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Detroit casino revenue reaches $121.7m in February


Commercial casinos in Detroit, Michigan, generated $121.7m in revenue during February, a year-on-year increase of 6.3%.

The February amount also represents an increase of 1.5% from the total revenue generated in January this year, when the city’s three commercial casinos took in $120.0m.

MGM Grand Detroit remained the market leader with $52.6m in revenue, up by 6.4% on last year and representing 43.0% of the overall market.

MotorCity Casino followed in second with $40.5m in revenue, a year-on-year rise of 4.7% and accounting for 33.0% of all casino revenue in February.

Greektown Casino ranked third with 24.0% of the market share, as revenue for the facility amounted to $28.6m, up 8.3% from February 2019.

The three casinos paid $9.9m in gaming taxes to the state of Michigan during February, compared to $9.3m in the same month last year last year. In addition, the casinos submitted $14.5m in wagering taxes and development agreement payments to the city of Detroit in February.

Revenue at the three casinos is likely to continue to increase, with the Michigan Gaming Control Board revealing that regulated sports betting is set to begin in the state this week.

Detroit’s three commercial casinos could launch as early as 1pm today (March 11), subject to approval by the Gaming Control Board.

The Control Board met yesterday to discuss final approval for the casinos, but the regulator is yet to make a formal announcement on the matter. However, the three casinos have already met the preliminary requirements for going live, it said.