Detroit casinos amassed $101.6 million in revenue between sports betting, slots, and table games in September, according to the latest data from the Michigan Gaming Control Board (MGCB).
The figure is down 4.4% compared to August 2023 gaming revenue in Detroit and down 0.6% compared to September 2022.
September’s slots and table game numbers brought an end to a nine-month streak of $100 million monthly table game and slots revenue.
Comparing casino revenue numbers in September
In September, Detroit’s three casinos generated $99,991,384 in revenue from its table games and slot machines. It was only the fifth time revenue fell below $100 million since January 2022.
|Casino||August 2023 Revenue||September 2023 Revenue||% Change, Month-on-Month||% Change, Year-on-Year|
|MGM Grand Detroit||$49,465,229||$44,725,626||-9.58%||-7.6%|
|MotorCity Casino Hotel||$30,724,943||$30,998,513||0.89%||-1.1%|
|Hollywood Casino at Greektown||$24,387,508||$24,267,245||-0.49%||15.1%|
The three casinos paid $8.1 million in taxes to the state, according to the MGCB.
Looking ahead to next month we may not be surprised to see revenue dip again with the Detroit casino workers currently on strike.
How Detroit casinos fared year-on-year
Compared to September 2022, Detroit casinos performed better this year than they performed monthly.
Last September, casinos posted $100,818,011 in revenue. This time around, that total dropped 0.82% to $99,991,384:
|Month||MGM Grand Detroit Year-on-Year Growth (%)||MotorCity Casino and Hotel Year-on-Year Growth (%)||Hollywood Casino at Greektown Year-on-Year Growth (%)|
The chart indicates that MGM Grand and MotorCity are still scrambling for positive annual revenue growth. Neither casino has posted annual gains since February.
Meanwhile, the MGCB’s September 2023 revenue report shows Hollywood Casino at Greektown is yet to post a negative year-on-year total in 2023.
Retail sports betting revenue falls, too
The city’s three casinos saw a considerable 39.4% drop in retail (bets made at physical locations) revenue year-on-year. This past month, the three properties amassed $18.1 million in handle and $1.6 million in revenue.
Though revenue fell year on year, it was up $1.3 million over August due to the start of the NFL and NCAA seasons.
- MotorCity (FanDuel) led the way with more than $875,000 in revenue
- Followed by Hollywood Casino at Greektown with $655,816
- Lastly MGM Grand posted $43,528 in September revenue