- Detroit gambling saw a $94.7 million revenue in February.
- Detroit’s February revenue saw a 3.4% decrease.
DETROIT – Sports betting in Michigan primarily sees the busiest action from Detroit. With that said, the City of Detroit alone put February gambling revenue numbers of $94.7 million. While this is a pretty substantial number, it is a slight decrease from January.
Of the $94.7 million in revenue, legal sports betting struggled having produced an $872,552 loss from the city’s three retail sportsbooks. MotorCity had a $400,347 loss, Greektown had $297,123 lost, and MGM Grand saw a $175,925 decrease. Compared to this time last year, they are down $2.8 million.
Going back to their revenue number, it mostly came from slot machines and table games in the casinos. While the revenue number is down slightly from January, there is some light shined on this as it is up 10.6% from February of last year.
Market Share Numbers
Looking at which of the major operators saw the most actions, the Michigan Gaming Control Board reported that MGM had 49% of the market while MotorCity sat with 30% and Greektown was down at 21%.
MGM did a solid job compared to their revenue numbers from February 2021 being up 34.4%. As for MotorCity and Greektown though, both saw a decrease in their revenue numbers. MotorCity saw a 7.3% decrease while Greektown was down 2.1%.
Overall in January, Michigan sports betting operators brought in $25.3 million in bets placed. With the loss in revenue, it affects both the sportsbook locations as well as the state being that neither of them will be able to collect taxes from this.
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Samuel has been writing professionally for 4 years. He comes from a sports writing background where he enjoys writing mostly about basketball and football both professional and collegiate. He is a recent graduate of Florida State University where he majored in Editing, Writing and Media with a minor in Communications. During his free time, you can find him watching or playing sports as well as playing videogames and listening to music.