In September 2024, Detroit’s three casinos achieved a combined revenue of $101.98 million. The majority, $101.23 million, came from table games and slot machines, while retail sports betting added $755,519 to the total. This performance highlights the steady contribution of traditional gaming to Detroit’s gambling market.
Casino Market Share and Yearly Comparisons
MGM dominated with a 47% market share, bringing in $47.68 million, which marked a 6.6% increase compared to September 2023. MotorCity Casino followed with a 31% share, showing a slight growth of 0.5%, reporting $31.17 million. Hollywood Casino at Greektown experienced a downturn, reporting $22.38 million, a 7.8% drop from the previous year. Despite varying individual performances, overall revenue for table games and slots rose by 1.2% year-over-year, though it fell by 8.6% from August 2024.
Retail sports betting, however, faced challenges. The total handle reached $22.02 million, but qualified adjusted gross receipts (QAGR) plummeted. QAGR dropped by 52% from September 2023 and by 55.4% from August 2024. MGM led in this sector, posting $601,794 in sports betting revenue. Hollywood Casino at Greektown followed with $141,908, while MotorCity reported a significantly lower $11,817.
Fantasy contests also added to Detroit’s gaming ecosystem. In August 2024, operators generated $613,448 in adjusted revenues, contributing $51,530 in taxes to the state. Despite the downturn in sports betting, these figures demonstrate Detroit’s casinos remain key players in the local economy, contributing millions in taxes to Michigan and Detroit.
The post Detroit Casinos Generate $101.98M in September 2024 appeared first on iGaming.org.