Detroit casinos post 5.6 percent year-over-year aggregate revenue increase for November
December 11, 2019
Detroit, Dec. 11, 2019 - The three Detroit casinos reported aggregate revenue of $124.2 million during November, a 5.6 percent increase compared with November 2018 results. Through November 30, the three casinos saw a 0.7 percent increase in aggregate revenue compared with the same period last year. November revenue exceeded October results by 7.4 percent.
Compared with November 2018 results, monthly revenue rose 2.8 percent to $53.9 million for MGM, 7.2 percent to $40.8 million at MotorCity and 8.7 percent to $29.5 million for Greektown.
The market shares were:
During November, the three Detroit casinos paid $10.1 million in gaming taxes to the State of Michigan compared with $9.5 million paid to the state in November 2018.
The three Detroit casinos reported submitting $19.7 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."