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In March, Detroit’s three retail casinos, spearheaded by MGM Grand, experienced a notable surge in revenue from slots and table games. The increase amounted to 12.2% compared to the previous month, resulting in a total figure of $117.8 million.
Last month, the total revenue generated, comprising sports betting revenue as well, amounted to $119.2 million. In the year 2022, the corresponding amount stood at $122.8 million.
Compared to March 2022, the revenue from slots and table games at the three Detroit casinos experienced a 2.6% decline. MGM Grand Detroit generated $54 million in revenue, securing the top spot, followed by MotorCity Casino with $35.8 million. Hollywood Casino at Greektown reported $27.6 million, showcasing a 7.5% increase in revenue compared to the previous year.
In March, the total tax payment from the three Detroit casinos amounted to $23.5 million, with $14 million allocated to the City of Detroit, while the remaining portion was paid to the state.
Detroit Casino revenue up in Q1 compared to 2022
As we wrap up the first quarter of 2025, we are pleased to announce that Detroit casinos have witnessed a 3.4% increase in revenue compared to the corresponding period in 2022. The total combined revenue for January-March 2025, encompassing all gaming activities, amounted to $326.2 million.
Casino’s slots and gaming revenue for the first quarter of 2025.
- The revenue of MGM Grand Detroit increased by 2.5% to reach $154.7 million.
- MotorCity Casino experienced a slight decrease of 0.9%, resulting in a total revenue of $97.3 million.
- The revenue of Hollywood Casino at Greektown increased by 11.5% to reach $74.2 million.
Retail sports betting in Detroit falls by 47% from March 2022
Although online sports betting remains robust in Michigan, retail betting has experienced a decline. In March, the three Detroit casinos saw a staggering 50% drop in sports betting wagers compared to 2022.
The total amount wagered at the three Detroit retail sportsbooks was just $13.9 million, reflecting a decrease of 47.2% compared to the $26.3 million wagered in March 2022 and the same period last year.
In March, the qualified adjusted gross receipts (QAGR) for retail sports betting amounted to $1.4 million, indicating a significant decline of 26.8% compared to the $1.9 million recorded in the corresponding month of 2022.
Thanks to March Madness, the QAGR in March experienced a significant boost, surpassing the total revenue of the three casinos in February by almost $1 million.
In March 2025, a ranking was determined for the three Detroit casinos in retail sports betting based on their QAGR.
- The total amount at Hollywood Casino located at Greektown is $702,670.
- MotorCity Casino: $424,382
- MGM Grand Detroit: $284,425
In the first quarter of QAGR, Hollywood Casino emerged as the sole Detroit casino to surpass $1 million in sports betting revenue.
According to information provided by the Michigan Gaming Control Board, the State of Michigan received over $53,000 in retail sports betting taxes, while the City of Detroit received $65,210.
Big March Madness bets boost MGM Grand Detroit sports betting handle
In March, around $2 million of the $4 million in wagers made at MGM Grand were specifically placed on March Madness. Notably, a significant portion of this amount was attributed to three particular bets.
A $550K wager on San Diego State +7.5 in the national title game was placed and accepted by MGM Grand. Despite not emerging victorious, the bet had the potential to reward the bettor with $1.1 million.
In addition, a wager of $25,000 was placed on a five-team parlay with hopes of securing over $110,000 in winnings. Likewise, a separate bet of $20,000 was made on a six-team parlay with the aim of winning close to $407,000. Unfortunately, both parlays were unsuccessful in achieving their desired outcomes.
