Summary:
In September, the total revenue of Detroit’s three casinos was $103.4 million, down from $110.4 million in the same month a year ago. In September, slots and table games brought in $100.8 million of revenue, down from $106.9 million in the same month last year. The sports betting handle for the month was less than it was last year.
The total revenue for the month was $103.4m, which was 2.5% lower than in August of this year and 6.3% lower than in September of this year.
The revenue from slots and table games was $100.8m in September, down from $106.9m in the same month last year and also down from $104.4m in August of this year.
There was a 24.9% decline in revenue from retail sports betting at the casinos in September, but it was still higher than in August.
Sports betting handle for the month was $18.6m, down 42.8% on last year but up 69.1% from the same month in the previous year.
The MGM casino had a 48% share of the Detroit market, followed by MotorCity on 31% and the Hollywood Casino at Greektown on 21%.
MGM generated revenue from slots and table games, as well as sports betting. Hollywood Casino had $21.1 million worth of slots and table games revenue, and MotorCity had $31.3 million in slots and table games revenue.
During the month of September, the three casinos paid over 12 million dollars in taxes to the State of Michigan and the City of Detroit.
In addition to the retail sports betting taxes paid to the State of Michigan, the venues also paid the retail sports betting taxes to the City of Detroit.