Detroit Casino Revenue Up Slightly in October from a Year Ago

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Image credit: MGM by Dwight Burdette, Greektown by Santcomm CC 3.0

Three city casinos report paying $13.9 million in monthly taxes, other agreements to Detroit.

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Detroit’s three casinos’ combined October revenue of $112.7 million was up 1.7% from the same month a year ago, according to the Michigan Gaming Control Board.

The three casinos also reported paying $13.9 million in wagering taxes and development agreement payments to the city of Detroit and $9.1 million in gaming taxes to the state of Michigan.

Casino taxes are the city’s third largest source of revenue  behind income taxes and state revenue sharing.

The Michigan Gaming Control Board says MGM’s market share in October was 43 percent followed by MotorCity with 34 percent and Greektown with 23 percent.

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