HomePublicationsCurrent NewsletterNewslettersVolume 23Issue 14Michigan Gaming Control Board Releases Detroit Casino Revenues for March 2017

On April 11, 2017, the Michigan Gaming Control Board (“MGCB” or “Board”) released the March 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 5% when compared to the same reporting period last year.

 

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

Total

$149,363,473.18

$124,101,030.10

$86,985,687.48


Specifically, MGM Grand Detroit’s revenue increased by 4.5%, and MotorCity’s  rose 3.2%, while Greektown’s revenue increased by 8.6% during March 2017 when compared to the same month last year.

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.

 

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

Total

$360,450,190.76

$29,196,465.45

$42,893,572.70

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


The March 2017 market shares for MGM Grand Detroit, MotorCity Casino, and Greektown Casino for 2016 were 41%, 35%, and 24%, 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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