Browse articles by topic

Detroit casino revenue dips slightly in September


The Michigan Gaming Control Board (MGCB) has reported revenue of $110.4m (£81.1m/€95.6m) in September across its three Detroit casinos.

This was a 3.0% drop compared to August, but a 25.5% rise compared to novel coronavirus (Covid-19) hit September 2020, when casinos were operating at 15% capacity.

Detroit’s MGM Grand venue generated the highest monthly gaming revenue out of Detroit’s three casinos, at $48.4m. This was a yearly rise of 34%, but a monthly decrease of 7.3%.

The MotorCity property took in $36.5m in monthly gaming revenue. This was a small decrease of 0.05% compared to August, but a 13.4% increase year-on-year.

The Greektown property brought in $22m in revenue, up 12.4% in comparison to September 2020 and a drop of 6.0% from August.

Table games and slots generated a revenue of $106.9m, while retail sports betting made up the remaining $3.5m.

The MGM Grand property – with a BetMGM sportsbook – held a majority of the market share in September, at 45%. The MotorCity Casino and its FanDuel sportsbook held 34%, while Penn National partner Greektown held a 21% share.

Overall, the casinos reported a total betting handle of $32.5m.

In total, all three casinos paid $8.7m in gaming taxes to the state of Michigan, up by $1.6m year-on-year and down $400,000 from the previous month.

In terms of sports betting adjusted gross receipts, MGM Grand brought in $1.3m. MotorCity generated $1.2m, and Greektown totaled at $883,813.

All three casinos paid $130,885 in retail sports betting taxes to the state of Michigan.

In addition, fantasy operators reported a total adjusted revenue of $920,250.