Detroit casino revenues and wagering taxes reported for March, first quarter

Contact: Mary Kay Bean 313-456-1344

Detroit, April 11, 2017 - The three Detroit casinos’ monthly revenue rose 5 percent in March to $131.2 million compared with March 2016 results. March revenue was 11.9 percent higher than February 2017 revenue. During the first quarter, the casinos’ aggregate revenue at $360.5 million was up 2.9 percent compared with the first quarter of 2016.

March Results

Revenue rose at all three casinos during March when compared with the same month last year.

Casino

Revenue

Increase

MGM

$54.2 million

4.5%

MotorCity

$45.1 million

3.2%

Greektown

$32.0 million

8.6%

 

March market shares were:

  • MGM – 41 percent

  • MotorCity – 35 percent

  • Greektown – 24 percent

The three Detroit casinos paid $10.6 million in taxes to the state of Michigan during March compared with $10.1 million in March 2016. The three Detroit casinos reported submitting $15.6 million in wagering taxes and development agreement payments to the City of Detroit during March.

First Quarter 2017 Results

Revenue was up at all three casinos during the first quarter when compared with 2016 results.

Casino

Revenue

Increase

MGM

$149.4 million

2.5%

MotorCity

$124.1 million

2.4%

Greektown

$87.0 million

4.2%

 

The three Detroit casinos paid $29.2 million in gaming taxes during the first quarter of 2017 compared with $28.4 million for the same period last year.

"The Michigan Gaming Control Board shall ensure the conduct of fair and honest gaming to protect the interests of the citizens of the State of Michigan."