Detroit casinos report $87.9m in revenue for September
The Michigan Gaming Control Board reported that in September, the monthly aggregate revenue for the three Detroit casinos was $87.9m.
The casinos operated at 15% capacity due to the COVID-19 countermeasures. The aggregate revenue for slots and table games fell by 22% compared to September 2019, and “declined 58% year-to-date against last year.”
MGM Grand Detroit made up 41% of the market share and earned $36.1m, a 22% drop compared to the previous year. The second-largest contributor was MotorCity with 37% in market share, but its earnings fell by 17% to $32.2m compared to 2019.
The last contributor was Greektown with 22%, it reported $19.6m in revenue, a 27% decline.
Compared to the month of August, the revenue for the three casinos in September was up by 27%.
The casinos were closed throughout July and only reopened in August. Revenue for Q3 was $157.3m, down by 55% compared to the same period the last year. All three casinos reported quarterly revenue drops: 57% for MGM Grand Detroit, 52% for MotorCity, and 56% for Greektown casino.
According to the report, retail sports betting revenue for September was $4.4m. MGM Grand Detroit brought in $2m, MotorCity reported $1.5m, and Greektown $0.7m.
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