Detroit casino revenue is down 8.8% year on year.

In January, Detroit's three casinos made $94.4 million in revenue, down 8.8% from last year. Table games, and sports betting brought in $93.9 million, with $500,221 from sports betting.

Compared to December, overall revenue fell 18.8%. MGM had 48% market share, MotorCity had 30%, and Greektown's Hollywood Casino had 22%.

Table games and slots revenue dropped 9.1% from last January and 15.7% from December. MGM's revenue fell 11.3%.

 

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It's unfortunate to hear that Detroit's casino revenue has experienced a decline in January, with an 8.8% decrease compared to the same period last year. The data suggests that table games and sports betting generated a total revenue of $93.9 million, with sports betting contributing $500,221 to that amount.

Additionally, it seems that the overall revenue has seen a significant downturn compared to December, with an 18.8% decline. In terms of market share, MGM accounted for 48%, MotorCity held 30%, and Greektown's Hollywood Casino had 22%.

The report also highlights a decline in table games and slots revenue, which dropped 9.1% in comparison to last January and 15.7% from December. MGM was particularly affected, experiencing an 11.3% decline in revenue.

While it is a concerning trend, it's important to analyze the factors that might have contributed to these declines. Several factors could be at play, including seasonal fluctuations, economic conditions, or changes in consumer preferences.