The retail sportsbooks at Detroit’s three MI commercial casinos saw the October total sports betting handle increase slightly from September, but revenue from wagering was down.
Retail sports betting at the casinos registered a handle of $34.2 million, up 5.2% from September’s $32.5 million, according to figures released Wednesday by the Michigan Gaming Control Board.
With the NFL going strong and the NBA and NHL starting, the total for October was somewhat surprising on the low side, especially after September nearly doubled the total from August.
Michigan online sports betting figures should be posted later this week or early next week based on reporting in previous months. Mobile sports betting should see a much bigger increase in October than the retail numbers.
Casinos returned to full capacity in July 2021. Retail sports betting revenue in October declined to $2.6 million, down 23.6% from $3.5 million in revenue in September.
BetMGM Leads the Way
MGM Grand Detroit and its BetMGM Sportsbook again had the highest qualified adjusted gross receipts (QAGR) from sports betting at $1.385 million, up slightly from the $1.341 million in September.
MotorCity, which has a FanDuel Sportsbook, was second in revenue at $671,009, down considerable from the $1.24 million in September. The Greektown Casino with a Barstool Sportsbook registered $588,847 in revenue, also a decline from the $883,813 in September. Handle was second at $11.4 million.
For October, the three casinos paid $99,977 in sports betting taxes to the state and $122,194 to the City of Detroit.
Casino Revenue Up Slightly
The three commercial casinos posted Michigan gaming revenue of $111.5 million in October, up 4.2% from the $110.4 million in September.
The breakdown for October revenue from each casino was $52.7 million from MGM, $36.9 million from MotorCity and $21.9 million from Greektown.
The casinos paid state taxes of $9 million in October and $13.8 million to Detroit.