Michigan A Top Gambling Jurisdiction As Ranked By American Gaming Association

Written By Dave Briggs on February 23, 2024 - Last Updated on February 28, 2024
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Numbers released this week by the American Gaming Association show Michigan is one of the country’s most successful gambling jurisdictions.

The AGA’s Gaming Revenue Tracker reported on 2023 numbers and revealed Detroit is one of the country’s top 10 casino markets, despite a six-week workers’ strike in October and November.

Detroit’s commercial success combines with Michigan already being a top-3 online casino market in the country as well.

Detroit casinos maintain 8th ranking despite strike

When it comes to Detroit casinos, the Gaming Revenue Tracker report noted the workers’ strike led to a 2.7% decline in Michigan’s revenue.

Yet, despite a decline in revenue from $1.275 in 2022 to $1.24, Detroit casinos maintained the eighth spot in the AGA’s ranking of the top 10 commercial casino markets by 2023 revenue:

  1. Las Vegas strip — $8.83 billion
  2. Atlantic City — $2.86 billion
  3. Chicagoland — $2.19 billion
  4. Baltimore-Washington DC — $2.o8 billion
  5. Gulf Coast — $1.59 billion
  6. Queens/Yonkers — $1.54 billion
  7. Philadelphia — $1.37 billion
  8. Detroit — $1.24 billion
  9. St. Louis — $1.07 billion
  10. Boulder Strip — $964.7 million

When it comes to all commercial gambling in 2023, the AGA said Michigan had total revenue of $3.58 billion, up 9.9% from 2022. That figure does not include financial information from Michigan’s 24 tribal casinos, which have yet to report 2023 numbers.

AGA: All gambling sectors set revenue records in 2023

Across the nation, the report indicates that “each of the primary verticals within the gaming industry” — slots, table games, online casinos (also known as iGaming) and sports betting — set revenue records in 2023.

“Casino slots and table games collectively generated $49.36 billion in revenue, a 3.3% increase compared to 2022,” the AGA said.

“Meanwhile, sports betting continued to see significant growth, increasing 44.5% from 2022 and reaching $10.92 billion in revenue. iGaming revenue also had another strong year, expanding 22.9% year-over-year.

“Total revenue from land-based casino games, sports betting and iGaming reached $66.52 billion for the calendar year, a 10% increase over the previous record set in 2022.”

Retail gambling accounted for more than 75% of total revenue in 2023

The numbers also back up a recent EKG study that reported that online gambling does not cannibalize retail gambling.

The AGA noted that, “Despite the continued expansion of online gaming, in-person gaming remains the bedrock of the industry. Commercial land-based gaming, encompassing casino slot machines, table games and retail sports betting, accounted for $50.02 billion, or 75.3%, of the total revenue in 2023.”

Also, total gambling taxes in the US in 2023 were some $14.4 billion for state and local governments. That’s up 9.7% over 2022.

Though, the report cautioned that, “It’s important to note that these gaming tax figures include state and local taxes directly linked to gaming revenue, which are reported on a monthly or quarterly basis. They do not include annual fees or sports betting excise tax payments to the federal government. Additionally, these figures do not encompass the billions more paid by the industry in terms of income, sales, payroll and various corporate taxes.”

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Dave Briggs

Dave Briggs is a managing editor and writer for Catena Media. His expertise is covering the gambling industry in Michigan with an emphasis on online casino, online sports betting and horse racing sectors. He is currently reporting on the gambling industries in Michigan, Pennsylvania and Canada.

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