Detroit casino revenues and gaming taxes reported for Third Quarter and September 2018

Contact: Mary Kay Bean 313-456-1344

Detroit, Oct. 9, 2018 - The three Detroit casinos reported $355 million in aggregate revenue during the third quarter for a 3.2 percent revenue increase compared with the same period last year.  September aggregate revenue of $115.2 million was 1.4 percent higher than in September 2017, but results fell 4.4 percent from August’s monthly revenue of $120.5 million. 

For the first nine months of the year, the Detroit casinos recorded $1.08 billion in aggregate revenue. This was a 2.3 percent increase compared with the same period last year.

 

Quarterly and September Results Breakdown

Casino

Q3 Revenue

(in millions)

Increase/Decrease vs. Q3 2017

September Revenue

(in millions)

Increase/Decrease vs. Sept. 2017

MGM Grand Detroit

$153.2

+4.2%

$49.7

+3.5%

MotorCity

$119.3

+1.7%

$38.8

+1%

Greektown

$82.5

+3.5%

$26.7

-1.8%

 

September market shares were:

  • MGM, 43 percent

  • MotorCity, 34 percent

  • Greektown, 23 percent

During September, the three Detroit casinos paid $9.3 million in gaming taxes to the State of Michigan compared with $9.2 million for the same period last year. The State of Michigan received $28.8 million in gaming taxes from the three Detroit casinos during the third quarter compared with $27.9 million for the same period last year.

The three Detroit casinos reported submitting $14.2 million in wagering taxes and development agreement payments to the City of Detroit during September. During the third quarter, the casinos reported submitting $46.9 million in wagering taxes and development agreement payments to the City of Detroit.

"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."