Detroit Casino Revenues and Wagering Taxes Reported for March and First Quarter
April 07, 2015
Detroit - The three Detroit casinos’ aggregate gaming revenue during March was down by 0.8 percent compared with March 2014 and 8.3 percent higher than in February.
For the first quarter, the casinos’ aggregate gaming revenue was up 5.4 percent compared with the same period a year earlier.
March 2015 Results
MotorCity Casino’s gaming revenue was up 1.1 percent to $43.4 million when compared with March 2014.
Gaming revenue at both MGM and Greektown declined 1.8 percent compared with the same month last year. MGM recorded $49.8 million in revenue, and Greektown revenue was $30.6 million.
For the month, market shares were:
- MGM: 40 percent
- MotorCity: 35 percent
- Greektown: 25 percent
The three casinos paid $10 million in gaming taxes during March compared with $10.1 million for the same month in 2014.
First Quarter Results
MotorCity’s first quarter gaming revenue was up 7.7 percent to $120.5 million. Greektown gaming revenue rose 6.4 percent to $85.3 million while MGM was up 2.9 percent to $143.6 million for the period.
During the first quarter, the three Detroit casinos paid $28.3 million in gaming taxes compared with $26.9 million during the same period in 2014.
"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."