HomePublicationsNewsletter ArchiveNewslettersVolume 21Issue 34Michigan Gaming Control Board Releases Detroit Casino Revenues for September 2015

The Michigan Gaming Control Board (“MGCB” or “Board”) released the September, 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 4.3% compared to the same reporting period last year. Year-to-date aggregate revenue for the three Detroit casinos was up by 3.5 percent through September compared to the first nine months of 2014.

 

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

February

$47,523,251.14

$39,023,483.79

$27,875,609.34

March

$49,824,133.92

$43,432,911.12

$30,646,861.38

April

$51,849,138.07

$40,532,401.92

$28,167,335.92

May

$51,747,439.96

$39,825,609.22

$28,242,004.16

June

$47,328,471.77

$37,006,364.49

$25,595,355.54

July

$48,731,187.77

$38,735,882.74

$27,306,479.48

August

$43,554,725.44

$37,075,822.19

$26,823,834.55

September

$45,237,115.01

$35,736,055.07

$26,582,832.25

Total

$432,022,479.71

$349,429,982.81

$247,973,688.48

 

 

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

$12,101,381.08

February

$114,422,344.27

$9,268,209.89

$12,472,035.53

March

$123,903,906.42

$10,036,216.42

$13,505,525.80

April

$120,548,875.91

$9,764,458.95

$13,139,827.47

May

$119,815,053.34

$9,705,019.32

$13,059,840.81

June

$109,930,191.80

$8,904,345.54

$11,982,390.91

July

$114,773,549.99

$9,296,657.55

$12,510,316.95

August

$107,454,382.18

$8,703,804.96

$11,712,527.66

September

$107,556,002.33

$8,712,036.19

$11,508,492.25

Total

$1,029,426,151.00

$83,383,518.23

$112,207,450.46

Specifically, revenue for MGM Grand Detroit, MotorCity Casino, was up by 4.6% and 7.5%, respectively while revenue for Greektown Casino was down .01%, during September, 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.

The market shares for MGM Grand Detroit, MotorCity Casino, and Greektown Casino for August 2015 were 42%, 33%, and 25%, respectively.

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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