Detroit casinos report $109.7m AGR for August, increases 2.6%

The Michigan Gaming Control Board (MGCB) has reported the total commercial gaming activity for Detroit’s three commercial gaming properties during August, as adjusted gross revenue (AGR) reached $109.7m, equating to growth of 2.6%. 

For slot machine and table game activity in Detroit, the verticals combined to generate $108.9m, representing an increase of 3%. MGM Grand Detroit led all properties with $52.9m, having risen 2.3% year-over-year. 

While MotorCity Casino & Hotel accounted for nearly $33.8m of the city’s total slot machine and table game revenue and increased 8.3%, Hollywood Casino at Greektown reported a 2.6% decrease to $22.2m. 

The three commercial gaming properties reported $876,492 of retail sports betting AGR for August, equating to a decrease of 30.4%. Hollywood Casino at Greektown produced the most retail sports betting AGR with $342,921, while MotorCity was close behind with $262,761. 

While slot machine and table game revenue worked in MGM Grand Detroit’s favor, retail sports betting accounted for just $258,231 of the property’s total AGR for August, as fantasy contest operators managed to generate $481,406 in Detroit during the monthly period. 

Detroit’s retail sports betting handle rose 6% to just over $7.2m, while the casinos paid $32,656 in state taxes and $39,913 in wagering taxes for August activity. 

The city’s three commercial properties also submitted $8.8m in state gaming taxes during August, on top of $17.1m in total wagering taxes and development fees to the City of Detroit. 

On September 10, Robinhood Markets formed an agreement with the MGCB to pull its sports-related event contracts until litigation regarding prediction markets legality across the state has been decided upon.

Currently – Robinhood, Coinbase and Kalshi are awaiting rulings from the US Court of Appeals for the Sixth Circuit, while Attorney General Dana Nessel was recently granted a second preliminary injunction against Kalshi to forbid sports-related event contract trading.