Detroit casino aggregate revenue falls 59.3 percent through June as COVID-19 health concerns kept the doors closed

Contact: Mary Kay Bean 313-456-1344

Detroit, July 14, 2020The Detroit casinos' year-to-date aggregate revenue fell 59.3 percent through June 30 as the COVID-19 health emergency has kept their doors closed since March 16.

During the first six months of 2019, the casinos reported $735.4 million in aggregate revenue or $436.2 million more than year-to-date 2020 results. This year, the casinos reported $299.2 million in aggregate revenue through mid-March.

YTD 2020 Detroit casino results compared with 2019 (through June 30)

Casino

YTD 2020 Revenue

(in millions)

YTD 2019 Revenue

(in millions)

YTD Revenue Change from Previous Year

(in millions)

YTD Percentage Comparison

(+ or -)

MGM Grand Detroit

$126.5

$315.1

- $188.6

- 59.8%

MotorCity Casino

$102.6

$250.5

- $147.9

- 59.0%

Greektown Casino

$70.1

$169.8

- $99.7

- 58.7%

Total

$299.2

$735.4

- $436.2

- 59.3%

 

Through June 30, the Detroit casinos paid $24.2 million in state gaming taxes compared with $59.5 million for the same period last year, which is a $35.3 million decrease.

The three Detroit casinos reported submitting $35.6 million in wagering taxes and development agreement payments to the City of Detroit year to date compared with $87.5 million for the same six-month period last year, which is a $51.9 million decrease.

Fantasy Contests

During May, fantasy contest operators reported total adjusted revenue of $329,173 and paid taxes of $27,651 to the State of Michigan.

Fantasy contest operators reported $3,564,620 in aggregate adjusted revenue through June 30 and paid $299,428 in taxes.

"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."