Detroit casino revenues and wagering taxes reported for June, second quarter 2018
Contact: Mary Kay Bean 313-456-1344
Detroit, July 11, 2018 – The three Detroit casinos reported $119.1 million in aggregate revenue during June, a 5.3 percent increase from June 2017 results. While monthly revenue was down 4.4 percent from May results, year-to-date aggregate revenue was 1.9 percent higher than during the same period last year.
June Results Detail
MGM’s monthly revenue rose 6.6 percent to $51.8 million when compared with June 2017. At MotorCity, revenue increased 4.4 percent to $39.6 million. Greektown revenue was up 4.4 percent to $27.7 million.
The market shares were:
MGM, 44 percent
MotorCity, 33 percent
Greektown, 23 percent
During June, the three Detroit casinos paid $9.6 million in gaming taxes to the State of Michigan compared with $9.2 million for the same period last year.
The three Detroit casinos reported submitting $14.2 million in wagering taxes and development agreement payments to the City of Detroit during June.
Second Quarter Results
The three Detroit casinos posted a 3.9 percent increase in aggregate revenue during the second quarter compared with the same period in 2017.
MGM’s quarterly revenue was $157.4 million, up 5.8 percent from second quarter 2017 results. MotorCity recorded $124.9 million in revenue, a 3.4 percent increase. Greektown’s $85.6 million in revenue was up 1.2 percent from second quarter 2017 results.
“The Michigan Gaming Control Board shall ensure the conduct of fair and honest gaming to protect the interests of the citizens of the State of Michigan.”