The three commercial casinos in Detroit, Michigan, reported revenue of $101.6 million in September, down from the same month last year and lower than total revenue in August.
Total monthly sales in Detroit were 1.7% below $103.4 million September 2022. In August this year it was also 3.2% below $104.9 million.
Table games and slots accounted for approximately $100.0 million of that, down 0.8% from a year ago and 4.4% from August.
Qualified retail adjusted gross revenue (QAGR) was $1.6 million in September. That was 39.4% less than last year, but 396.6% more than just $322,186 in August of this year. Betting for the month was $18.1 million.
MGM leads in Detroit with 44% market share
Looking at the performance of individual casinos, MGM remains by far the market leader in Detroit. MGM had a 44% market share in September, with table games and slots revenue of $44.7 million and sports betting QAGR of $43,528.
MotorCity came in second with a 31% market share. The casino recorded table games and slots revenue of $31.0 million and retail betting QAGR of $875,616.
Hollywood Casino in Greektown followed with 25% of Detroit’s market share. It reported $24.3 million in revenue from table games and slots and a betting QAGR of $655,816.
The three casinos paid a total of $8.1 million in casino gaming taxes to the state of Michigan. An additional $12.3 million in betting and development agreement payments were sent to the city of Detroit.
Sports betting taxes of $59,533 were paid to the state and $72,763 to the city of Detroit.
The increase in online casinos offsets the decline in sports betting in September
The land-based results come just days after Michigan also released online gambling data for the month of September.
Gross Internet gaming and sports betting revenue from commercial and tribal operators reached $210.4 million in September.
Online casinos remain iGaming’s primary source of revenue in Michigan. Gross revenue in this segment was $166.4 million, up 29.3% year over year.
In contrast, gross sports betting revenue fell 8.0% for the month to $44.0 million. This is despite a 25.6% increase in trading volume to $457.7 million