Detroit Casino Revenue Climbs In February, Tops $105M

Written By Katarina Vojvodic on March 14, 2023
February 2023 Revenue Michigan Casinos

The three Michigan casinos in Detroit reported a combined $105.5 million in monthly aggregate revenue for February.

The Michigan Gaming Control Board reported that table games and slots generated $105 million in monthly revenue. That’s a 9.8% increase compared to February 2022’s $95.6 million and a 1.6% increase over January’s $103.4 million.

Meanwhile, retail sports betting produced $458,752, well ahead of negative results from last year.

Revenue for 3 Michigan casinos in Detroit rise compared to 2022

All three Detroit casinos reported year-over-year revenue increases coming from table games and slots. Market shares during February were:

  • MGM Grand Detroit, 47% (with $50 million)
  • MotorCity Casino, 30% (with $31.2 million)
  • Hollywood Casino at Greektown, 23% (with 27.3 million)

For February, the three Detroit casinos combined paid $8.5 million to the state gambling tax. The figure compares to the $7.7 million paid in February 2022. Three facilities also collected $12.5 million in gambling taxes and development agreement payments to the City of Detroit.

Compared to February last year, monthly gaming revenue climbed for all three Michigan casinos as follows:

  • MGM increased 8.2% to $50.1 million
  • MotorCity’s monthly revenue rose 7.9% to $31.2 million
  • Greektown’s monthly revenue went up 16.3% to $23.7 million

Retail sports betting handle at Detroit casinos continues to fall

As for retail sports betting, qualified adjusted gross receipts (QAGR) rose by $1.3 million from $875,552 reported a year ago. Total gross receipts were $475,913. The results also climbed by $347,729 compared with January’s $111,023.

The total betting handle for February was $12.2 million, a significant decrease from nearly $25.4 million generated a year ago. February 2023 was the third lowest total month (after August 2022 and December 2020) since Michigan launched sports betting in 2020.

Detroit casinos paid $17,341 in state taxes. That compares to zero collected during February 2022, when the casinos reported negative QAGR.

Gaming facilities also submitted $21,194 in gambling taxes to the City of Detroit in January.

Photo by PlayUSA
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Katarina Vojvodic

Katarina Vojvodic is a lead writer for PlayUSA who lives in Toronto. Vojvodic provides coverage of the US gambling industry with a focus on US online casinos. Previously, she covered Ontario’s online gambling industry for Vojvodic holds a master’s degree in journalism from the University of Belgrade. Outside working hours, she can be found near the water with her husband and their two kids.

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