Detroit casinos report February revenue of $86.4m, down 29% y-o-y

Detroit’s three commercials casinos reported February revenue of $86.4m for a year-on-year decline of 29%.

Revenue was nearly identical to January, when casinos earned $86.8m.

The properties operated in February under 25% capacity due to Covid-19 health order imposed by Michigan Gov. Gretchen Whitmer. Casino capacity was increased to 30% last week.

MGM Grand Detroit edged out Motorcity Casino for top place in February, bringing in $34.4m versus Motorcity’s $31.2m. MGM was up 1.4% from January but down 34.6% y-o-y. Motorcity revenue fell 22.9% y-o-y and dropped 5.8% from the month prior.

Greektown Casino placed a distant third with revenue of $20.8m, down 27.3% y-o-y but an improvement of 5.8% from January.

Retail sportsbooks were hit the hardest, as collective sports betting revenue was -$78,000. Most of those losses were incurred by Motorcity, which took a $183,000 loss despite state-leading handle of $11.2m. Motorcity’s handle was down 24.5% from the month prior.

MGM saw revenue of -$8,800 upon $6.7m of handle. Wagers fell 42.5% at MGM between January and February.

Greektown was the only casino to see positive net revenue last month as its sportsbook earned $115,000 on $5.8m of wagers. Handle fell 36.8% at Greektown from the month prior.

Michigan is expected to release February online sports betting and iGaming revenue in the next few weeks.

Ezra Amacher

Visit Profile

Players trust our reporting due to our commitment to unbiased and professional evaluations of the iGaming sector. We track hundreds of platforms and industry updates daily to ensure our news feed and leaderboards reflect the most recent market shifts. With nearly two decades of experience within iGaming, our team provides a wealth of expert knowledge. This long-standing expertise enables us to deliver thorough, reliable news and guidance to our readers.