Detroit Casinos Hold Their Own In October

Despite online competition, Detroit's brick-and-mortar casinos continued to post impressive numbers
Detroit Casinos
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Detroit’s three casinos are continuing to put COVID in their rearview mirrors, as October revenue was at $114.1 million, just a shade under what October 2019 looked like at $115.7 million. (The 2020 October number was marred by capacity restrictions at the casinos.)

Of course, there are two big differences between October 2021 and October 2019: For one, sports betting is now legal, and netted the trio of casinos $2.6 million in revenue. Secondly, there were no online casinos in Michigan two years ago.

As for total market share, MGM Grand Detroit won the month with 47%, with MotorCity Casino Hotel taking in 33% and Greektown Casino-Hotel taking home 20%.

On the sports betting side, numbers tailed off rather dramatically, down 23.6% from September’s figures. Total handle was $34.2 million and total gross receipts stood at $2.6 million.

MGM led the pack with $1.39 million in qualified adjusted gross receipts (QAGR), followed by MotorCity at $671,009 and Greektown at $588,847. Year to date, MotorCity is pacing the field with $7.4 million in QAGR, followed by MGM at $7.1 million and Greektown at $7 million.

For the month of October, the three casinos paid $99,977 in state taxes and another $122,194 in retail sports betting taxes to Detroit.

Casino numbers strong

On the casino side, things took a brighter turn, with revenue up 4.2% from September. 

MGM again led the way here, with $52.7 million in gaming revenue in October. MotorCity took silver with $36.9 million and bronze went to Greektown with $21.9 million. The three casinos paid $9 million in gaming taxes to the state and another $13.8 million to Detroit over the month’s 31 days.

Lastly, the state’s fantasy contest operators reported total adjusted revenue of $1.58 million and over $132,000 in taxes paid in October.

Photo: Shutterstock

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