Detroit Casinos Saw Revenues of $69.3 Million in August

This week the Michigan Gaming Control Board announced that the three casinos in Detroit generated revenue of $69.3 million in August, the first full month in operation since the Covid-19 lockdowns took effect earlier this year.

The casinos are currently limited to 15% capacity, and there are strict social distancing guidelines in place. This has contributed to revenues being substantially less than the year prior, with slot and table game revenues slipping 42%. from last year. Still, some revenue coming in is better than nothing, as the betting industry as a whole has suffered this year.

The MGM Grand Detroit’s revenues were down 46% from last year to $28.6 million, while the MotorCity Casino was down 37.5% to $25 million, while the Greektown Casino‘s revenues were down 41.5% to $15.7 million.

Taxes paid to the state were $5.6 million, down from $9.7 million last year. Taxes paid to the city of Detroit totaled $8.3 million.

Sports wagers totaled $15.7 million in handle, with revenues from the activity totaling $1.97 million. The activity is still limited to land casinos in Michigan, but online sportsbetting is coming soon, which will likely see revenues expand.

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