June 08, 2020
Detroit, June 8, 2020 – The three Detroit casinos’ year-to-date aggregate revenue of $299.2 million was down by 51.6 percent through May compared with $617.9 million in aggregate revenue reported for the same five-month period last year.
The casinos did not produce revenue in May because they were ordered to remain closed due to COVID-19 health concerns. Gov. Gretchen Whitmer’s Executive Order 2020-110 continues the closure of the casinos until further notice.
YTD Detroit casino results compared with 2019 (through May 31)
|
Casino |
YTD 2020 Revenue (in millions) |
YTD 2019 Revenue (in millions) |
YTD Change in Revenue from Previous Year (in millions) |
YTD Percentage Comparison (+ or -) |
|
MGM Grand Detroit |
$126.5 |
$264.4 |
- $137.9 |
- 52.1% |
|
MotorCity Casino |
$102.6 |
$210.6 |
- $108.0 |
- 51.3% |
|
Greektown Casino |
$70.1 |
$142.9 |
- $72.8 |
- 50.9% |
|
Total |
$299.2 |
$617.9 |
- $318.7 |
- 51.6% |
Taxes and Other Payments
Through May 31, the three Detroit casinos paid $24.2 million in state gaming taxes compared with $50 million for the same period last year. The result is a $25.8 million decrease in tax payments.
The three Detroit casinos reported submitting $35.6 million in wagering taxes and development agreement payments to the City of Detroit through May compared with $73.5 million for the same period last year. The result is a $37.9 million decrease in payments to the city.
Fantasy Contests
For the month ended April 30, fantasy contest operators reported total adjusted revenues of $184,289 and paid the state $15,480 in taxes.
Year-to-date through April, fantasy contest operators reported aggregate adjusted revenues of $3.1 million and paid $263,643 in taxes.
"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."
