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
![Oklahoma’s wild marijuana market is about to shrivel](https://komornlaw.com/wp-content/uploads/2023/12/Oklahoma-Weed-Riders.jpg)
Oklahoma’s wild marijuana market is about to shrivel
The world's weed market, once booming with nearly 14,000 licensed medical marijuana businesses at its peak, has experienced a steady decline since Oklahoma voters overwhelmingly rejected a recreational legalization referendum in March. Heightened enforcement by state...
![400K settlement after being arrested for a DUI, even though he passed breath and blood tests](https://komornlaw.com/wp-content/uploads/2023/12/Wrongly-arrested-for-DUI.jpg)
400K settlement after being arrested for a DUI, even though he passed breath and blood tests
A Colorado man is poised to receive a $400,000 settlement from city authorities after being wrongfully arrested for a DUI, even though he had passed both a breath and blood test.According to the complaint, Elias was driving southbound on College Avenue in Fort Collins...
![When Being Questioned by the Police: Can They Lie to You?](https://komornlaw.com/wp-content/uploads/2023/11/When-being-questioned-by-the-police-Can-they-lie-to-you.jpg)
When Being Questioned by the Police: Can They Lie to You?
When Being Questioned by the Police: Can They Lie to You? Introduction In the United States, police officers are generally allowed to lie to suspects during interrogations. This is a controversial practice, but it has been upheld by the Supreme Court. There are some...
![Ohio Bill Introduced to Allow Each City to Ban Marijuana](https://komornlaw.com/wp-content/uploads/2023/11/Yes-no.jpg)
Ohio Bill Introduced to Allow Each City to Ban Marijuana
With just over a week until Ohio’s voter-approved marijuana legalization law takes effect, a lawmaker has introduced a bill that would allow individual municipalities to locally ban the use and home cultivation of cannabis in their jurisdictions. The legislation aims...
![NEWS RELEASE: USSC Adopts 2023 Amendments](https://komornlaw.com/wp-content/uploads/2023/07/Federal-Court-System.jpg)
NEWS RELEASE: USSC Adopts 2023 Amendments
WASHINGTON, D.C. ― Equipped with a quorum of Commissioners for the first time since 2018, the bipartisan United States Sentencing Commission voted today to promulgate amendments to the federal sentencing guidelines. “The Sentencing Commission is back in business,”...
![Bad Ranking For Transparency in the Michigan Justice System](https://komornlaw.com/wp-content/uploads/2023/11/FAIL.jpg)
Bad Ranking For Transparency in the Michigan Justice System
by Wes Smith, president, MPA Board of DirectorsPublisher View Newspaper Group When there was a change in leadership in Michigan’s legislature earlier this year, hope rose again in the hearts of citizens who want a more transparent state government. Maybe, it was...
![Ohio voters say yes to legal recreational cannabis](https://komornlaw.com/wp-content/uploads/2023/11/Ohio-legalizes-marijuana-11-7-23.jpg)
Ohio voters say yes to legal recreational cannabis
Recreational marijuana has been legalized in Ohio as voters overwhelmingly approved State Issue 2 on Tuesday. This groundbreaking decision now enables adults in Ohio to legally experience the advantages of marijuana for recreational purposes. “Marijuana is no longer a...
![Smell of Marijuana is Not Enough to Search Your Vehicle or is it?](https://komornlaw.com/wp-content/uploads/2023/11/The-sweet-smell-of-cannabis.jpg)
Smell of Marijuana is Not Enough to Search Your Vehicle or is it?
The Smell of Marijuana and the Court of Appeals Body camera footage is an invaluable resource for courts facing suppression motions, but it rarely serves as a stand-alone source of information about a warrantless search or seizure. Here, the trial court was hamstrung...
![Commission Votes For Retroactive Sentencing](https://komornlaw.com/wp-content/uploads/2023/11/Better-call-Komorn-Law.jpg)
Commission Votes For Retroactive Sentencing
U.S. SENTENCING COMMISSION VOTES TO ALLOW RETROACTIVE SENTENCE REDUCTIONS AND ANNOUNCES ITS NEXT SET OF POLICY PRIORITIESVote Authorizes Judges to Reduce Sentences for Eligible Incarcerated Persons Beginning February 1, 2024 Should Guidelines Become...
![THC Detection in Blood: Challenges and Implications](https://komornlaw.com/wp-content/uploads/2023/10/THC-Detection-in-Blood-Challenges-and-Implications.jpg)
THC Detection in Blood: Challenges and Implications
THC Detection in Blood: Challenges and Implications When it comes to enforcing drugged driving laws, police and employers face a unique challenge with marijuana. Unlike alcohol, which is metabolized and eliminated relatively quickly, THC, the psychoactive compound in...