Detroit casinos report revenue increases, prepare for sports betting

February continued to bring strong revenues to Detroit casinos. The Michigan Gaming Control Board have announced revenues figures for the MGM Grand Detroit, MotorCity Casino and Greektown Casino, and each one is doing pretty well.

In total, the Detroit casinos reported aggregate revenue of $121.7 million for the month, improving year on year by 6.3 percent, and doing 1.5 percent better than the $120 million collected in January. Overall, revenues are up 6.7 percent for the first two months of 2020, when compared to 2019.

MGM Grand Detroit did the best of the three, bringing in a 6.4 percent increase to $52.6 million in revenue. Motorcity and Greektown both saw increases too, the former bringing in $40.5 million for a 4.7 percent improvement, and the latter taking $28.6 million for an 8.3% improvement.

Overall, Michigan was happy with this performance, collecting $9.9 million in gaming taxes. That’s a healthy improvement over the $9.3 million collected last year. In addition, the three casinos paid $14.5 million to the city of Detroit.