Detroit’s casinos have raked in over $107 million in revenue from slots, table games and poker for the month of April. According to a report from the Michigan Gaming Control Board, three of the state’s casinos combined for an accumulated gross revenue that broke through the $100 million mark, but this was slightly lower than last year’s numbers.
The casino revenue from April 2023 which was reportedly $109.6 million – compared to last month, the figure was down 1.6% and 11.8% lower than the $122.3 million claimed in March this year. This was the first time this year that Detroit casinos have experienced a month-over-month decrease in revenue. Prior to the April numbers, Detroit’s revenue from casinos showed some steady growth, starting with $93.9 million in January, and $104.8 million in February.
However, even with the decline for April, Detroit casinos have still remained consistent to the total revenue generated through the first four months from years prior:
2020: $299.2 million
2021: $391.6 million
2022: $432.3 million
2023: $435.8 million
2024: $428.8 million
The Wolverine State received $8.7 million in taxes from casino revenue for April, while the city of Detroit saw an inflow of $12.8 million into its coffers. The year-to-date totals are behind 2023’s pace, with state taxes down $565,300 and city receipts more than $4.8 million lower.
What Were the Casino’s Revenue for April?
All three of the state’s casino operators’ monthly gaming revenue results were mixed compared to April of last year:
MGM Grand Detroit reaped $49.9 million in April, down 12% month-over-month;
MotorCity Casino got $32.7 million in April, down 14.6% month-over-month;
Hollywood Casino at Greektown had $25.3 million in April, down 7.3% month-over-month.
Among the three casinos, MGM Grand Detroit shown the most decline, followed by MotorCity Casino. Hollywood Casino at Greektown had the least decline in month-over-month revenue among the three casinos. MGM Grand, whose year-to-date revenue of $200.4 million is down 2.2% against 2023 figures, has topped $50 million in revenue just four times in the past 12 months after doing so each of the first four months of last year.
The declining numbers were a bit peculiar, especially since Detroit hosted the NFL Draft. The NFL Draft held a record number of fans 775,000 over the course of the three-day event. This number broke the previous record of 600,000 set in Nashville in 2019.
What Were the Sports Betting Revenue for April?
That said, on the side of sports betting, Hollywood Casino at Greektown produced the most retail sports betting handle by a wide margin:
Hollywood Casino at Greektown: $7.5 million
MGM Grand Detroit: $3.9 million
MotorCity Casino: $3.8 million
The three Detroit casinos reported $15.28 million in total retail sports betting handle, and total gross receipts were $1.57 million for the month of April. Meanwhile, retail sports betting qualified adjusted gross receipts (QAGR) were up by $1.5 million in April when compared to the same month last year. Compared to March 2024, April QAGR was down by 1.7%.
The collective handle from the casino-run sports betting marks the first time this year they finished with a double-digit win rate. It was also the first time all three venues topped $400,000 in gross revenue since they all cleared $700,000 in October 2021.
Hollywood Casino at Greektown also announced that they were bringing ESPN BET to their operations, combining PENN’s premier sports media and sports betting offerings to create an amazing atmosphere for fans to watch and bet on sports.
Last Updated on by jonathan r
