Detroit casinos really wish they had online sports betting now

Detroit’s casinos barely got a taste of their new sports betting options before COVID-19 spoiled the party, but the Michigan Lottery’s online sales are likely enjoying a pandemic surge.

Figures released Tuesday by the Michigan Gaming Control Board (MGCB) show Detroit’s three commercial casinos all suffered year-on-year gaming revenue declines of nearly 60% in March. The casinos were ordered to close on March 16 as part of the state’s efforts to minimize further coronavirus transmission.

MGM Resorts’ MGM Grand Detroit reported revenue of $23.9m, down 59.6% from March 2019, while MotorCity and Greektown each fell 58.7% to $20.3m and $13.2m, respectively.

The March declines leaned heavily on the market’s Q1 revenue, in which MGM reported $126.5m (-19.7%), MotorCity earned $102.6m (-18%) and Greektown brought up the rear with $70.1m (-16.7%).