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Detroit casino revenues and gaming taxes reported for June, second quarter 2017
July 11, 2017
DETROIT, July 11, 2017 - The three Detroit casinos’ aggregate monthly revenue rose 4.1 percent to $113 million during June compared with June 2016 results. The Detroit casinos’ second quarter revenue increased 1.3 percent from 2016 second quarter numbers to $354 million.
June revenue fell 5.7 percent below May 2017 revenue. The three Detroit casinos’ year-to-date 2017 aggregate revenue of $714 million was 2.1 percent higher than revenue during first six months of 2016.
June Revenue Detail
Compared with June 2016 results, MotorCity Casino and Greektown casino each saw 5-percent-plus revenue increases. MotorCity’s revenue climbed 5.7 percent to $37.9 million. Greektown’s revenue rose 5.4 percent to $26.5 million. MGM’s monthly revenue was up 2.2 percent to $48.6 million compared with June 2016 results.
June market shares
The market shares during June were:
During June, the three Detroit casinos paid $9.2 million in state gaming taxes compared with $8.8 million for the same month last year.
The three Detroit casinos reported submitting $13.5 million in wagering taxes and development agreement payments to the City of Detroit during June.
Second Quarter Detail
During the second quarter, MGM’s gaming revenue of $148.7 million was a fractional 0.8 percent below second quarter 2016 numbers. MotorCity’s quarterly revenues of $120.7 million were up 3 percent compared with the same period in 2016. Greektown recorded $84.6 million in quarterly revenue, which was 2.7 percent higher than second quarter 2016 results.
Second Quarter Taxes
The three Detroit casinos paid $28.7 million in state gaming taxes during the second quarter compared with $28.3 million for the same period last year.
The three Detroit casinos reported submitting $42.2 million in wagering taxes and development agreement payments to the City of Detroit during the second quarter.
"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."