Detroit Casinos’ January Numbers Increase Year-Over-Year

The three casinos had a quality month, led by MGM Grand Detroit
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The trio of Detroit casinos reported $100.9 million in monthly aggregate revenue in January, which marked a 14% increase from January 2021, according to a press release from the Michigan Gaming Control Board.

The comparison is one of the few near apples-to-apples looks in recent years, as COVID didn’t interfere by closing casinos in either January 2021 or 2022, although capacity was limited last year.

MGM Grand Detroit was a big winner last month, with a 49% market share compared to MotorCity’s 30% and Greektown’s 21%. Notable too for MGM was its year-over-year number, which soared by 43% to $48.7 million for January.

Greektown’s year-over-year growth for the month was 4.1%, while MotorCity saw a significant 9.9% drop.

Overall, table games and slots generated nearly $99 million of the revenue, while in-person sports betting kicked in $1.9 million.

The three casinos paid $8 million in taxes for the month to the state of Michigan and an additional $11.8 million to the city of Detroit.

Sport betting numbers

Retail sports betting wasn’t the star it was in January 2021. The main culprit? The advent of online sports betting, which kicked off last year on Jan. 22.

For the month, retail sports betting qualified adjusted gross receipts (QAGR) dropped over 52% compared to January 2021.

Greektown led the way with $929,796 in QAGR, followed by MotorCity at $521,493 and MGM at $481,785. Total handle for the month was a shade under $35.9 million.

The state received $73,070 in taxes from the casinos’ retail sports betting, and the city received $89,308.

Photo: Shutterstock

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