HomePublicationsNewsletter ArchiveVolume 25Issue 34MICHIGAN GAMING CONTROL BOARD RELEASES DETROIT CASINO REVENUES & WAGERING TAXES FOR NOVEMBER, 2019

In a press release dated December 11, 2019, the Michigan Gaming Control Board (“MGCB” or “Board”) released the November 2019 revenue figures for the three Detroit casinos — MGM Grand Detroit Casino, MotorCity Casino and Greektown Casino.

The three Detroit casinos reported $124.2 million in aggregate revenue for November 2019, which was an increase of 7.4 percent from October. Revenues were 5.6 percent above the monthly revenue in November 2018. The year-to-date aggregate revenue totaled $1,326,439,578.

Please see the linked State of Michigan official financial report.

All three casinos experienced year-over-year increases for the month.  MotorCity saw a 7.2 percent increase in revenue to $40.8 million compared with November 2018, MGM revenue at $53.9 million was up 2.8 percent, and Greektown revenue at $29.5 million was up 8.7 percent compared with November 2018 results.

The November 2019 market shares for MGM Grand Detroit, MotorCity Casino and Greektown Casino were 43%, 33% and 24% respectively.

During November, the three Detroit casinos paid $10.1 million in state gaming taxes compared to $9.5 million for the same period last year. The three Detroit casinos reported submitting $19.7 million in wagering taxes and development agreement payments to the City of Detroit during November.

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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