HomePublicationsNewsletter ArchiveVolume 19Issue 2Michigan Gaming Control Board Releases Detroit Casino Revenues for December, 2012

The Michigan Gaming Control Board (“MGCB” or “Board”) released the December, 2012 total adjusted revenue figures for the three Detroit casinos – MGM Grand Detroit Casino, MotorCity Casino and Greektown Casino.  Overall, aggregate revenue for the Detroit Market was down 0.5% for 2012 when compared to aggregate revenues from 2011.

 

Month in 2012

Total Adjusted Revenue 2012

MGM Grand Detroit

MotorCity Casino

Greektown Casino

 

Total Adjusted Revenue

Total Adjusted Revenue

Total Adjusted Revenue

January

$47,869,082.24

$36,708,630.10

$29,607,452.04

February

$53,443,696.53

$42,922,456.88

$32,560,470.47

March

$57,181,553.70

$43,543,183.32

$34,602,503.13

April

$52,125,745.86

$39,350,932.55

$31,868,439.41

May

$51,719,743.97

$36,964,111.37

$29,720,467.91

June

$47,326,715.28

$36,905,378.50

$27,259,606.31

July

$48,820,780.88

$34,988,360.07

$28,194,024.07

August

$49,759,221.09

$38,102,330.20

$29,065,619.31

September

$50,767,759.78

$35,529,881.05

$27,778,700.13

October

$47,362,969.55

$36,027,461.33

$27,558,265.08

November

$47,835,292.66

$38,465,663.52

$26,560,576.41

December

$50,666,855.19

$40,241,934.75

$27,328,561.61

Total

$604,879,416.74

$459,750,323.64

$352,104,685.88

Specifically for 2012, aggregate revenue for MGM Grand Detroit Casino was upby 0.9% to $604.9 million while MotorCity Casino and Greektown Casino was downby 2.6% to 459.9 million, and 0.2% to $352.1 million respectively when compared to the year 2011.

 

Month in 2012

Total Adjusted Revenue and Taxes 2012

All Detroit Casinos

 

Total Adjusted Gross Receipts

Total State Wagering Tax

Total Detroit Wagering Tax

January

$114,185,164.38

$9,248,998.32

$12,446,182.92

February

$128,926,623.88

$10,443,056.60

$14,053,002.00

March

$135,327,240.15

$10,961,506.45

$14,750,669.18

April

$123,345,117.82

$9,990,954.54

$13,444,617.84

May

$118,404,323.25

$9,590,750.18

$12,906,071.23

June

$111,491,700.09

$9,030,827.71

$12,152,595.31

July

$112,003,165.02

$9,072,256.37

$12,208,344.99

August

$116,927,170.60

$9,471,100.82

$12,745,061.60

September

$114,076,340.96

$9,240,183.62

$12,434,321.16

October

$110,948,695.96

$8,986,844.37

$12,093,407.86

November

$112,861,532.59

$9,141,784.14

$12,301,907.05

December

$118,237,351.55

$9,577,225.48

$12,887,871.32

Total

$1,416,734,426.25

$114,755,488.53

$154,424,052.46

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 aggregate market shares for MGM Grand Detroit, MotorCity Casino, and Greektown Casino for 2012 were 43%, 32%, and 25% respectfully.

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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