Detroit Casinos Report $104.8M in January Revenue

The Michigan Gaming Control Board has released revenue figures for Detroit’s three casinos in January, showing a total of $104.8 million. While revenue from table games and slots increased year-over-year, total earnings saw a month-over-month decline compared to December.

Slot and Table Game Revenue Sees Yearly Growth

In January, revenue from table games and slots at Detroit’s casinos reached $102.3 million, reflecting an 8.9% increase from the same month last year. However, revenue fell 6.4% compared to December’s figures.

MGM maintained its lead in market share, holding 48% for the month. MotorCity followed with 30%, while Hollywood Casino at Greektown accounted for 22%. Hollywood Casino at Greektown earned nearly $21.8 million, down 2% from December. Meanwhile, MGM reported a strong performance with a 12.1% increase in revenue, reaching $49.9 million. MotorCity also saw growth, with revenue rising 12.8% to $30.6 million.

Detroit’s casinos contributed significantly to state and city taxes in January. They paid approximately $8.3 million in gaming taxes to Michigan and an additional $12.2 million in wagering taxes and development payments to the city.

Retail sports betting also played a role in January’s revenue. The three casinos recorded a total handle of $19.4 million, generating $2.5 million in gross receipts. The qualified adjusted gross receipts (QAGR) for January showed a $2 million increase compared to the same period last year.

Hollywood Casino at Greektown led in sports betting activity, reporting a QAGR of $871,455, securing its position as the top performer in this segment.

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