The casino market in Detroit has seen an increase in March, as Detroit casinos record $123.86 million in revenue.

Detroit Casinos Record $123.86 Million In Revenue

According to the Michigan Gaming Control Board, Detroit’s three casinos made $123.86m, with table games and slot revenue rising by 3.8% year-on-year at $122.26m.

Revenue from traditional sports betting in-land also reached an improved level, finishing on $1.6m during March 2024.

The three casinos, MGM Grand Detroit Casino, MotorCity Casino and Hollywood Casino at Greektown all contributed different parts to the overall revenue.

They have been key in Detroit for the gambling industry, as the state gambling laws are stricter than a lot in the United States.

In 1997, Michigan passed the Gaming Control and Revenue Act, which meant the three casinos could open up in the traditional brick-and-mortar format.

MotorCity Casino and The MGM Grand Detroit opened up in 1999, while the Greektown Casino Hotel was founded just a year later in 2000.

MGM were responsible for 46%, MotorCity chipped in with 31% and Hollywood Casino added a further 23% to the final total.

With this said, MGM saw a decrease of 4.1% in terms of revenue with $56.65m, Motor City’s betting revenue ascended by 7.2% to $38.35m and Hollywood Casino witnessed a minor decrease of 1.4% to 27.26m.

These casinos had to pay $9.9m in gaming taxes to the State of Michigan which is a $400,000 increase from the $9.5m in March 2023.

Wagering taxes and development agreement payments was also another factor, as the casinos paid a combined $14.5m to Detroit.

A reported $17.25m was made in the retail sports betting handle from the three Detroit casinos and the gross sports betting receipts finished on $1.61m.

When comparing the qualified adjusted gross receipts to last year, they have increased by 13.2% to top off a successful month in Detroit.

This March has seen an uplift in the gambling industry within Detroit, as it’s the first time in 2024 where it has made year-on-year increases.