HomePublicationsNewsletter ArchiveNewslettersVolume 21Issue 4Michigan Gaming Control Board Releases Detroit Casino Revenues for January, 2015

The Michigan Gaming Control Board (“MGCB” or “Board”) released the January, 2015 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 15.6% compared to the same reporting period last year. Specifically, revenue for MGM Grand Detroit Casino, MotorCity Casino, and Greektown Casino was up by 12.1%, 20%, and 15.7%, respectively, during January 2015 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 to go to the City of Detroit and 8.1% to be paid to the State of Michigan.

 

Month in 2015

Total Adjusted Revenue 2015

MGM Grand Detroit

MotorCity Casino

Greektown Casino

 

Total Adjusted Revenue

Total Adjusted Revenue

Total Adjusted Revenue

January

$46,227,016.63

$38,061,452.27

$26,733,375.86

Total

$42,227,016.63

$38,061,452.27

$26,733,375.86

The market shares for MGM Grand Detroit, MotorCity Casino, and Greektown Casino for January 2015 were 42%, 34%, and 24%, respectively.

 

Month in 2015

Total Adjusted Revenue and Taxes 2015

All Detroit Casinos

 

Total Adjusted Gross Receipts

Total State Wagering Tax

Total Detroit Wagering Tax

January

$111,021,844.76

$8,992,769.43

$13,211,599.53

Total

$111,021,844.76

$8,992,769.43

$13,211,599.53

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; and 4) other normal business expenses.

 

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