HomePublicationsNewsletter ArchiveVolume 26Issue 32DETROIT CASINOS' YEAR-TO-DATE AGGREGATE REVENUE FALLS 65 PERCENT THROUGH JULY

The three Detroit casinos - MotorCity Casino, MGM Grand Detroit, and Greektown Casino - saw a 65 percent decrease in year-over-year aggregate revenue in July as compared with July 2019. Due to health concerns related to COVID-19, the casinos were ordered to close from March 16 through July. The casinos reopened last week on August 5.

In July 2019, the Detroit casinos recorded $119 million in aggregate revenue. In July 2020, MGM Grand Detroit saw a 65.5% decrease in year-over-year revenue, reporting $126.5 million in year-to-date revenue. MotorCity Casino saw a decrease of 64.8%, reporting $102.6 million in year-to-date revenue. Greektown Casino reported $70.1 million in year-to-date revenue, which was a 64.3% decrease from July 2019.

The casinos paid $24.2 million in gaming taxes to the State of Michigan and $35.6 million to the City of Detroit through July 31 of this year. By July 31, 2019, the casinos had paid $69.2 million to the State and $101.7 million to the City of Detroit.

For the month ending June 30, fantasy contest operators reported total adjusted revenues of $488,050 and paid taxes of $40,996 to the State of Michigan. Through June 30, fantasy contest operators reported year-to-date adjusted revenues of $4,052,669 and taxes paid to the State of $340,424.

 

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Michigan Gaming Control Board Public Hearing - Internet Sports Betting and Internet Gaming Rules

September 23, 2020 - 1:00 PM-4:00 PM

 

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October 13, 2020 - 9:30 AM

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