HomePublicationsNewsletter ArchiveNewslettersVolume 23Issue 2Michigan Gaming Control Board Releases Detroit Casino Revenues for December 2016

 

 

Month in 2016

Total Adjusted Revenue 2016

MGM Grand Detroit

MotorCity Casino

Greektown Casino

 

Total Adjusted Revenue

Total Adjusted Revenue

Total Adjusted Revenue

January

$46,718,389.11

$37,132,788.69

$25,215,520.31

February

$47,193,903.95

$40,385,060.23

$28,822,028.76

March

$51,818,121.13

$43,700,908.78

$29,430,087.08

April

$50,462,057.70

$42,346,725.48

$29,548,118.17

May

$51,903,469.93

$39,010,274.10

$27,621,012.43

June

$47,555,020.17

$35,895,882.01

$25,161,438.57

July

$50,185,322.0

$40,569,698.06

$27,707,524.25

August

$51,333,425.60

$37,835,364.01

$26,734,163.06

September

$48,479,767.93

$37,034,304.51

$26,653,491.54

October

$47,347,683.27

$37,182,514.06

$26,207,798.17

November

$48,191,385.68

$37,236,626.52

$26,074,020.01

December

$50,937,207.43

$39,526,854.20

$26,443,809.47

Total

$592,125,753.96

$467,857,000.65

$325,619,011.82

 

 

Month in 2016

Total Adjusted Revenue and Taxes 2016

All Detroit Casinos

 

Total Adjusted Gross Receipts

Total State Wagering Tax

Total Detroit Wagering Tax*

January

$109,066,698.11

$8,834,402.55

$12,978,937.08

February

$116,400,992.94

$9,428,480.43

$13,851,718.16

March

$124,949,116.98

$10,120,878.48

$14,868,944.92

April

$122,356,901.35

$9,910,909.01

$14,560,471.26

May

$118,534,756.46

$9,601,315.27

$14,105,636.02

June

$108,612,340.75

$8,797,599.60

$12,924,868.55

July

$118,462,544.37

$9,595,466.09

$14,097,042.78

August

$115,902,952.67

$9,388,139.17

$13,792,451.37

September

$112,167,563.98

$9,085,572.68

$17,804,434.90

October

$110,737,995.50

$8,969,777.64

$13,651,298.30

November

$111,502,032.21

$9,031,664.61

$18,033,957.15

December

$116,907,871.10

$9,469,537.56

$14,816,677.28

Total

$1,385,601,766.42

$112,233,743.08

$175,486,437.76

*Total includes wagering tax and development agreement payments to the city of Detroit as reported by the casinos


On January 10, 2017, the Michigan Gaming Control Board (“MGCB” or “Board”) released the December 2016 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 increased by 0.7% compared to the same reporting period last year.

Specifically, revenue for MGM Grand Detroit decreased by 8.8%, MotorCity was down 3.7%, and Greektown declined 7.5% during December 2016 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 payable to the City of Detroit and 8.1% payable to the State of Michigan.

The full-year market shares for MGM Grand Detroit, MotorCity Casino, and Greektown Casino for 2016 were 43%, 34%, and 23%, 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; nor 4) other normal business expenses.

 

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