Detroit commercial casinos produce record $1.454 billion yearly revenue in 2019

Contact: Mary Kay Bean 313-456-1344

Detroit, January 21, 2020 — The three Detroit commercial casinos reported record adjusted gross revenue of $1.454 billion during 2019, which is more than $10 million higher than the previous record revenue of $1.444 billion set in 2018.

Both MGM Grand Detroit and MotorCity Casino experienced their highest yearly adjusted gross revenue totals since the casinos opened in 1999. MGM Grand Detroit reported $623.5 million in yearly revenue compared with $619.2 million in 2018, which was its previous record revenue year. It was a 0.7 percent year-over-year increase.

MotorCity’s $493.6 million in yearly revenue also surpassed its former record of $489.7 million set in 2018. It was a 0.8 percent year-over-year increase.

Greektown Casino reported $337.2 million in adjusted gross revenue in 2019, which fell short of the casino’s all-time record $352.8 million in revenue established in 2011. Full-year 2019 revenue increased 0.6 percent year-over-year compared with 2018.

Full-year 2019 market shares were:

  • MGM Grand Detroit, 43 percent

  • MotorCity Casino, 34 percent

  • Greektown Casino, 23 percent

December and 4th Quarter Results

The following chart compares results with those from the same month or period in 2018:

 

Dec. Revenue (in millions)

Percentage Increase/Decrease

4Q Revenue

(in millions)

Percentage Increase/Decrease

MGM

$54.4

-0.5 percent

$157.2

+0.2

MotorCity

$43.3

+0.05 percent

$123.4

+2.9

Greektown

$30.1

+2.2 percent

$ 87.1

+3.4

Totals

$127.8

+0.3 percent

$367.7

+1.8

 

Taxes and Other Payments

The three casinos paid the State of Michigan $117.8 million in gaming taxes in 2019 compared with $117 million in 2018. The casinos paid $10.4 million in gaming taxes to the state in December compared with $10.3 million during December 2018.

The three casinos reported making $184.2 million in wagering taxes and development agreement payments to the city of Detroit throughout 2019. During December, the casinos reported making $16.2 million in wagering taxes and development agreement payments to the city.

"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."