In March, Detroit’s three casinos generated an impressive $123.86 million in revenue, as reported by the Michigan Gaming Control Board.
This figure includes a 3.8% increase in table game and slots revenue year-over-year, totaling $122.26 million.
While retail sports betting contributed $1.6 million to revenue.
Revenue of more than US$9.9 million from casinos
MGM Grand Detroit Casino led the market with a 46% share. However, there was a 4.1% drop in revenue compared to the previous year, totaling US$56.65 million.
But MotorCity Casino, with 31% market share, saw its gaming revenue increase 7.2% to $38.35 million.
The Hollywood Casino in Greektown, with a 23% share, saw its profits decline and its revenue fell 1.4%. In any case, it made a total of US$27.26 million.
Detroit casinos paid $9.9 million in gaming taxes to the state of Michigan. There was an increase compared to the US$9.5 million paid in the same month last year.
Additionally, the ventures reported sending $14.5 million in gambling tax and development agreement payments to the city of Detroit.
So when it comes to retail sports betting, Detroit’s three casinos saw a combined $17.25 million. Gross sports betting revenue was $1.61 million.
Therefore, adjusted gross revenues increased by 13.2% compared to the same month last year. These numbers show the growth potential and strength of the betting market in Detroit.
