Detroit Casino June Revenue Down from May, Up From a Year Ago
Casinos pay nearly $10 million to city in monthly taxes.
Detroit’s three casinos’ combined June revenue of $119.6 million was up 2 percent 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.
Here’s more on what casino revenue — and potentially sports gambling — means to the city of Detroit’s finances:
The three casinos reported paying $14.2 million in wagering taxes and development agreement payments to the city of Detroit and $9.6 million in gaming taxes to the state of Michigan for the month.
June 2018 revenues at the three casinos fell 4.4 percent from May, but the first five months of the year outpaced 2017 by 1.2 percent.
The Michigan Gaming Control Board says MGM’s market share in May was 44 percent followed by MotorCity with 33 percent and Greektown with 23 percent.
