Detroit’s commercial casinos saw their gaming revenue slide 42% in their first month since reopening, while plans to reopen poker rooms are causing confusion down at the state gambling regulator.
On Monday, the Michigan Gaming Control Board (MGCB) announced that Detroit’s three commercial casinos earned a combined $69.3m from their slots and table games in August, down 42% from August 2019. MGM Grand Detroit took the biggest hit, falling 46% to $28.6m, while MotorCity fell 37.5% to $25m while Penn National Gaming’s Greektown tumbled 41.5% to $15.7m.
The three casinos also generated a combined $2m from their retail sports betting operations, with MGM again leading the pack with $932k, followed by Greektown ($551k) and MotorCity ($493k).
The numbers appear dire, but they’re actually better than most forecasts. Detroit’s municipal government’s share of August’s returns was $8.3m, around half what the city would claim in a normal month, but well above the city’s original forecast of $3m.