HomePublicationsNewsletter ArchiveNewslettersVolume 23Issue 26Michigan Gaming Control Board Releases Detroit Casino Revenues for July 2017

The Michigan Gaming Control Board (“MGCB” or “Board”) released the July 2017 total adjusted revenue figures for the  three Detroit casinos – MGM Grand Detroit Casino, MotorCity Casino and Greektown Casino. Overall, the revenue for the Detroit market was up 0.5% when compared to the same reporting period last year.

Overall the three casinos’ year-to-date aggregate revenue is tracking 1.8 percent higher than results for the first seven months in 2016.

 

Month in 2017

Total Adjusted Revenue 2017

MGM Grand
Detroit

MotorCity
Casino

Greektown
Casino

 

Total Adjusted Revenue

Total Adjusted Revenue

Total Adjusted Revenue

January

$47,122,785.88

$38,437,983.01

$26,444,022.40

February

$48,090,071.92

$40,560,815.83

$28,590,936.09

March

$54,150,615.38

$45,102,231.26

$31,950,728.99

April

$49,596,029.88

$42,121,055.77

$29,280,455.10

May

$50,523,650.08

$40,664,492.10

$28,757,824.72

June

$48,614,446.33

$37,943,849.44

$26,515,591.39

July

$51,207,554.53

$40,495,541.62

$27,322,068.37

Total

$349,305,154.00

$285,325,969.03

$198,861,627.06

 

 

Month in 2017

Total Adjusted Revenue and Taxes 2017

All Detroit Casinos

 

Total Adjusted Gross Receipts

Total State Wagering Tax

Total Detroit  Wagering Tax*

January

$112,004,791.29

$9,072,388.09

$13,328,570.16

February

$117,241,823.84

$9,496,587.73

$13,951,777.04

March

$131,203,575.63

$10,627,489.63

$15,613,225.50

April

$120,997,540.75

$9,800,800.80

$14,398,707.35

May

$119,945,966.90

$9,715,623.32

$14,273,570.06

June

$113,073,887.16

$9,158,984.86

$13,455,792.57

July

$119,025,164.52

$9,641,038.33

$14,163,994.58

Total

$833,492,750.09

$67,512,912.76

$99,185,637.26

*Total includes wagering tax and development agreement payments to the city of Detroit as reported by the casinos

Revenue increased at MGM Grand Detroit, while revenue was down slightly at MotorCity and Greektown casinos, compared with July 2016. Specifically, MGM Grand Detroit revenue increased 2 percent to $51.2 million, MotorCity revenue decreased 0.2 percent to $40.5 million, and Greektown was down 1.4 percent to $27.3 million.

All three casinos are subject to a wagering tax of 19%, with 10.9% of this levy payable to the City of Detroit and 8.1% payable to the State of Michigan.

The July 2017 market shares for MGM Grand Detroit, MotorCity Casino, and Greektown Casino were 43%, 34%, and 23%, respectively.

The figures released by the Board are the gross receipts less winnings paid to wagerers. The figures do not include: 1) any fees or other relevant city, state or federal taxes; 2) wages and benefits paid to casino employees; 3) payments to suppliers, services providers or vendors; nor 4) other normal business expenses.

 

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