Detroit Casino Revenues Show Mixed Results in September

The latest figures for Detroit's casino revenue in September 2022 show a mix of ups and downs. The aggregate monthly revenue of $103.4 million was 1.7% lower than the previous month, August, which had seen $104.9 million. Let's dive deeper into these numbers and see how the different casinos fared.

When it comes to individual casino performance, MGM Detroit leads the pack by a considerable margin. With a market share of 44% in September, they raked in $44.7 million in revenue from table games and slots, along with $43,528 from sports betting QAGR. MotorCity came in second with a 31% market share, reporting $31.0 million in table games and slots revenue, as well as $875,616 in retail betting QAGR. Following closely, Hollywood Casino at Greektown claimed a 25% market share, generating $24.3 million from table games and slots and $655,816 from betting QAGR. These three casinos collectively paid $8.1 million in casino games-related tax to the state of Michigan and contributed $12.3 million in wagering and development agreement payments to the city of Detroit.

Interestingly, the online gambling scene provided a silver lining in the casino landscape. The online casinos, including commercial and tribal operators, brought in $210.4 million in gross internet gaming and sports betting receipts in September. Among these, online casino gaming stood out as the primary source of revenue, recording $166.4 million, a remarkable 29.3% increase compared to the previous year. On the other hand, sports betting gross receipts saw an 8.0% decrease, totaling $44.0 million for the month, despite a 25.6% increase in betting handle, which reached $457.7 million.

In summary, Detroit's casino revenue in September showed a complex web of results, with MGM Detroit maintaining its market dominance and online casinos making significant strides, while the overall casino revenue experienced fluctuations and surprises.