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Detroit casino revenue and wagering taxes reported for October 2016
November 10, 2016
Detroit - The three Detroit casinos posted a 1.9 percent decline in aggregate revenue during October compared with October 2015 results. October aggregate revenue also dropped 1.3 percent below September numbers.
Through October 31, the Detroit casinos’ aggregate revenue is 1.3 percent higher than during the first 10 months of last year.
Compared with October 2015 results, MGM’s revenue fell a fractional 0.3 percent to $47.3 million during October. MotorCity’s monthly revenue declined 1.6 percent to $37.2 million. Greektown’s monthly revenue was down 5 percent to $26.2 million.
The market shares during October were:
The three Detroit casinos paid $9 million in gaming taxes to the State of Michigan in October compared with $9.1 million for the same month last year.
During October, the casinos reported submitting $13.7 million in wagering taxes and development agreement payments to the City of Detroit.
"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."