Detroit casinos generate $110m in September revenue; sports betting soars
Detroit casinos saw September revenue increase 25% year-on-year.
Detroit’s three casinos reported September revenue of $110m, according to figures released by the Michigan Gaming Control Board.
September revenue was down 4.7% from August, up 25% year-on-year and down 2% from September 2019, the most recent comparable year.
Table games and slots accounted for $107m in revenue, a decrease of 4.7% from the month prior.
Casino gaming provided the state with $8.7m in taxes, while the city of Detroit received $16.8m.
MGM Grand Detroit led the three casinos with $48.6m, its highest win since June. However, MGM revenue was down 7.3% from August.
MotorCity Casino finished runner-up with $36.5m, its lowest revenue since February when casinos were still operating at reduced capacity. Revenue was less than 1% down from August.
Greektown Casino earned win of $22m for a 6% decrease from the prior month and its lowest monthly revenue since February.
Sportsbooks fared well in September thanks to the return of the NFL and college football, earning revenue of $3.5m. Detroit’s brick-and-mortar sports betting revenue was up 110% from August.
Handle reached $32.5m for a 100% improvement from August.
BetMGM led the market with $1.3m in revenue, followed by FanDuel/MotorCity with $1.2m and Barstool/Greektown with $883,000.
Detroit’s casinos are located within a short distance of the Detroit Lions’ Ford Field. The Lions played two home games in September.
Sportsbooks also benefited from the state’s two biggest college football programs, Michigan and Michigan State, which both went undefeated in September.
The Michigan Gaming Control Board reports online sports betting figures separately.
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