Detroit casinos report $104.8m in combined January revenue
Revenue increased year-over-year but experienced a month-over-month dip.
Key Points
- MGM was the top casino revenue earner last month
- Hollywood Casino at Greektown had the highest sports betting revenue
The Michigan Gaming Control Board has published its Detroit casino revenue results for the month of January. All three locations reported $104.8m in combined revenue.
Last month, table games and slots from the city’s three casinos brought in more than $102.3m in revenue, while retail sports betting from the city’s casinos reported $2.5m.
January’s report showed that revenue from both slots and table games was up 8.9% year-over-year.
However, casino revenue during January fell by 6.4% when compared to figures from December.
MGM once again held the top spot for the month, accounting for 48% of the month’s market share. MotorCity and Hollywood Casino at Greektown followed close behind, holding 30% and 22% of the month’s market share respectively.
Good to know: Last month, Hollywood Casino at Greektown reported a loss in monthly gaming revenue
Hollywood Casino at Greektown posted almost $21.8m in revenue last month, down by 2% month-over-month.
MGM reported a 12.1% rise in January revenue when compared to December’s results. Total revenue climbed to $49.9m for the month.
MotorCity total January revenue reached nearly $30.6m and grew by 12.8%.
Detroit’s casinos paid the state nearly $8.3m in gaming taxes during January and contributed an additional $12.2m in wagering taxes and development agreement payments to the city.
When it came to retail sports betting last month, the city’s three casinos brought in a total handle of almost $19.4m, while gross receipts totaled $2.5m.
January’s qualified adjusted gross receipts (QAGR) increased by $2m year-over-year.
Hollywood Casino at Greektown grabbed the top spot for sports betting activity for the month, reporting a QAGR of $871,455.
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