Detroit casinos win $109 million in April, iGaming revenue, mobile sports betting

Publication date: May 12, 2021, 10: 39 hrs.

Last updated: may 12, 2021, 11: 06 h.

Detroit's three casinos reported combined gross gaming revenue (GGR) of nearly 109 million in April. That number will continue to rise when iGaming and mobile sports betting numbers are released later this month.

MGM Grand Detroit, MotorCity and Greektown won $ 108. 9 million from players playing slots, table games and sports betting in person.

MGM is the market leader with 40 percent market share, generating casino GGR of approximately $ 42. 8 million. MotorCity claimed 40 percent market share and Greektown 37 percent.

Slots and table games generated GGR of $ 107. 44 million. The Michigan Gaming Control Board (MGCB) does not separate the two numbers. Retail sports betting generated revenue of $1. 95 million, while fantasy contests for only 900, 000.

Three land-based casinos continue to operate on limited capacity under orders from Michigan Governor Gretchen Whitmer (D). Each casino floor is limited to 15 percent of its fire code capacity, but there have been no reports of guests who want to gamble being turned away.

An evolving industry

Michigan land-based casinos performed well below -pandemic business in April. The amount of 108. 9 million won last month is 13 percent lower than $ 125. 1 million of the three levels of games received in April 2019.

However, when iGaming and mobile sports betting are revealed by MGCB in the coming days the overall revenue number will almost certainly exceed the April 2019 total.

In March, online liars held $ 32. 3 million $359. 4 million in sports bets placed. Online casinos reported GGR of 55. 5 million.

Michigan's growing gaming industry is mimicking the national casino market. The American Gaming Association (AGA) reported this week that commercial gaming revenue from traditional casinos, both in-person and online sports betting and iGaming totaled more than $ 11. 1 billion in the first quarter . This matches the highest quarterly result in U.S. history, AGA reported.

But without mobile sports betting and iGaming, which were responsible for more than $1.7 billion in three months, the total GGR would have been well below the all-time record set in the first quarter of 2019.

Dominance of advertising on the Internet

When Michigan expanded its gaming industry to include sports betting and online casinos, the state incorporated federally recognized tribes that have on-site compact Class III gaming.

But in the early stages of iGaming and mobile sports betting, Detroit's commercial casinos dominate in terms of market share.

Of the $ 204. 1 million online casino GGR generated in January through March, online platforms MGM, MotorCity and Greektown were responsible for $ 120 million. As for mobile sports betting winnings of $55 million, Detroit's three commercial casinos accounted for $ 37. 4 million.

MGM Grand uses MGM Resorts interactive gaming and sports betting provider BetMGM. MotorCity partners with FanDuel, and Greektown uses Barstool Casino and a betting app. Greentown is operated by Penn National Gaming, which has a significant stake in Barstool Sports.