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Detroit casino revenues and wagering taxes reported for November 2016
December 14, 2016
Detroit - The three Detroit casinos’ November aggregate revenue of $111.5 million topped November 2015 results by 2.6 percent. Monthly revenue was a fractional 0.7 percent higher in November than in October.
The casinos’ year-to-date aggregate revenue of $1.269 billion was 1.4 percent higher than during the first 11 months of 2015.
Compared with November 2015, MGM’s revenue rose 3.2 percent to $48.2 million. MotorCity’s revenue grew 2.8 percent to $37.2 million. Greektown’s revenue increased 1.3 percent to $26.1 million.
The November market shares were:
MGM, 43 percent
MotorCity, 34 percent
Greektown, 23 percent
The three Detroit casinos paid $9 million in state gaming taxes during November compared with $8.8 million during November 2015.
The three Detroit casinos reported submitting $18 million in wagering taxes and development agreement payments to the city of Detroit during November.
"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."