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Detroit casinos report $115.7 million in October revenue, keep pace with year-to-date 2018 results
November 05, 2019
Detroit, Nov. 5, 2019 - The three Detroit casinos reported $115.7 million in aggregate revenue for October, which was down 0.3 percent from October 2018 results and 3 percent higher than September 2019 revenue. Through October, the three casinos' aggregate revenue is 0.3 percent higher than revenue for the first 10 months of last year.
MotorCity saw a 1.9 percent increase in revenue to $39.3 million compared with October 2018. Both MGM and Greektown experienced year-over-year declines for the month. MGM revenue at $48.9 million was down 1.8 percent, and Greektown revenue at $27.5 million was off 0.4 percent compared with October 2018 results.
The monthly market shares were:
During October, gaming taxes for the three Detroit casinos paid $9.37 million in state gaming taxes compared to $9.39 million for the same period last year.
The three Detroit casinos reported submitting $14.3 million in wagering taxes and development agreement payments to the City of Detroit during October.
"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."