Detroit Casinos See April Revenue Fall Slightly; Retail Sports Betting Falls Too

Detroit Casinos See April Revenue Fall Slightly; Retail Sports Betting Falls Too

By Christopher Boan

Fact Checked by Michael Peters

The Tigers weren’t the only Motor City institution to get off to a slow start in April, with Detroit’s trio of casinos reporting a slump in revenue during the month.

In total, Detroit’s casinos raked in $118.73 million in monthly aggregate revenue during April, down 3.4% from the $122.86 million the city reported in March.

When broken down by overall market share, MGM Detroit once again was the runaway leader, with a 48% share and $56.76 million in gaming revenue, followed by MotorCity Casino (31% and $36.42 million), and Greektown Casino (21% and $23.68 million).  

Detroit’s casinos reported $116.86 million in table games and slots revenue, with an extra $1.87 million in sports retail betting revenue added in.

In total, the city saw $24.785 million in Michigan sports betting retail handle, which was down 6% from March. The $1.87 million in revenue was down 3% from March.

Greektown Casino lead the way in sports betting revenue ($912,513), followed by MotorCity Casino ($552,841), and MGM Detroit’s BetMGM Sportsbook ($405,385).

What Stood Out from April’s Report

One of the standout points from the Michigan Gaming Control Board’s April release was the disparate results for Detroit’s three casinos, revenue wise.

The folks at MGM Detroit were able to raise their gaming revenue, month-over-month, by 31.4% in April, which was an outlier among the Michigan gaming trio.

The others, in MotorCity Casino (down 8.8%), and Greektown Casino (down 2.6%), couldn’t gain any traction at all during April — speaking to the overall downturn in gaming revenues during the month.  

Overall, the city’s table games and slot revenues were down 3.4%, month-over-month, but up 8.8% when compared to the same period in 2021.  

Another interesting tidbit from Tuesday’s MGCB release was the drop in wagering taxes, month-over-month, from $14.4 million in March to $9.5 million in April.  

The three casinos also chipped in $70,174 in sports betting taxes to the state and $86,428 to the city of Detroit — slightly down from the $72,891 and $89,089 they contributed in March. 

The facilities also paid $13.9 million in wagering taxes and development agreement payments in April, according to the department.

Michigan is expected to release its April online sports wagering numbers later this month. In March, the state did $451.6 million in mobile sports betting handle.

quote
WRITTEN BY
GreatLakesStakes.com
Christopher Boan
Christopher Boan has covered sports and sports betting for more than seven years and has worked for publications such as ArizonaSports.com, the Tucson Weekly and the Green Valley News.
... Read More
Christopher Boan has covered sports and sports betting for more than seven years and has worked for publications such as ArizonaSports.com, the Tucson Weekly and the Green Valley News.
... Read More