Detroit’s three retail casinos reported $105.6 million in revenue for May, according to a release from the Michigan Gaming Control Board. The majority of that revenue, $104.8 million, came from slot machines and table games. This figure is slightly lower than May 2022, and overall, Detroit casino revenue for the first five months is nearly the same as a year ago.
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MGM Grand Detroit remained the leader among Detroit casinos, generating $49.3 million in slot and table game revenue in May. This number is slightly lower (1.4%) than the previous year for MGM. MotorCity Casino ranked second with $32.1 million in revenue, while Hollywood Casino at Greektown generated $23.3 million. The good news for Hollywood Casino is that it saw a 7.4% increase from a year ago, while MotorCity experienced a 7.1% decrease year over year. The Detroit casinos paid $8.5 million in taxes to the state and $12.5 million to the city of Detroit. The total slot and table game revenue for Detroit casinos is $540.5 million for the first five months of the year. In 2022, it was $538.6 million during the same timeframe.
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Retail sports betting at the Detroit casinos had a slightly mixed outcome. They took in $16.9 million in wagers, which was a 25% decrease from the previous year. However, this is the highest amount wagered on sports at Detroit casinos in 2023. Considering that May is typically the slowest non-summer month for sports betting, this is quite surprising. Nonetheless, the $16.9 million would have been the third-lowest month of 2022. In total, the retail sportsbooks at Detroit’s casinos generated $893,732 in revenue. Barstool Sportsbook at Hollywood Casino had the highest handle of the three, with $7.4 million in bets. However, it ranked third in revenue at $27,545. FanDuel Sportsbook at MotorCity took $5.3 million in bets with $395,000 in revenue, while BetMGM Sportsbook brought in $4.3 million in wagers and $470,000 in revenue.
John Costanzo is the managing publisher of PlayMichigan, the number one source for online gambling news in Michigan. He has covered news and sports throughout the state at various media outlets over the past two decades. Paul works with a talented team at PlayMichigan to provide the latest information on Michigan’s thriving sports betting, online casino, and online poker industries.
