Detroit Casino Revenues Dip in January

The city of Detroit saw its casino revenues drop 8.8% in January when compared to the year prior, with the three land-based locations generating $94.4 million.

The casinos generated $93.9 million from slots and table games, with the remaining $500,221 being generated by the retail sportsbooks at the casinos. The numbers were also down 18.8% from the month prior. No reason for the drop in revenues was given by regulators.

The MGM Grand Detroit held 48% market share in January, with MotorCity Casino next at 30%. Hollywood Casino at Greektown came in its typical third position, with 22% share. MGM Grand Detroit revenues dropped 11.3% when compared to last year, while MotorCity's dropped 10.4% and Hollywood Casino at Greektown had a 2% dip.

Sportsbetting continues to struggle, as handle dropped 20.4% to $24.2 million. It should be noted that the three books have to compete with online sportsbetting, which makes it easier for punters to get their wagers in.

Taxes paid to the city were $11.2 million, while taxes paid to the state were $7.6 million, which was a 9.5% decrease from last year.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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caWaroftheGods
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19 February 2024 - 6:53am
#1

They only dropped because the Detroit Lions were in uncharted territory and had everybody's undivided attention.
Since they were let down, I bet February sees the numbers rise.
( I was also cheering for the Lions)

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