HomePublicationsNewsletter ArchiveNewslettersVolume 21Issue 2Michigan Gaming Control Board Releases Year End Detroit Casino Revenues for 2014

The Michigan Gaming Control Board (“MGCB” or “Board”) released the December, 2014 total adjusted revenue figures for the three Detroit casinos—MGM Grand Detroit Casino, MotorCity Casino and Greektown Casino. Overall, the 2014 aggregate revenues for the Detroit casino market were down 1.2% to $1.33 billion, when compared to total revenues from 2013. Specifically, 2014 aggregate revenues for MGM Grand Detroit Casino, MotorCity Casino and Greektown Casino were down 1%, 2.1%, and 0.5%, respectively in comparison to total revenues from 2013.

 

Month in 2014

Total Adjusted Revenue 2014

MGM Grand Detroit

MotorCity Casino

Greektown Casino

 

Total Adjusted Revenue

Total Adjusted Revenue

Total Adjusted Revenue

January

$41,231,507.57

$31,710,276.19

$23,106,523.77

February

$47,575,032.11

$37,245,026.02

$25,788,555.32

March

$50,756,665.25

$42,961,184.96

$31,218,833.96

April

$46,974,038.53

$38,240,494.81

$27,058,910.49

May

$47,385,946.12

$39,070,816.47

$28,051,733.40

June

$49,682,916.37

$34,026,664.62

$25,298,039.91

July

$46,343,669.19

$36,460,812.42

$28,531,147.02

August

$47,205,939.88

$37,911,812.76

$27,545,154.13

September

$43,262,784.01

$33,252,420.87

$26,596,444.33

October

$47,044,684.28

$37,675,876.39

$28,654,577.50

November

$43,547,041.66

$36,833,928.99

$26,398,768.90

December

$50,116,541.20

$39,615,094.24

$28,402,705.96

Total

$561,126,766.17

$445,004,408.74

$326,651,394.69

 

 

Month in 2014

Total Adjusted Revenue and Taxes 2014

All Detroit Casinos

 

Total Adjusted Gross Receipts

Total State Wagering Tax

Total Detroit Wagering Tax

January

$96,048,307.53

$7,779,912.91

$10,469,265.52

February

$110,608,613.45

$8,959,297.69

$12,056,338.87

March

$124,936,684.17

$10,119,871.42

$13,618,098.57

April

$112,273,443.83

$9,094,148.95

$12,237,805.38

May

$114,508,495.99

$9,275,188.18

$12,481,426.06

June

$109,007,620.90

$8,829,617.29

$11,881,830.68

July

$111,335,628.63

$9,018,185.92

$12,135,583.52

August

$112,662,906.77

$9,125,695.45

$12,280,256.84

September

$103,111,649.21

$8,352,043.59

$11,239,169.76

October

$113,375,138.17

$9,183,386.19

$12,357,890.06

November

$106,779,739.55

$8,649,158.90

$11,638,991.61

December

$118,134,341.40

$9,568,881.65

$12,876,643.21

Total

$1,332,782,569.60

$107,955,388.14

$145,273,300.09

For the month of December, revenue for the Detroit Market was up 10.3% from the same reporting period last year. Specifically, revenue for MGM Grand Detroit Casino, MotorCity Casino and Greektown Casino was up 11.5%, 7.6%, and 12%, respectively, in December, 2014 in comparison to the same month last year.

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

The figures released by the Michigan Gaming Control 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, service providers or vendors; and 4) other normal business expenses.

 

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