Detroit casinos can finally heave a huge sigh of relief after the Michigan Gaming Control Board released revenue figures for February 2023. For eight months running, retail casinos in Detroit witnessed a steady decline in financial income. Year-over-year comparisons have also been abysmal. But in February, the casinos pooled $105 million, representing significant increases over figures from January 2023 and February 2022.
At the heart of this financial growth was MGM Grand Detroit which took nearly half the entire market share in Michigan’s largest city. However, retail sportsbooks have not revealed any positive outlooks since the year began.