Detroit Casinos Claim $103.4 Million In January Revenue, Led By MGM Grand

Written By Drew Ellis on February 14, 2023
MGM Grand leads Detroit Casino revenue in January

Detroit’s retail casinos generated $103.4 million in gaming revenue for January 2023.

That was a 4.4% increase from January 2022, when the three casinos brought in just under $99 million.

Retail sports betting had just $15.3 million in handle for January, a 57% drop from a year ago. In January 2022, the three retail sportsbooks collected $35.9 million in handle.

Detroit casino revenue up slightly year over year

For January, the three Detroit retail casinos reported $103.4 million in revenue from slots and table games. The three Detroit casinos are:

While an increase from January of 2022, it was a 4.5% drop from December’s $108.3 million in revenue.

All three casinos saw a revenue increase from January of last year. MGM Grand led the way with $50.2 million (3.2% growth). MotorCity Casino brought in $30.3 million (1.3% growth), while Hollywood Casino at Greektown recorded $22.9 million (11.9% growth).

During January, the three Detroit casinos paid $8.4 million in gaming taxes to the state of Michigan.

Combined, they also reported submitting $16.3 million in gaming taxes and development agreement payments to the City of Detroit last month.

Michigan retail sportsbooks take a hit

Two of Michigan’s three Detroit retail sportsbooks reported losing revenue in January.

Both the MGM Grand (-$54,479) and Hollywood Casino at Greektown (-$62,755) reported losses to Michigan bettors last month.

MotorCity Casino was the lone with positive gains at $266,613. However, it finished last of the three books for handle.

Here’s what each took in for January:

  • Hollywood Casino at Greektown: $5.88 million
  • MGM Grand Detroit: $5.70 million
  • MotorCity Casino: $3.71 million

The collective revenue of just $149,379 was the lowest total since February 2022 when the three sportsbooks combined for a loss of over $850,000.

The $15.3 million in handle was the lowest retail handle since last August’s $11 million.

State taxes from the Detroit casinos were $8,940 compared with $73,070 for the same month last year.

The three Detroit casinos reported submitting $10,926 in gambling taxes to the City of Detroit during January.

Sports betting continuing to plateau in Michigan

January’s retail sports betting handle is part of a continued plateau of sports betting throughout the state, both in retail and online casinos.

PlayUSA projected late last year that it expects Michigan to reach $4.63 billion in sports betting handle for 2023. That would be a 3.7% drop from the $4.81 billion it recorded in 2022.

Retail sports betting has hit a sharper decline than online.

Unlike online sports betting, which grew in handle from 2021 to 2022, retail sportsbooks saw a decline year-to-year.

The three Detroit casinos brought in $310.6 million in wagers in 2021. That fell to $263.7 million in 2022.

Since online betting became legal in Michigan, only five times in Michigan has the retail sports betting eclipsed $30 million in monthly handle. Four of those months came in 2021, while the other was January of 2022.

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Drew Ellis

Drew Ellis is currently the Lead Writer of PlayILottery.com. He was the former Lead Writer of PlayMichigan, the No. 1 source for online gambling news in Michigan. A lifelong resident of the state, Ellis has been working in various forms of media since 1998, including more than a decade in the sports betting industry prior to transitioning into US casino markets in 2020.

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