Detroit casinos followed a strong start to the year with a disappointing February. The Michigan Gaming Control Board (MGCB) reported that properties produced just $98.0 million of revenue last month.
It’s the first time in 13 months since Detroit casinos did not generate at least $100.0 million in monthly revenue. That represents a 4.2% month-over-month decrease and a 6.5% year-over-year decrease.
In 2024, Detroit casinos got off to a slow start by recording $93.9 million, which caused some concern in the retail industry. However, figures bounced back in February.
This year is a reverse from last, where January got off to a hot start, followed by a cooler February. The industry is expected to get a boost in March, which has been the best month of the year since 2022.
