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Detroit casino revenue down 2.6% to $119.2m in March


Gross gambling revenue from Detroit’s three commercial casinos fell 2.9% to $119.2m in March compared to the $122.8m that the venues achieved in the previous year.

Table games and slots dominated the total, generating $117.8m as opposed to the $1.4m received from retail sports betting.

During the month, MGM Grand Detroit achieved the highest market share at 46%. This compared to the 30% won by MotorCity Casino Hotel and the 24% attributed to the Hollywood casino at Greektown.

Monthly table and slots revenue fell 2.6% compared to the $120.9m achieved by the casinos the previous year.

Total revenue increased 12.2% when compared with February’s $105m total that it achieved.

In March, Hollywood Casino at Greektown reported a 7.5% year-on-year increase in revenue to $27.6m. This compares with the 2.7% decline experienced by MGM to $54.4m and the 9% fall to $35.8m reported by MotorCity.

The three casinos paid a total of $9.5m in gaming taxes to Michigan for the month, compared to the $9.8m paid in march 2022.

First quarter results   

For the three-month period ending 31 March, the three casinos reported $366.2m in revenue – a 3.4% increase compared to $315.5m recorded in the same period the previous year.

By property, MGM reported a 2.5% year-on-year increase in revenue to $154.7m. This compares to the $97.3m reported by MotorCity, a 0.9% decline.

Hollywood Casino at Greektown also experienced growth on a quarterly as well as monthly basis, growing 11.5% to $74.2m.

For the quarter, the casinos paid $26.2m in gaming taxes as opposed to the $25.6m reported in the first quarter the previous year.