HomePublicationsNewsletter ArchiveVolume 26Issue 20Detroit Casinos' Year-To-Date Aggregate Revenue Down 39.2 Percent Through April

Since the closure of Detroit casinos in mid-March, there has been a large decrease in revenue. For the first four months of this year, aggregate revenue is down 39.2 percent compared to the first four months in 2019. Since casinos were closed for the month of April, there was no revenue to report.

In addition to the aggregate revenue decrease that the casinos have seen as a result of COVID-19, Detroit taxes paid by casinos through April 30 have decreased by $15.6 million in the first four months of the year compared to 2019. The casinos have also seen a $23 million decrease in wagering taxes. Fantasy contest operators reported for the first quarter that they paid $240,547 in state taxes from their $2,863,655 in revenue.

 

 

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