Detroit Casinos Put City Among Top 10 Gaming Markets In The Country

Detroit Casinos Put City Among Top 10 Gaming Markets In The Country

Detroit's retail casinos generated $1.29 billion in retail casino and sports betting revenue in 2020. The American Gaming Association released its annual State of the States report. Motown moved up to eighth among commercial gaming markets nationwide, from 10th.

Detroit casinos brought in $1.27 billion from traditional gaming devices and table games and $27.3 million from their retail sportsbooks. Las Vegas Strip remains the top gaming market in the country.

Online gaming does not seem to have slowed Detroit casinos. The total of $1.29 billion is still below the record $ 1.45 billion in revenue generated in 2019. Pandemic restrictions and capacity limits for nearly six months played a bigger role. Covid-19 cases are climbing in the state.

MGM accounted for 48% of the casino market share in April with more than $56.7 million in revenue. MotorCity had 31% market shares, Greektown 21%. Barstool Sportsbook at Greek Town was the leader in retail sports betting with $15.1 million. FanDuel Sportsbooks at Motor City and MGM Sports Lounge had $4.5 million and $405,385 respectively in handle.

Detroit Casinos Put City Among Top 10 Gaming Markets In The Country. Barstool at Greektown: $15.1 million in handle, $912,513 in qualified adjusted gross receipts (QAGR), FanDuel Sportsbook at MotorCity: $4.5 million, BetMGM Sports Lounge: $4,7 million and $405,385 in QAGRs.

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