Monthly Detroit Casino Revenue Down Compared to Last Year
Three city casinos report paying $13.1 million in February monthly taxes, other agreements to Detroit.
Detroit’s three casinos’ combined February revenue of $110 million was down from the same month a year ago, according to the Michigan Gaming Control Board.
Casino taxes are the city’s third largest source of revenue behind income taxes and state revenue sharing.
The three casinos reported paying $13.1 million in wagering taxes and development agreement payments to the city of Detroit and $8.9 million in gaming taxes to the state of Michigan in February.
February revenues dropped 6.1 percent in 2018 from 2017’s earning at the three casinos.
The Michigan Gaming Control Board says MGM’s market share in February was 42 percent followed by MotorCity with 35 percent and Greektown with 23 percent.
