HomePublicationsCurrent NewsletterNewslettersVolume 23Issue 21MICHIGAN GAMING CONTROL BOARD RELEASES DETROIT CASINO REVENUES FOR MAY 2017

On June 13, 2017, the Michigan Gaming Control Board (“MGCB” or “Board”) released the May 2017 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 1.2% when compared to the same reporting period last year.

 

Month in 2017

Total Adjusted Revenue 2017

MGM Grand
Detroit

MotorCity
Casino

Greektown
Casino

 

Total Adjusted Revenue

Total Adjusted Revenue

Total Adjusted Revenue

January

$47,122,785.88

$38,437,983.01

$26,444,022.40

February

$48,090,071.92

$40,560,815.83

$28,590,936.09

March

$54,150,615.38

$45,102,231.26

$31,950,728.99

April

$49,596,029.88

$42,121,055.77

$29,280,455.10

May

$50,523,650.08

$40,664,492.10

$28,757,824.72

Total

$249,483,153.14

$206,886,577.97

$145,023,967.30

Revenue increased at MotorCity and Greektown casinos, but declined at MGM Grand Detroit compared with May 2016. Specifically, MotorCity revenue increased 4.2 percent to $40.7 million, and Greektown was up 4.1 percent to $28.8 million. MGM revenue fell 2.7 percent to $50.5 million.

 

Month in 2017

Total Adjusted Revenue and Taxes 2017

All Detroit Casinos

 

Total Adjusted Gross Receipts

Total State Wagering Tax

Total Detroit  Wagering Tax*

January

$112,004,791.29

$9,072,388.09

$13,328,570.16

February

$117,241,823.84

$9,496,587.73

$13,951,777.04

March

$131,203,575.63

$10,627,489.63

$15,613,225.50

April

$120,997,540.75

$9,800,800.80

$14,398,707.35

May

$119,945,966.90

$9,715,623.32

$14,273,570.06

Total

$601,393,698.41

$48,712,889.57

$71,565,850.11

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

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 April 2017 market shares 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; nor 4) other normal business expenses.

 

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