Detroit casino revenue down 2.6% to $119.2m in March

Home > Finance > Detroit casino revenue down 2.6% to $119.2m in March

Gross gambling revenue from Detroit’s three commercial casinos fell 2.9% to $119.2m in March compared to the $122.8m that the venues achieved in the previous year.

Table games and slots at the Detroit casinos dominated the total, generating $117.8m as opposed to the $1.4m received from retail sports betting.

During the month, MGM Grand Detroit achieved the highest market share at 46%. This compared to the 30% won by MotorCity Casino Hotel and the 24% attributed to the Hollywood casino at Greektown.

Monthly table and slots revenue fell 2.6% compared to the $120.9m achieved by the casinos the previous year.

Total revenue increased 12.2% when compared with February’s $105m total that it achieved.

In March, Hollywood Casino at Greektown reported a 7.5% year-on-year increase in revenue to $27.6m. This compares with the 2.7% decline experienced by MGM to $54.4m and the 9% fall to $35.8m reported by MotorCity.

The three casinos paid a total of $9.5m in gaming taxes to Michigan for the month, compared to the $9.8m paid in march 2022.

[Read full story on iGB North America]

Source: Read Full Article