HomePublicationsNewsletter ArchiveNewslettersVolume 22Issue 2Michigan Gaming Control Board Releases Year-End and December Casino Revenues

The Michigan Gaming Control Board (“MGCB” or “Board”) released the year end aggregate revenues for 2015. Total adjusted aggregate revenue figures for the three Detroit casinos—MGM Grand Detroit Casino, MotorCity Casino and Greektown Casino were up 3.3% during 2015 when compared to 2014.

Specifically, 2015 aggregate revenues for MGM Grand Detroit was up by 3.7%, MotorCity Casino was up by 4.4%, and Greektown Casino was up 1% when compared to aggregate company revenue from 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

October

$47,477,189.34

$37,769,745.48

$27,592,315.54

November

$46,712,513.10

$36,239,634.08

$25,727,516.66

December

$55,832,577.09

$41,056,001.04

$28,574,793.62

Total

$582,044,759.24

$464,495,363.41

$329,868,314.30

When compared with December 2014, MGM’Grand Detroit’s monthly revenue was up 11.4%, MotorCity Casino’s revenue increased 3.6%, and Greektown Casino’s revenue rose by 0.6%.

 

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

October

$112,839,250.36

$9,139,979.28

$12,299,478.29

November

$108,679,663.84

$8,803,052.77

$11,846,083.36

December

$125,463,371.75

$10,162,533.11

$13,675,507.52

Total

$1,376,408,436.95

$111,489,083.39

$150,028,519.63

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 the full year 2015 for MGM Grand Detroit, MotorCity Casino, and Greektown Casino were 42%, 34%, and 24%, 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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