The Three Detroit Casinos Have A (New) Normal-ish January Despite Coronavirus Restrictions

Despite limitations on how many visitors can be on the casino floor, the three Detroit casinos managed to do pretty well, year-over-year.
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Despite capacity limits still being firmly in place, the three Detroit casinos managed to “only” be off a little under 28% year-over-year for the month of January, according to numbers released today by the Michigan Gaming Control Board.

In total, the three casinos — MGM, MotorCity, and Greektown — reported $90.84 million in monthly revenue, with table games and slots accounting for $86.78 million and the sportsbooks bringing in $4.06 million.

Market share broke down accordingly: MGM, 38%, MotorCity, 38%, and Greektown, 24%.

Sportsbook numbers impress

On the sportsbook front, the three brick-and-mortar casinos had a handle of $35.68 million, for an 11% hold.

Retail sports betting qualified adjusted gross receipts for January were as follows: MGM, $863,439, MotorCity, $1.56 million, and Greektown, $1.63 million.

In total, the three casinos paid $153,586 in taxes to the State of Michigan on retail sports betting revenue during January, and paid the city of Detroit $187,716.

While these sportsbook numbers are of course of note, all eyes will be on next week’s release of the first batch of online sportsbook figures. Online sportsbooks debuted in Michigan on Jan. 21, and the MGCB is expected to announce the first few weeks of results early next week. The breakdown is expected to include how each individual online sportsbook performed in the weeks after launch.

MotorCity comes closest to ‘normal’

On the table and slot side, revenue at MGM came in at $34 million for the month of January, MotorCity at $33.2 million, and Greektown at $19.6 million. MotorCity saw the smallest decline year-over-year, with “only” a 20.7% drop compared to January of last year.

The three Detroit casinos paid $7 million in gaming taxes to the state of Michigan and an additional $10.3 million to the city of Detroit.

The three Detroit casinos were allowed to reopen on Dec. 23 after being closed since Nov. 18 due to coronavirus restrictions. Capacity limits were, and remain, set at 100 people per defined space, and with numerous “defined spaces” within all the casinos, things have returned to — at least for the moment — what might be best described as “coronavirus normal,” with face masks mandatory, no smoking, temperature checks, social distancing, and plenty of plexiglass.

Dining had been banned at the casinos, but that order was lifted by Gov. Gretchen Whitmer on Feb. 1, though numerous restrictions remain in place.

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