Detroit’s three commercial casinos had their best year for annual revenue in five years, thanks to a strong final quarter. Including $109.3 million for December’s total, that brings the commercial casinos to a combined total of $1.28 billion for 2024. The last time they made more money in a year was 2019 ($1.45 billion) —not coincidentally, the year before the disruptions caused by COVID-19.
The retail industry has had its fair share of hurdles to clear over the years, with the pandemic and a casino strike being the two most notable. Still, the vertical appears to be stabilizing, and the last few months have been strong.
Revenue totals are still slightly down from pre-pandemic totals. However, 2024 can be seen as an encouraging year for Detroit properties.
