The most recent income statistics for Detroit’s casinos were made public by the Michigan Gaming Control Board, and they show a healthy increase in gaming and betting activity. The cumulative revenue for October at the city’s three casinos—MGM, MotorCity, and Hollywood Casino at Greektown—was $102.9 million. This amount represents a notable increase in profits from slot machines and table games, which brought in over $103.7 million. However, there was a minor drop in retail sports betting, with the casinos as a whole reporting a loss of more than $0.8 million in this area.
Casino Revenue Highlights
The overall revenue for October represents a 2.6% increase compared to September, with table games and slots showing the strongest performance. The revenue from these games rose by 26.9% year-over-year, indicating growing interest and engagement in traditional casino offerings.
MGM Casino led the market once again, claiming 48% of the city’s total market share. The casino saw a notable 32.4% increase in revenue, reaching $49.4 million for the month. MotorCity Casino followed with a strong performance, posting nearly $31.7 million in revenue—a 26.7% rise from the previous month. Hollywood Casino at Greektown rounded out the top three, with a revenue of approximately $22.6 million, up 16.5% from September.
While the overall performance in traditional gaming was robust, retail sports betting struggled. The three casinos collectively recorded a total handle of $22.2 million, but this resulted in a loss of over $0.8 million in gross receipts. Qualified adjusted gross receipts (QAGR) for sports betting fell by $2 million year-over-year, highlighting the volatility in this segment. Hollywood Casino at Greektown led in sports betting activity for the month, with a QAGR of $175,905.
Detroit’s casinos continued to contribute significantly to local and state revenue, paying nearly $8.4 million in gaming taxes. Additionally, the city received $12.8 million in wagering taxes and development agreement payments, further demonstrating the economic impact of the gaming industry.
Despite the challenges in sports betting, October was a strong month for Detroit’s casinos, with continued growth in traditional gaming revenues and substantial contributions to local and state finances.
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