Detroit casinos reel in $101.4m during October

October was the second month of retail sports betting in Michigan.
October was the second month of retail sports betting in Michigan.

The Control Board has approved licence renewals for MGM Grand Detroit, MotorCity Casino and Greektown Casino.

US.- The three commercial casinos in Detroit brought in $101.4m in revenue during October despite operating at 15 per cent capacity.

Table games and slot machines contributed $93.8m, a 6.7 per cent increase from September. Sports betting adjusted gross revenues climbed 72.7 per cent month to month.

MGM Grand Detroit contributed $3.7m in adjusted gross receipts, followed by MotorCity Casino at $2.2m and Greektown Casino at $1.7m.

October was the second month of retail sports betting in the state. Although it got the green light back in March, properties were then instructed to close as a result of the Covid-19 pandemic.

The three establishments paid a total of $7.6m in taxes to the State of Michigan and $11.2m in wagering taxes and development agreement payments to the City of Detroit.

The Control Board has approved licence renewals for all three properties.