Home > Finance > Detroit casino revenue slips to $101.6m in September

Detroit casino revenue slips to $101.6m in September

| By Robert Fletcher
The three commercial casinos in Detroit, Michigan posted $101.6m in revenue in September, down on the same month last year and lower than August’s total.
Detroit November

Monthly aggregate revenue in Detroit was 1.7% lower than $103.4m September of 2022. It was also 3.2% behind $104.9m in August of this year.

Of this total, some $100.0m came from table games and slots, a 0.8% decline from last year and down 4.4% from August.

Retail qualified adjusted gross receipts (QAGR) in September amounted to $1.6m. This was 39.4% less than the previous year but 396.6% ahead of just $322,186 in August this year. Betting handle for the month amounted to $18.1m.

MGM leads in Detroit with 44% market share

Looking at individual casino performance, MGM remains the market leader in Detroit by some distance. MGM had a market share of 44% in September, with $44.7m in table games and slots revenue and $43,528 in sports betting QAGR.

MotorCity placed second with a market share of 31%. The casino posted $31.0m in table games and slots revenue, as well as retail betting QAGR of $875,616.

Hollywood Casino at Greektown followed with 25% of the Detroit market share. It reported $24.3m in revenue from table games and slots and betting QAGR of $655,816.

The three casinos paid a total of $8.1m in casino games-related tax to the state of Michigan. A further $12.3m in wagering and development agreement payments were sent to the city of Detroit.

Sports betting taxes of $59,533 were paid to the state and $72,763 to the city of Detroit.

Online casino hike offsets sports betting dip in September

The land-based results come just days after Michigan also published online gambling data for the month of September.

Gross internet gaming and sports betting receipts from commercial and tribal operators hit $210.4m in September.

Online casino remains the primary source of igaming revenue in Michigan. Gross receipts in this segment amounted to $166.4m, up 29.3% on last year.

In contrast, sports betting gross receipts slipped 8.0% to $44.0m for the month. This is despite handle increasing by 25.6% to $457.7m

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