Michigan Casino: MGM flourishes in Detroit's market in January
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In January, Michigan’s three real-money casinos generated $100.9 million in income. MGM Grand Detroit continues to lead the market with a 49 percent market share. MotorCity Casino”s 30% market shares is second, and Greektown‘s 21%.
In January, monthly gaming income increased 43.3% for MGM and 4.1% to $20.45 million for Greektown, but fell 9.9% at MotorCity. The casinos operated at reduced capacity due to pandemic-related health concerns. They paid the state of Michigan $8 million in gaming taxes.
Retail sports betting qualified adjusted gross receipts fell 52.4 percent to $1.93 million in January from a year ago. The total handle for the month was $35.87 million. Greektown led the way with $929,796, followed by MotorCity with $521,493 and MGM with$481,785.
MGM Grand Detroit is the first Las Vegas-style resort to open in a large urban core. It is one of the area's largest employers. The hotel accepts visitors who are 21 years of age or older.
