{"id":8797,"date":"2025-03-12T08:43:40","date_gmt":"2025-03-12T08:43:40","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2025\/03\/12\/detroit-casinos-report-98-8m-revenue-in-february-down-5-6-year-over-year\/"},"modified":"2025-03-12T08:43:40","modified_gmt":"2025-03-12T08:43:40","slug":"detroit-casinos-report-98-8m-revenue-in-february-down-5-6-year-over-year","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/03\/12\/detroit-casinos-report-98-8m-revenue-in-february-down-5-6-year-over-year\/","title":{"rendered":"Detroit Casinos Report $98.8M Revenue in February, Down 5.6% Year-Over-Year"},"content":{"rendered":"<div>\n<p>The three casinos in Detroit generated a total of $98.8 million in revenue in February 2025, according to data released by the Michigan Gaming Control Board (MGCB). In comparison to the same month in 2024, this is a 5.6% decline.<\/p>\n<p>Despite having $46.4 million in gaming income, MGM Grand Detroit witnessed a 5.9% drop in revenue from the previous year. While Hollywood Casino in Greektown reported $23.2 million, a lower loss of 2.7%, MotorCity Casino Hotel pulled in $28.4 million, down 10.1%.<\/p>\n<p>The majority of income ($98 million) came from table games and slots. With a total betting handle of $8.2 million, retail sports betting only made $815,600. This number is a sharp 37.9% drop from February 2024.<\/p>\n<h2 data-start=\"991\" data-end=\"1049\"><strong data-start=\"995\" data-end=\"1047\">Tax Contributions and Sports Betting Performance<\/strong><\/h2>\n<p data-start=\"1051\" data-end=\"1318\">Despite the overall downturn, the casinos collectively paid $7.9 million in state gaming taxes, slightly lower than the $8.5 million from the previous year. Additionally, they submitted $11.7 million in wagering taxes and development agreement payments to the city.<\/p>\n<p data-start=\"1320\" data-end=\"1520\">Among the three properties, MotorCity Casino Hotel led retail sports betting revenue with $566,300. MGM Grand Detroit followed with $202,100, while Hollywood Casino at Greektown contributed $47,200.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"BetUS\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/BetUS.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"BetUS\" target=\"_blank\" rel=\"nofollow\">BetUS<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of up to $2,500<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino &#038; Sports<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p data-start=\"1522\" data-end=\"1704\">In contrast, retail sports betting revenue showed an improvement over last year. In February 2024, the casinos reported a negative revenue of $124,900 due to poor betting outcomes.<\/p>\n<p data-start=\"1751\" data-end=\"1912\">Apart from casino gaming, fantasy contest operators reported $1.3 million in adjusted revenue for <a href=\"https:\/\/igaming.org\/casino-news\/detroit-casinos-report-104-8m-in-january-revenue\/\">January 2025<\/a>. They also paid $109,500 in taxes for the month.<\/p>\n<p data-start=\"1914\" data-end=\"2131\" data-is-last-node=\"\" data-is-only-node=\"\">Detroit\u2019s casino market continues to face challenges, with declining retail betting and gaming revenue. However, steady tax contributions and improved sports betting margins show resilience despite economic pressures.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/detroit-casinos-report-98-8m-revenue-in-february-down-5-6-year-over-year\/\">Detroit Casinos Report $98.8M Revenue in February, Down 5.6% Year-Over-Year<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The three casinos in Detroit generated a total of $98.8 million in revenue in February 2025, according to data released by the Michigan Gaming Control Board (MGCB). In comparison to the same month in 2024, this is a 5.6% decline. Despite having $46.4 million in gaming income, MGM Grand Detroit witnessed a 5.9% drop in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-8797","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=8797"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/8797\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=8797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=8797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=8797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}