Detroit’s September casino revenue dips 1.7% to $101.6m
Overall, slot and table game revenue has increased by 0.6% year-to-date, but decreased 0.8% for September.
The Michigan Gaming Control Board (MGCB) has reported that its three commercial casinos in Detroit brought in $106.6m in monthly aggregate revenue, after iGaming in the state rose to $166.4m the same month. MGM Grand Detroit held 44% of the market share, while MotorCity Casino Hotel held 31% and Hollywood Casino at Greektown held 25%.
The market share percentages are largely consistent year-on-year, though previously MGM held 48%, MotorCity held 31% and Hollywood Casino held 21%. Revenue generation for MGM was down 7.6% to $44.7m, MotorCity was down 1.1% to $31m, but Hollywood Casino rose 15.1% to $24.3m.
September’s table game and slot revenue have decreased by 0.8%, but tables and slots still made up $100m of the casino revenue total. Year to date, however, Detroit’s slots and table game revenue has increased 0.6% from January-September 2022.
Retail sports betting accounted for $1.6m of the month’s total. In September 2022, however, retail sports betting generated $2.6m. Handle for the month was $18.1m, while September 2022 had a handle of $18.6m.
The state of Michigan was paid $8.1m in gaming taxes, down slightly from the $8.2m paid in September last year. Sports betting tax revenue reached $72,763 in wagering taxes, paid to the City of Detroit.
Recently, many of Detroit’s casino workers have gone on strike, receiving support from the Detroit City Council.
Employees are picketing over wages that have not increased with inflation, lost healthcare benefits and job security. The workforce has also been cut by 1,500 employees since a September 2020 contract extension agreement.
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