Detroit’s three casinos have reported aggregate revenue of $1.4 billion last year, an increase of 1.1 percent over revenue totals for 2016.
The Michigan Gaming Control Board’s report that was released on Tuesday details how much the city’s casinos including, the MotorCity Casino, Greektown Casino and MGM Grand Detroit made last year. According to the report, the amount from 2017 is an approximate 1 percent upward slant over 2016 totals.
The lion’s share of 2017 revenue, 81 percent, was contributed to slot machines at $1.14 billion while table games brought in a comparatively modest $260 million.
Leading year-over-year revenue gains was MotorCity Casino which brought in $478.6 million, a 2.3 percent increase from 2016. Revenue at Greektown Casino came in at $329.7 million, a 1.26 rise and while MGM Grand reported the most revenue at $592.2 million, the increase was only slight at .01 percent.
In 2017, the trio of casinos paid a bit over $113.4 million in gaming taxes, up from the $112.2 million paid the year prior. According to the Michigan Gaming Control Board, the trio of casinos paid the city of Detroit approximately $177.4 million in wagering taxes and development agreements.
According to Tuesday’s report, the market share was led by MGM Grand with 42 percent, followed by MotorCity with 34 percent and at 24 percent, Greektown Casino was last.
Detroit’s three casinos report $1.4 billion in revenue for 2017 was last modified: January 11th, 2018 by K Morrison