Detroit Gaming Revenues Fall in October

The city of Detroit reported its gambling revenues for the month of October, noting that revenues dropped 19% to $82.8 million, due largely to an ongoing labor strike with casino employees.

$81.7 million in revenue was generated from slots and table games, while the three retail sportsbooks generated $1.1 million. The MGM Grand Detroit was the market leader, generating 46% of revenue. MotorCity Casino was in second place with 31% market share, while Hollywood Casino at Greektown had 23% of revenues.

Sportsbetting handle was $18.1 million, with qualified adjusted gross receipts dropping 46.3% when compared to last year.

The three casinos paid $6.6 million in taxes to the state of Michigan as well as $10.1 million to the city of Detroit.

There is an ongoing strike related to the casino's workers, who're looking for wage increases and other incentives after working through the Covid-19 pandemic with short staffs. A resolution hasn't come to pass yet, and it appears that workers on the picket line for some time.