Detroit casinos' revenue and wagering taxes reported for July 2018
August 14, 2018
Detroit, Aug. 14, 2018 - The three Detroit casinos reported aggregate revenue of $119.3 million during July for a fractional 0.3 percent increase from July 2017 results. July revenues were a fractional 0.2 percent higher than June 2018 results. Through July, the three casinos recorded a 1.7 percent aggregate revenue increase compared with results for the first seven months of last year.
Two casinos posted higher monthly revenues than in July 2017. Greektown revenue at $27.8 million was 1.8 percent higher. MotorCity revenue rose a fractional 0.3 percent to $40.6 million. MGM reported $50.9 million in revenue for a fractional 0.5 percent decline from July 2017.
The monthly market shares were:
During July, the three Detroit casinos paid $9.7 million in gaming taxes to the state of Michigan compared with $9.6 million during the same month last year.
The three Detroit casinos reported submitting $14.2 million in wagering taxes and development agreement payments to the City of Detroit during July.
"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."