Ratings and Reviews Update Aug 2016
Michael Komorn’s reviews 5.0 stars - 23 Total Avvo Rating: 10.0 out of 10 Cases dismissed 5.0 stars Posted by Ryan August 24, 2016 I had two charges in Wayne county. I was facing 6 years in prison. Michael was very informative and reassuring...
![US Dept of Justice letter regarding prosecution for marijuana](https://komornlaw.com/wp-content/uploads/2016/08/Seal_of_the_United_States_Department_of_Justice.jpg)
US Dept of Justice letter regarding prosecution for marijuana
Attorney General Eric Holder's speech regarding dropping mandatory minimums for many drug crimes is already making an impact. Read the letter from the DOJ
![Clio marihuana dispensary fighting Genesee County Prosecutor’s office in court](https://komornlaw.com/wp-content/uploads/2016/08/ABC_12_Clio_Michigan.jpg)
Clio marihuana dispensary fighting Genesee County Prosecutor’s office in court
CLIO (WJRT) - (04/25/16) - A Mid-Michigan marihuana dispensary is fighting the Genesee County Prosecutor's office in court after FANG shut them down. The owner of the Clio dispensary says warrants weren't valid and he wants his business back open. Attorneys...
![New Roadside Drug Test](https://komornlaw.com/wp-content/uploads/2014/08/pic3.jpg)
New Roadside Drug Test
What is the law? The Michigan legislature has passed into law a one-year pilot program set up in five counties that allows for Michigan State Police to perform roadside drug tests. The way this will work is if a driver gets pulled over for a traffic offense, in...
![Why Are Michigan Prosecutors Reassessing Their Cases Against Medical Marijuana Patients?](https://komornlaw.com/wp-content/uploads/2016/07/reason_komorn_law.jpg)
Why Are Michigan Prosecutors Reassessing Their Cases Against Medical Marijuana Patients?
Trying to understand why prosecutors in St. Clair County, Michigan, suddenly decided to drop their case against Ginnifer Hency, a medical marijuana patient and caregiver, and return the property that police seized from her home, I obtained several court documents from...
![Attorney: Crime labs ‘falsified’ marijuana reports](https://komornlaw.com/wp-content/uploads/2015/11/Livingston-Daily-logo.png)
Attorney: Crime labs ‘falsified’ marijuana reports
A Southfield lawyer alleges the Michigan State Police crime labs have “falsified lab reports on marijuana statewide” and he’s asking a judge to dismisses charges lodged against a client. Michael Komorn, who also represents defendants in Livingston County, said...
![Clio marihuana dispensary fighting Genesee County Prosecutor’s office in court](https://komornlaw.com/wp-content/uploads/2016/04/ABC_12_Clio_Michigan_logo.jpg)
Clio marihuana dispensary fighting Genesee County Prosecutor’s office in court
CLIO (WJRT) - (04/25/16) - A Mid-Michigan marihuana dispensary is fighting the Genesee County Prosecutor's office in court after FANG shut them down. The owner of the Clio dispensary says warrants weren't valid and he wants his business back open. Attorneys...
![Medical marijuana patients reunited with son after lengthy court battles, unfounded drug charges](https://komornlaw.com/wp-content/uploads/2015/11/Fox-17-Michigan_Michael_Komorn_Law.png)
Medical marijuana patients reunited with son after lengthy court battles, unfounded drug charges
SPRING LAKE, Mich. -- After 18 months, a Spring Lake family's son is out of foster care and reunited with his parents. Yet the fight to be together, through court battles and serious drug charges despite being card-carrying medical marijuana patients, still haunts...
![Komorn Law Secures Release Of Lorincz Child From CPS in Marijuana Custody Case](https://komornlaw.com/wp-content/uploads/2016/01/Max_Lorincz_KomornLaw.png)
Komorn Law Secures Release Of Lorincz Child From CPS in Marijuana Custody Case
“This is one of those cases in an attorney’s career that is not easily forgotten, and is a reminder to me of the reason I became an attorney.” – Michael Komorn, attorney from Komorn Law and recipient of the Michigan Bar Association Right to Counsel Award for 2015....