Detroit Casino Revenues and Wagering Taxes for September 2014

Detroit—The three Detroit casinos’ aggregate revenue was down 3 percent for the month ending Sept. 30, 2014, compared with September 2013, and September revenue was down 8.5 percent compared with August 2014.

Through Sept. 30, the Detroit casinos’ year-to-date aggregate revenue was down 2.9 percent compared with the same period last year.

Compared with September 2013, Greektown’s revenue was up 4.7 percent at $26.6 million. MotorCity’s revenue was down 6.8 percent to $33.3 million, and MGM’s revenue was down 4.4 percent to $43.3 million.

Market shares for September 2014 were:

• MGM: 42 percent
• MotorCity: 32 percent
• Greektown: 26 percent

Third quarter results

Third-quarter 2014 aggregate revenue for the Detroit casinos also was down 1.3 percent compared with July through September 2013.

Greektown’s quarterly gaming revenue was up 5.4 percent at $82.7 million compared with the third quarter of 2013. MGM’s quarterly gaming revenue of $136.8 million was down 5.1 percent, and MotorCity’s quarterly gaming revenue of $107.6 million was down 1.3 percent compared with the third quarter last year.

Gaming taxes

For the month ending Sept. 30, 2014, gaming taxes for the three Detroit casinos were $8.4 million compared with $8.6 million for the same month last year. Third quarter 2014 gaming taxes for the three Detroit casinos were $26.5 million compared with $26.9 million for the same period last year.