The web Browser you are currently using is unsupported, and some features of this site may not work as intended. Please update to a modern browser such as Chrome, Firefox or Edge to experience all features Michigan.gov has to offer.
Detroit Casino Revenues and Wagering Taxes for August 2014
September 10, 2014
FOR IMMEDIATE RELEASE: September 9, 2014
Detroit Casino Revenues and Wagering Taxes Reported for August 2014
Detroit—The three Detroit casinos’ aggregate revenue was down 0.2 percent for the month ending Aug. 31, 2014, compared with August 2013, but August revenue was up 1.2 percent compared with July 2014. Through Aug. 31, the Detroit casinos’ year-to-date aggregate revenue was down 2.9 percent compared with the same period last year.
Compared with August 2013, Greektown’s revenue was up 2.7 percent at $27.5 million. MotorCity’s revenue was down 2 percent to $37.9 million, and MGM’s revenue was down 0.4 percent to $47.2 million.
At today’s board meeting, the MGCB voted to renew the three Detroit casinos’ licenses for one year.
Market shares for August 2014 were:
- MGM: 42 percent
- MotorCity: 34 percent
- Greektown: 24 percent
For the month ending Aug. 31, 2014, gaming taxes for the three Detroit casinos were $9.13 million compared with $9.14 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."