HomePublicationsNewsletter ArchiveNewslettersVolume 20Issue 3Michigan Gaming Control Board Releases Year-End Detroit Casino Revenues for 2013

The Michigan Gaming Control Board (“MGCB” or “Board”) has released the December, 2013 total adjusted revenue figures for the three Detroit casinos – MGM Grand Detroit Casino, MotorCity Casino and Greektown Casino. 

 

Month in 2013

Total Adjusted Revenue 2013

MGM Grand Detroit

MotorCity Casino

Greektown Casino

 

Total Adjusted Revenue

Total Adjusted Revenue

Total Adjusted Revenue

January

$45,053,237.92

$35,104,651.68

$26,014,038.75

February

$46,465,030.58

$38,280,263.88

$26,554,877.16

March

$54,317,934.38

$45,753,508.81

$34,689,130.33

April

$48,995,129.99

$39,735,195.61

$31,309,701.67

May

$48,326,080.76

$39,604,092.95

$28,589,982.46

June

$41,794,972.38

$35,431,762.38

$26,630,622.16

July

$51,507,665.66

$34,639,218.50

$26,177,226.98

August

$47,374,526.35

$38,690,225.53

$26,833,700.14

September

$45,258,504.74

$35,689,062.25

$25,392,633.55

October

$46,324,032.96

$35,088,106.84

$24,912,775.32

November

$46,441,529.58

$39,522,040.81

$25,877,472.60

December

$44,954,707.55

$36,806,201.19

$25,363,824.86

Total

$566,813,352.85

$454,344,330.43

$328,345,985.98

 

 

Month in 2013

Total Adjusted Revenue and Taxes 2013

All Detroit Casinos

 

Total Adjusted Gross Receipts

Total State Wagering Tax

Total Detroit Wagering Tax

January

$106,171,928.35

$8,599,926.20

$11,572,740.19

February

$111,300,171.62

$9,015,313.90

$12,131,718.71

March

$134,760,573.52

$10,915,606.46

$14,688,902.51

April

$120,040,027.27

$9,723,242.21

$13,084,362.97

May

$116,520,156.17

$9,438,132.65

$12,700,697.02

June

$103,857,356.92

$8,412,445.91

$11,320,451.90

July

$112,324,111.14

$9,098,253.00

$12,243,328.11

August

$112,898,452.02

$9,144,774.61

$12,305,931.27

September

$106,340,200.54

$8,613,556.24

$11,591,081.86

October

$106,324,915.12

$8,612,318.12

$11,589,415.75

November

$111,841,042.99

$9,059,124.48

$12,190,673.69

December

$107,124,733.60

$8,677,103.42

$11,676,595.96

Total

$1,349,503,669.26

$109,309,797.21

$147,095,899.95

Overall, the 2013 total revenues for the Detroit casino market were down 4.7% when compared to total revenues from 2012. Specifically, 2013 aggregate revenues for MGM Grand Detroit Casino, MotorCity Casino and Greektown Casino were down 6.3%, 1.2%, and 6.8%, respectively in comparison to total revenues from 2012.

For the month of December, revenue for the Detroit Market was down 9.4% from the same reporting period last year. Specifically, revenue for MGM Grand Detroit Casino, MotorCity Casino and Greektown Casino was down 11.3%, 8.5%, and 7.2%, respectively, in December, 2013 in comparison 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 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.

Ohio Casino Revenues

According to a recent report issued by the Ohio Casino Control Commission, the four commercial casinos in Ohio (Horseshoe Cleveland, Horseshoe Cincinnati, Hollywood Toledo and Hollywood Columbus) generated $821,277,202 in adjusted gross revenue in 2013.  With a casino revenue tax rate of 33%, the Ohio casinos generated $272,496,615 in state tax revenue in 2013.

The Ohio casinos reported total adjusted gross revenue of $350,549,272 in 2012, the first year of commercial casino gaming in Ohio.  This figure, however, takes into account that the Horseshoe Cleveland and Hollywood Toledo did not open until May, 2012, while Hollywood Columbus did not open until October, 2012.  The Horseshoe Cincinnati did not open until March 4, 2013.

Indiana Casino Revenues

The Indiana Gaming Commission’s 2013 Annual Report (which reports revenue and taxes for the fiscal year (“FY”) 2013, which ended on June 30, 2013) states that the 13 Indiana commercial casinos generated $2.56 Billion in total win, which was nearly a 6% decrease from the $2.72 Billion generated in FY 2012.  Total gaming taxes (which consist of both a wagering tax and an admission tax) were $752,379,507 in FY 2013. This was an approximate 9.3% decrease compared to FY 2012.

Illinois Casino Revenues

According to the Illinois Gaming Board, the state’s 10 commercial riverboat casinos reported total adjusted gross receipts of $1.55 Billion in 2013, which was an approximate 5.5% decrease from 2012.  Total gaming taxes (which consist of both a wagering tax and an admissions tax) for 2013 were $536,699,139 in 2013, which was a decrease of 6.6% compared to the total gaming taxes generated in 2012.

 

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