Detroit Casinos Report More Than $101 Million In June Revenue Despite Sports Betting Losses

Written By Dan Holmes on July 18, 2023 - Last Updated on March 14, 2024
Detroit casino revenue

The three Detroit casinos combined for $101.5 million in revenue for the month of June, according to a statement from the Michigan Gaming Control Board on Tuesday.

That’s despite the city’s three retail sportsbooks combining to net a $395K loss of adjusted gross revenue, almost entirely coming from a single bet at MotorCity Casino.

Revenue from table games and slots ($101.9 million) at the Detroit casinos was up 3.8% compared to the same month in 2022. For the year, table games and slots revenue is up nearly one percentage point at 0.9%.

MGM Grand leads Detroit casinos in revenue again

MGM Grand Detroit continues to be the market leader, capturing 46% of the revenue from casino games in June. Next was MotorCity Casino with 32%, and Hollywood Casino at Greektown at 22%. Their revenue dollar figures were 47.0 million for MGM, $32.5 million for MotorCity, and 22.4 million for Hollywood Casino.

The trio of Detroit casinos paid $8.3 million to the state in taxes from gaming activity, and $12.1 million to the city of Detroit.

This month, the casinos offered many promotions for July 4th, which could lead to a rebound and larger growth as opposed to June. Overall in 2023, revenue from the three Detroit casinos is mirroring last year’s pace through five months.

$972,000 winner sends Detroit retail sportsbooks to loss

One big winner at MotorCity Casino caused that venue to go into the negative for the month. A $972,000 winning betting slip sent MotorCity to a $708,625 loss for the month of June. As a result, the three casinos were a negative for the month.

MGM Grand’s sportsbook, branded as BetMGM, reported a June figure of $30,010. Greektown had the best month with $283,009 last month. The three casinos sent $11,832 in taxes to Lansing, and $14,462 was paid to Detroit.

Total retail sports betting handle from the three Detroit casinos in June was $8.1 million, and total gross receipts were in the red, at negative $378,641. Retail sports betting handle was down 63% from June 2022.

FanDuel is the retail sportsbook that operates in MotorCity Casino, and Barstool Sportsbook operates at Greektown.

Fantasy contests have generated $10.8 million since Jan. 1

The state reports fantasy contest results more than a month behind schedule, which means we received data for May this week. According to the MGCB, the fantasy operators at the Detroit casinos reported a total adjusted revenue of $1.9 million. That activity resulted in $155,539 which is about six times the amount that came from retail sportsbooks at the casinos.

Since the first of the year, the fantasy contests have generated $10.8 million in aggregate revenue, resulting in $903,369 in taxes for the state of Michigan.

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Dan Holmes

Dan Holmes is a Michigan resident who writes about sports betting, sports media, casino and sports betting legislative matters. He's the author of three books, and previously reported for Major League Baseball, as well as the National Baseball Hall of Fame and Museum.

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