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Record sports betting occurred at Detroit casinos due to the commencement of the NFL season and the first complete month of legalized sports betting in Michigan.
In September, the sports betting industry in Detroit’s commercial casinos witnessed a staggering $33.5 million being wagered, resulting in an impressive revenue of $4.3 million. Comparatively, the combined total of two previous partial months, equivalent to a full month of gaming, saw $16.3 million in bets and revenue slightly surpassing $2 million.
MGM continued to dominate the sports betting handle and revenue among Detroit’s three casinos in MI, as the overall numbers doubled.
In September, the BetMGM Sports Lounge at MGM saw a total of $14.6 million bet. At the FanDuel Sportsbook in MotorCity, $12.9 million was wagered. On the other hand, Greektown received $5.8 million in sports bets.
| Licensee | Handle | Revenue | State Tax | Local Tax |
|---|---|---|---|---|
| MGM Grand | $14,682,036 | $2,096,338 | $79,242 | $96,851 |
| MotorCity | $12,968,139 | $1,557,561 | $58,876 | $71,959 |
| Greektown | $5,853,753 | $722,509 | $27,311 | $33,380 |
| Grand Traverse | ? | ? | $0 | $0 |
| Hannahville | ? | ? | $0 | $0 |
| Little River | ? | ? | $0 | $0 |
| Little Traverse Bay | ? | ? | $0 | $0 |
| Nottawaseppi Huron | ? | ? | $0 | $0 |
| Pokagon | ? | ? | $0 | $0 |
| Total | $33,503,929 | $4,376,407 | $165,428 | $202,190 |
In September, the city of Detroit generated $202,190 in tax revenue from sports betting, while the state of Michigan collected $165,428. The cumulative figures for the year stand at $298,406 for Detroit and $244,150 for Michigan.
MGM also leads in overall casino revenue
In terms of total casino revenue, MGM Grand Detroit led the way, generating $36.1 million. MotorCity Casino followed closely behind with $32.1 million, while Greektown Casino recorded $19.5 million in revenue.
In September, the casinos generated $87.9 million in revenue while operating at a 15% capacity restriction.
The figure showed a decrease of 21.7% compared to September 2019. Looking at the entire year, the Detroit casinos witnessed a significant decline of 58% when comparing the first nine months of this year to the same period last year.
The primary cause for the decline can be attributed to the coronavirus pandemic, as all three commercial casinos in Detroit and the entirety of the state’s tribal casinos ceased operations on March 16.
MotorCity’s market share on the move in MI sports betting
Since March, MGM has accumulated almost half of Detroit’s market share, representing an impressive 49% of the city’s bets as September commenced.
Nevertheless, MotorCity dominated the city’s sports bets in September, accounting for a staggering 38.7% share, causing MGM’s overall percentage to dwindle to 43.8%. Greektown, on the other hand, experienced a slight decline, with its market share dropping to 17.4% in September compared to a combined 18.2% in March and August.
FanDuel has consistently offered odds boosts for MotorCity customers during the football season, unlike MGM. However, this situation may alter once online players gain access to sports betting apps in the near future.
Next month, Greektown anticipates a significant boost as it prepares to unveil a permanent Barstool Sportsbook.
On March 11, sports betting became available in Michigan, only to be followed by the closure of Detroit’s casinos just five days later due to the coronavirus outbreak. However, the casinos in Detroit resumed operations on August 5, with MGM reopening two days later on August 7.
In Michigan, over 10 tribal casinos have the option to accept sports bets, yet they are not obligated to disclose their earnings to the Michigan Gaming Control Board.
Later this year, following the launch of online gambling, all 15 casino operators in the state will provide reports on their online sports betting and online casino statistics.
Michigan fantasy sports revenue breaks records in August
In August, fantasy contest operators experienced their most successful month since becoming taxpayers in Michigan this year.
Before the NFL season began in September, the Michigan daily fantasy sports and other fantasy contest operators generated $2.2 million in revenue, from which they paid over $189,000 in taxes.
DraftKings maintained its lead over competitor FanDuel in terms of market share, generating $1.1 million in revenue (representing 50.8% of the market share) compared to FanDuel’s $952,246.06 (representing 42.1%).
In terms of fantasy contests revenue, the Fantasy Football Players Championship ranked as the third highest in Michigan, bringing in $148,395.07 (6.6%).
| Operator | Adjusted revenue | Tax collected |
|---|---|---|
| Total | $2,260,421.99 | $189,875.45 |
| DraftKings | $1,148,952.33 | $96,512.00 |
| FanDuel | $952,246.06 | $79,988.67 |
| Fantasy Football Players Championship | $148,395.07 | $12,465.19 |
| Yahoo Fantasy Sports | $7,203.15 | $605.06 |
| FullTime Fantasy Sports Network | $3,624.02 | $304.42 |
| SportsHub Games Network | $1.36 | $0.11 |
| Fantasy Sports Shark | $0.00 | $0.00 |
| Boom Shakalaka Inc. | $0.00 | $0.00 |
“The cat jumped onto the table and knocked over the vase.” <br>”The vase was knocked over by the cat as it jumped onto the table.”
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