Detroit Casino Revenue Mirroring Last Year’s Pace Through Five Months Of 2023

Written By Paul Costanzo on June 13, 2023
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Detroit’s three retail casinos reported $105.6 million in revenue for May, according to a release from the Michigan Gaming Control Board.

Nearly all of that — $104.7 million — was generated through slots and table games. That number is down slightly from May 2022, and through five months, Detroit casino revenue is nearly identical to a year ago.

MGM Grand leads Detroit casino revenue, Hollywood sees yearly uptick

MGM Grand Detroit remained the leader among Detroit casinos, bringing in $49.3 million in slot and table game revenue in May. That number is down slightly (1.4%) from a year ago for MGM.

MotorCity Casino was second with $32.1 million in revenue, while Hollywood Casino at Greektown $23.3 million.

The good news for Hollywood Casino, however, was that it was up 7.4% from a year ago. MotorCity was down 7.1% year over year.

Detroit’s casinos paid $8.5 million taxes to the state and $12.5 million to the city of Detroit.

Total Detroit casino slot and table game revenue is $540.5 million through the first five months of the year. In 2022, it was $538.6 million in that same timeframe.

Detroit retail sports betting handle highest yet in 2023

Retail sports betting at the Detroit casinos was a bit of a mixed bag.

They took in $16.9 million in bets, which was down 25% from a year ago. However, that number is the highest amount bet on sports at Detroit casinos in 2023.

With May typically being the slowest non-summer month of the year for sports betting, that’s certainly surprising.

Still, the $16.9 million would have been the third lowest month of all of 2022.

Combined, the retail sportsbooks at Detroit’s casinos brought in $893,732 in revenue.

Barstool Sportsbook at Hollywood Casino had the highest handle of the three, taking $7.4 million in bets. It was a distant third in revenue, however, at $27,545.

FanDuel Sportsbook at MotorCity took $5.3 million in bets with $395K in revenue, while BetMGM Sportsbook brought in $4.3 million in bets and $470K in revenue.

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Paul Costanzo

Paul Costanzo is the managing editor of PlayMichigan, the No. 1 source for online gambling news in Michigan. He has covered news and sports throughout the state at various media outlets over the past 20 years. Paul works with a talented team at PlayMichigan to provide the latest news and information on Michigan’s booming sports betting, online casino and online poker industries.

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