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In November, there was a slight decrease in sports betting at Detroit casinos as the three downtown gambling establishments reinstated the mandatory use of masks for the holiday season.
In the city, a total of $26.7 million was wagered at the three retail sportsbooks, marking a 22.0% decrease from the previous month of October. October had experienced exceptional success due to five football weekends.
In 2021, the casinos achieved their highest revenue mark for any month, with a staggering $4.6 million haul. However, it’s important to note that this amount represents a hold of 17.4%.
In the week preceding Thanksgiving, Detroit’s three casinos reintroduced mask mandates following a recommendation from the Michigan Department of Health and Human Services.
The challenges faced by the Detroit Lions may have hindered the success of sports betting profits. However, the football teams of Michigan and Michigan State offered numerous opportunities for wagers, such as Michigan’s impressive 42-27 win over Ohio State on November 27th.
The figures provided do not account for the bets placed at various Michigan tribal casinos sportsbooks, as these establishments are not obligated to disclose their monthly statistics to the Michigan Gaming Control Board. We can expect November’s revenue data for online sports betting to be released in the near future.
MGM Grand Detroit tops rivals for November handle lead
In November, BetMGM Sportsbook at MGM Grand Detroit dominated the casino industry by collecting the highest sports betting handle. They managed to secure a staggering $9.6 million in bets, representing an impressive 36.0% market share.
The MotorCity Casino’s FanDuel Sportsbook ranked second in terms of handle, with $8.8 million (33.1% share), while the Greektown Casino’s Barstool Sportsbook collected $8.3 million (31.0%).
| Licensee | Retail Handle | Revenue (GGR) | Promos | State Tax | Local Tax |
|---|---|---|---|---|---|
| MGM Grand | $9,597,375 | $1,029,267 | -$2,190 | $38,989 | $47,653 |
| MotorCity | $8,830,680 | $1,788,692 | $316,296 | $55,657 | $68,025 |
| Greektown | $8,265,830 | $1,824,846 | $0 | $68,979 | $84,308 |
| Total | $26,693,885 | $4,642,805 | $314,106 | $163,625 | $199,986 |
In a streak that began after Greektown had surpassed its rivals by more than double the number of bets in August, MGM Grand continued its dominance for the third consecutive month in November, taking the highest number of sports bets in the city.
In terms of November revenue, Greektown outperformed the other two, securing $1.8 million from the betting haul.
More than $2 million in tax payments so far in 2021
The city of Detroit received a payment of $199,986 from the casinos, while $163,625 in state wagering taxes was collected from November sports betting.
In the year 2021, Detroit received $1.2 million and the state received $984,251 from the casinos, totaling approximately $2.2 million.
Casino revenue, fantasy revenue down from last month
In terms of table games and slot revenue at the Detroit casinos, there was a decline of 6.8% in November compared to October, with a total revenue of $103.9 million. However, it is worth noting that the November revenue showed a significant increase of 116.1% compared to the previous year. This can be attributed to the fact that the casinos were closed for a period of November 18-30 in 2020 due to health concerns related to the pandemic.
MGM Grand Detroit emerged as the leader in both table games and slot revenue, generating $48.3 million, thereby capturing a substantial market share of 46.5%. MotorCity Casino followed suit, raking in $33.0 million (31.8%), while Greektown earned $22.5 million (21.7%).
In November, the state received $8.4 million in gaming taxes from the casinos, a significant increase from the $3.9 million paid in November 2020. Additionally, the casinos disclosed that they submitted $13.0 million to Detroit for wagering taxes and development agreement payments during the same period.
In the fantasy contest race, DraftKings emerged as the leader in Michigan for October, surpassing its competitor FanDuel.
The state’s reporting of numbers for casino and sports betting totals is consistently a month behind. In the month of October, operators disclosed adjusted revenue of $1.7 million, contributing $147,693 as state tax revenue.
DraftKings generated $1.0 million in revenue and paid a total of $84.474 in state taxes. In comparison, FanDuel earned $661,707 in revenue and paid $55,583 in state taxes.
Adjusted revenue for the year amounted to $13.9 million, while taxes paid totaled $1.2 million.
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