Taking a closer look at the results of some US states, iGB analyzes a rise in revenue from sports betting in Kansas in May compared to the same period last year, and the growth in Detroit’s land-based casinos market.
In May, Kansas’s sports betting revenues increased by 10.1% to $9.8m ($7.7m/EUR9.1m). Detroit’s revenue from casinos has increased by 7.2%, to $113.2m.
Kansas was the first state to be analysed. Despite a growth of 5.8% year on year, the revenue generated by Kansas in April, which stood at $10,4m, is $5.8% less than what it was in Kansas in May. Online activity accounted for $9.6m in total sports betting revenues, while retail contributed $155,888.
Total player expenditure in May was $172.2m. This represents a 43.1% increase. In Kansas, this included $164.1m in online wagering and $8.1m from retail sportsbooks.
Taxes on sports betting brought in $976.764 for the state, with most of it coming from online gambling.
FanDuel, Kansas Star and Kansas Star are the leaders in this pack
In May, FanDuel and Kansas Star teamed up to take the top spot in Kansas’ online betting market. This partnership generated $5m revenue from wagers of $51.3m.
DraftKings, along with Boot Hill Casino as a partner, led the way in April and posted $4.4m from $75m of handle. Caesars, Kansas Crossing, and the other two casinos were only able to generate revenue. This was $213,734 from a $7m deal.
Only two retail partnerships produced revenue. FanDuel, Kansas Star, and Boot Hill were the top two with revenue of $143,640 from $748,252.
The total revenues for the first five months of the year, ending in May, reached $107.8m. The online revenues are $103.1m and the retail revenue is $4.7m.
In terms of handle, it reached $2.22bn during the same time period. This includes $2.13bn from online betting and $97.5m in retail.
Detroit’s casino and sports betting industry is growing
Detroit’s total revenue is up from the $105.6m of last year. In May, the $113.2m figure was also up 3.5% from April.
The revenue generated by table games and slot machines is $111,3m. This represents a 6.3% rise on the previous year.
Other $1.9m came from sports betting adjusted gross receipts, up by 80.1% compared to May 2023. The handle for May was down 34.3% to $11.1m.
MGM Detroit continues to be the market leader in Detroit, with a 46% share. MotorCity is ranked second, followed by Hollywood Casino Greektown at 23%.
MGM’s revenue from table and slot games increased by 5.3% on an annual basis to $51.9m. MotorCity saw a 4.9% increase in revenue, while Hollywood Casino’s casino revenue grew 10.3%.
MotorCity was the leader in sports wagering, with QAGR bringing in $825,176. MGM came in second with $545 028, followed by Hollywood Casino, which had $488 548.
The state of Michigan collected $9.0 million in gambling taxes as a result of casino activities, and $13.2m was paid to Detroit for wagering tax payments and agreements.
The casinos in Detroit paid wagering tax to the city and the state of $85874 for sports betting.
