Detroit casinos experienced a slight revenue decline to close out the third quarter. In September, Michigan‘s three commercial casinos generated $103.4 million in aggregate revenue and finished Q3 (July – September) with a 7% decline.
September Detroit casino revenue numbers
According to data released by the Michigan Gaming Control Board, revenue for slot machines and table games was down 5.7% from September 2021 and 3.5% from August.
Detroit’s three casinos are MGM Grand Detroit, MotorCity Casino Hotel and Hollywood Casino Greektown.
Monthly table game and slot revenue by property:
- MGM – $48.4 million (up 0.01% from Sept. 2021)
- MotorCity – $31.3 million (down 14.2% from Sept. 2021)
- Hollywood Casino at Greektown – $21.1 million (down 4.3% from Sept. 2021)
Combined, all three properties generated $100.8 million in revenue from table games and slots. Last month, the casino also added another $2.6 million in revenue from retail sports betting. As a result, the three Detroit casinos paid $8.2 million in gaming taxes, down from $8.7 million in September 2021.
Additionally, all three casinos reported submitting $12.5 million in sports betting taxes.
As far as market share leader goes, the top honor belongs to MGM, with a 48% market share.
September market shares were:
- MGM – 48%
- MotorCity – 31%
- Hollywood Casino at Greektown – 21%
Q3 revenue results for Detroit casinos
Third-quarter gaming revenue by property was down when compared to Q3 2021.
- MGM – $150 million (down 2.9% from Q3 2021)
- MotorCity – $98.5 million (down 11.7% from Q3 2021)
- Hollywood Casino at Greektown – $62.8 million (down 8.8% from Q3 2021)
For the quarter, the three casinos paid $25.2 million in gaming taxes to the state compared to the $27.1 million during the same period last year.
Sports betting revenue
Surprisingly, Michigan retail sports betting revenue was also down 24.9% in September compared to last year.
For September, the three casinos generated $18.6 million in sports betting handle, translating to $2.6 million in revenue. Retail sports betting contributed $98,257 in gaming taxes compared with $130,885 in September 2021.
Detroit received $120,091 in retail sports betting taxes for the month.
Year-to-date aggregate retail sports betting adjusted gross revenue:
- MGM – $4 million
- MotorCity – $3.6 million
- Hollywood Casino at Greektown – $5.7 million