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Detroit casino revenues and wagering taxes reported for February 2016
March 22, 2016
Detroit - The three Detroit casinos’ aggregate revenue in February was 1.7 percent higher than same-month totals last year. The casinos’ aggregate revenue for February topped January results by 6.7 percent.
The three casinos’ year-to-date revenue rose a slight 0.01 percent compared with January and February 2015.
Compared with February 2015 results, MotorCity and Greektown revenues were up during the month while MGM saw a slight decline in revenue. MotorCity revenues in February rose 3.5 percent to $40.4 million, and Greektown revenues were up 3.4 percent to $28.8 million. MGM revenue fell 0.7 percent to $47.2 million.
The three casinos’ February market shares were:
During February, the casinos paid $9.4 million in gaming taxes to the state of Michigan compared with $9.3 million for the same month last year.
The three Detroit casinos reported submitting $13.9 million in wagering taxes and development agreement payments to the city of Detroit during February.
"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."