Detroit Casinos Move Up To 8th Nationally Among Retail Gaming Markets in 2021

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In 2021, the retail casinos in Detroit experienced a remarkable resurgence, as their revenue escalated twofold compared to the devastating impact of the pandemic in 2020.

They surprisingly roared back with equal prowess as any other team in the country.

On Wednesday, the annual State of the States report was released by the American Gaming Association, revealing that Motown has climbed from 10th to eighth place among commercial gaming markets in the country.

In spite of operating under capacity limitations for half of the year and adhering to mask mandates for most of it, MGM Grand Detroit, MotorCity Casino, and Greektown Casino (now Hollywood Casino at Greektown) collectively earned $1.29 billion in retail casino and sports betting revenue over the course of the year. This remarkable figure is in stark contrast to the mere $650 million generated in 2020.

Detroit established as one of nation’s top gaming markets

The traditional gaming devices and table games at Detroit’s casinos generated a revenue of $1.27 billion, while their retail sportsbooks contributed $27.3 million.

Earning a staggering $7.05 billion, the Las Vegas Strip maintained its position as the unrivaled leader in the gaming market across the country. Trailing behind was Atlantic City with $2.57 billion, followed by Chicagoland at $2.01 billion, Baltimore-Washington, D.C. at $2 billion, Gulf Coast, Miss. with $1.61 billion, New York City generating $1.46 billion, and Philadelphia bringing in $1.4 billion.

In the previous State of the States rankings, St. Louis and Boulder Strip, Nev. surpassed Detroit, with St. Louis generating $1.03 billion and Boulder Strip, Nev. generating $967 million, securing their positions in the top 10.

Online gaming does not seem to have slowed Detroit casinos

In 2019, the revenue generated reached a record-breaking $1.45 billion, while the current total stands at $1.29 billion, still falling short of that remarkable figure.

However, it is important to note that drawing a connection solely based on the introduction of online casinos and online sportsbooks in the state in 2021 would be insufficient without considering additional factors.

The primary factor that likely had a significant impact for almost six months was the implementation of pandemic restrictions, especially the capacity limits. It is uncertain when a definitive answer will be available, possibly not until the end of this year or even later, due to the resurgence of Covid-19 cases in the state.

However, the initial results for 2022 have been promising.

In April, the revenue of Detroit’s casinos was reported to be $118.73 million by the Michigan Gaming Control Board. This follows the revenue generated in March, which exceeded $120 million.

The figures are significantly higher than the corresponding numbers in 2021 and more closely resemble the levels observed in 2019.

Inside the Detroit retail casino revenue numbers

In April, MGM dominated the casino market, capturing a significant 48% share with an impressive revenue of over $56.7 million. MotorCity trailed behind at 31% with earnings of $36.4 million, while Greektown secured a 21% share, generating $23.7 million in revenue.

In April, only MGM generated a higher revenue compared to March.

In April, Barstool Sportsbook at Greektown maintained its position as the top contender in retail sports betting. Let’s take a glance at all three retail books during this period.

• The Barstool at Greektown establishment recorded a total handle of $15.1 million, while its qualified adjusted gross receipts (QAGR) amounted to $912,513.
• The FanDuel Sportsbook at MotorCity recorded a handle of $4.5 million and achieved a QAGR of $552,841.
• The BetMGM Sports Lounge recorded a handle of $4.7 million and a QAGR of $405,385.

The total sports betting handle for April was slightly lower at $24.8 million compared to March’s $26.4 million.

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