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Detroit casino revenues and gaming taxes reported for October 2018
November 13, 2018
Detroit, Nov. 13, 2018 - The three Detroit casinos in October reported $116 million in aggregate revenue for a 2.9 percent year-over-year increase compared with the same month last year. Revenue also was up a fractional 0.6 percent from September. Year-to-date aggregate revenue for the three Detroit casinos was 2.4 percent higher than results for the first 10 months of 2017.
When compared with October 2017 results, MGM's revenue rose 2.8 percent to $49.8 million. MotorCity saw a fractional 0.5 percent increase to $38.6 million. Greektown's revenues increased 6.6 percent to $27.6 million.
The market shares were:
During October, three Detroit casinos paid $9.4 million in gaming taxes to the state of Michigan compared with $9.1 million for the same month last year.
The three Detroit casinos reported submitting $14.4 million in wagering taxes and development agreement payments to the city of Detroit during October.
"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."