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In January 2025, the retail casinos in Detroit accumulated gaming revenue of $103.4 million.
In comparison to January 2022, when the three casinos generated slightly less than $99 million, there was a notable surge of 4.4%.
In January, retail sports betting experienced a significant decline in handle, with only $15.3 million recorded, marking a 57% decrease compared to the previous year. However, in January 2022, the three retail sportsbooks witnessed a notable increase in handle, reaching $35.9 million.
Detroit casino revenue up slightly year over year
The total revenue generated from slots and table games in January by the three Detroit retail casinos amounted to $103.4 million. The casinos in Detroit include:
Although there was an increase compared to January 2022, it still represented a decline of 4.5% from the revenue of $108.3 million generated in December.
In January of last year, all three casinos experienced a rise in revenue. MGM Grand took the lead with an impressive growth of 3.2%, bringing in $50.2 million. MotorCity Casino followed closely behind with $30.3 million and a growth rate of 1.3%. Hollywood Casino at Greektown witnessed the highest growth percentage of 11.9%, resulting in a revenue of $22.9 million.
In January, the state of Michigan received $8.4 million in gaming taxes from the three Detroit casinos.
Last month, they submitted a total of $16.3 million in gaming taxes and development agreement payments to the City of Detroit, as reported by them collectively.
Michigan retail sportsbooks take a hit
In January, revenue losses were reported by two out of the three retail sportsbooks in Detroit, Michigan.
Last month, Michigan bettors faced losses at both the MGM Grand (-$54,479) and Hollywood Casino at Greektown (-$62,755).
MotorCity Casino emerged as the sole establishment to achieve positive gains, amounting to $266,613. Nevertheless, it ranked last among the three books in terms of handle.
Here is the revenue generated by each in January:
- The Hollywood Casino at Greektown has accumulated a staggering $5.88 million.
- The cost of MGM Grand Detroit is $5.70 million.
- MotorCity Casino: $3.71 million
In February 2022, the combined revenue from three sportsbooks resulted in a loss of over $850,000, marking the lowest collective revenue since then, at just $149,379.
Since last August’s $11 million, the retail handle of $15.3 million was recorded as the lowest.
In comparison to the same month last year, state taxes generated by the Detroit casinos amounted to $8,940, a significant decline from the previous year’s $73,070.
During the month of January, the City of Detroit received a total of $10,926 in gambling taxes from the three Detroit casinos.
Sports betting continuing to plateau in Michigan
Sports betting in January showed no significant change in both retail and online casinos, suggesting that the state’s sports betting industry has reached a stable point.
According to PlayUSA’s projections from the end of last year, it is expected that Michigan’s sports betting handle will reach $4.63 billion by 2025. This would represent a decrease of 3.7% from the recorded figure of $4.81 billion in 2022.
Online sports betting has experienced a less severe decline compared to retail sports betting.
In contrast to the growth in handle experienced by online sports betting from 2021 to 2022, retail sportsbooks witnessed a decline in their year-to-year performance.
In 2021, the total wagers generated by the three Detroit casinos amounted to $310.6 million, which experienced a decline to $263.7 million in 2022.
In Michigan, there have been only five instances where the monthly handle for retail sports betting exceeded $30 million since online betting was legalized. Out of these, four occurred in 2021, with the remaining one in January 2022.
