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Despite the challenges faced throughout the year, we now have a comprehensive record of the Michigan sports betting handle total from physical downtown Detroit locations.
Since the launch of sports betting on March 11th last year, Greektown Casino, MGM Grand Detroit, and MotorCity Casino have collectively received over $214.4 million in sports bets, according to the Michigan Gaming Control Board’s recent revenue report for March.
The casinos have generated a total of $25.3 million in retail revenue since their launch. Additionally, they have contributed $961,063 in state taxes and $1.2 million in taxes to the city of Detroit.
Naturally, the coronavirus pandemic completely disrupted the usual sports schedule. Just five days after the launch of sports betting, the Detroit casinos were forced to shut down for nearly five months. They experienced another, albeit shorter, closure during the winter season. However, they have since reopened with certain restrictions in place, starting right before Christmas.
The figures provided do not take into consideration the betting activities at physical tribal casinos throughout the state, as they are not required to report their sports betting numbers. Additionally, the numbers provided exclude bets placed through authorized online sports betting platforms. The monthly totals for these will be disclosed at a later date in April.
Greektown Casino takes most monthly sports bets for first time
March sports betting handle in the three casinos surged to $24.2 million, with March Madness undeniably playing a significant role in driving this increase.
Barstool Sportsbook at Greektown took the lead among the three, securing $9.5 million of the Michigan sports betting handle, accounting for a dominant 39.1% market share. Following closely was BetMGM Sportsbook at MGM Grand, which garnered $7.5 million, representing a solid 30.9% share. FanDuel Sportsbook at MotorCity came in third place, with $7.3 million in sports bets, equating to a 30.0% share.
Greektown took the lead in retail sports betting handle for the first time this month. Previously, MGM held the top spot for the initial five months of reported handle, while MotorCity claimed the first position for the past three months.
| Casino | Handle | Revenue | State tax (3.78%) | City of Detroit tax (4.62%) |
|---|---|---|---|---|
| Greektown Casino-Hotel | $9,470,669 | $825,479 | $31,203 | $38,137 |
| MGM Grand Detroit | $7,487,916 | $868,206 | $32,818 | $40,111 |
| MotorCity Casino | $7,283,146 | $1,276,470 | $48,251 | $58,973 |
| Total | $24,241,730 | $2,970,155 | $112,272 | $137,221 |
The Detroit casinos accumulated nearly $3.0 million in sports betting revenue during March. As a result, they contributed over $112,272 in taxes to the state and $137,221 to the city through wagering.
In March, sports betting numbers showed a positive trend compared to February, when the Detroit casinos collectively experienced a loss of $77,627. The betting public had a fortunate streak with events like Super Bowl LV.
There was a marginal 2.2% increase in handle as Detroit’s retail sportsbooks witnessed $23.7 million in wagers during February.
March online sports betting numbers for Michigan due soon
Online sports betting was launched in Michigan on January 22, and March marked the second full month of its availability.
A total of $417.0 million was bet on Michigan’s 12 legal sports betting apps within the initial 38 days of online sports betting being introduced in the state.
According to the MGCB, the release of March numbers is expected soon, possibly even within this week.
Detroit table games, slots revenue rises 93% from March 2020
March offered a slight respite from the predictable decline in casino revenue witnessed throughout the COVID-19 pandemic, leaving curious minds pondering the extent of this year-over-year drop.
The casinos in Detroit generated a revenue of $113.8 million in March, marking a significant increase of 93% compared to the previous year. This growth can be attributed to the fact that the casinos were closed for half of the month last year. Additionally, there was a notable rise of 28.2% in revenue from table games and slots in March compared to February.
Compared to 2020, the revenue from table games and slots experienced a 5.1% decline during the first quarter of 2021.
MGM Grand claimed the largest portion of the market revenue share at 39%, with MotorCity closely behind at 38% and Greektown trailing at 23%.
Fantasy sports operators raise $1 million in February revenue
On Tuesday, the MGCB announced that operators of fantasy sports contests made a revenue of $1.0 million and paid $87,004 in state taxes.
DraftKings garnered $595,481 in revenue, with FanDuel following closely behind at $499,863. These two operators collectively generated over 100% of the total revenue, as another operator reported a loss.
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