December 9, 2020 Sports Betting, Casino, eSports, Online

Detroit casinos earn sports betting revenue of $2.3m for November

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Detroit, Michigan’s three commercial casinos brought in sports betting revenue of $2.3m for November, a figure hampered by casino closures over the last two weeks of the month.

Sports betting revenue was down 69% from October, when the casinos earned record revenue of $7.6m. November handle fell 46% from the prior month to $25m.

The precipitous drop in handle and revenue was the result of a Covid-19 related casino closure order implemented on 17 Nov lasting through 8 Dec. Even before the closure, casinos had been operating at just 15% capacity since reopening in July.

Motorcity Casino’s sportsbook led the way in revenue for the second consecutive month by earning $1.1m in revenue, followed by Greektown Casino ($645,000) and MGM Grand Detroit ($561,000).

MGM Grand Detroit finished last in revenue despite bringing in the most handle at $10.5m. The sportsbook’s high handle and low hold was likely the result of extensive promotions.

Detroit’s commercial casinos were set to reopen Wednesday, which should give the retail sportsbooks some much-needed life.

Michigan is still working on licensing and launching online sports betting. The latest suggested start date is mid-January, which would put the state on track for sports wagering ahead of the Super Bowl.

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