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Detroit casinos report 7.1 percent year-over-year aggregate revenue increase in January
February 13, 2020
Detroit, February 13, 2020 — The three Detroit casinos reported $120 million in aggregate revenue during January for a 7.1 percent year-over-year revenue increase. January revenue was down 6.1 percent compared with December 2019 results of $127.8 million.
Compared with January 2019 results, Motor City’s $41.8 million in monthly revenue was an 11.7 percent year-over-year increase and the largest percentage climb for the three properties. Greektown revenue at $28.2 million was 9.8 percent higher than January 2019. MGM revenue rose 2.1 percent to $50 million.
The market shares during January were:
During January, the three Detroit casinos paid $9.7 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 $14.3 million in wagering taxes and development agreement payments to the City of Detroit during January.
"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."