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Detroit casino revenue and wagering taxes reported for September, third quarter 2016

Detroit - The three Detroit casinos’ aggregate revenue for September was 4.3 percent higher than September 2015 results but fell 3.2 percent below August revenue. 

For the third quarter, aggregate revenue was up by 5.1 percent compared with the same period last year.

The three casinos’ year-to-date aggregate revenue was 1.7 percent higher than during the first nine months of last year.

MGM’s monthly revenue increased 7.2 percent to $48.5 million when compared with September 2015 results.  MotorCity revenue was up 3.6 percent to $37 million, and Greektown revenue rose a fractional 0.3 percent to $26.7 million compared with results for the same month last year. 

Compared with the third quarter of 2015, MGM's quarterly revenue climbed 9.1 percent to $150 million. Quarterly revenue for MotorCity rose 3.5 percent to $115.4 million. Greektown’s $81.1 million in quarterly revenue was a fractional 0.5 percent higher than third quarter 2015 results.

During September, the market shares were:

  • MGM, 43 percent
  • MotorCity, 33 percent
  • Greektown 24 percent
  • The state of Michigan received $9.1 million in gaming taxes from the three Detroit casinos in September compared with $8.7 million for the same month last year.

    The three Detroit casinos reported submitting $17.8 million in wagering taxes and development agreement payments to the City of Detroit during September.

    "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."