Detroit Casinos Finish Third Quarter In A Slump

Written By Nicholaus Garcia on October 13, 2022
Detroit casino revenue down in third quarter

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 
Nicholaus Garcia Avatar
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Nicholaus Garcia

Nick Garcia is a senior reporter for PlayUSA. Garcia provides analysis and in-depth coverage of the gambling industry with a key focus on online casinos, sports betting and financial markets. Garcia has been covering the US gambling market since 2017. He attended Texas Tech University as an undergrad and received a Master of Arts in Journalism from Columbia College Chicago.

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