Detroit Casino Revenue Up 5 Percent

Detroit's three casinos reported combined total revenue of $131 million in March, an increase of 5 percent over March 2016. For the year 2016, the casinos gained 0.7 at $1.386 billion; MGM Grand (l.) posted $592.1 million, up 1.7 percent; MotorCity rose 0.7 percent to $467.9 million; and Greektown dropped 1.3 percent to $325.6 million

In March, Detroit’s three casinos–MGM Grand, MotorCity and Greektown—generated a combined total of 1 million, up 5 percent compared to March 2016. For the first quarter of 2017, the casinos reported total revenue of 0 million, led by MGM Grand and followed by MotorCity and Greektown, according to state figures.

Overall in 2016, revenue at the three Detroit casinos rose 0.7 percent to $1.386 billion. Slots’ share was $1.13 billion, or 82 percent, of that total, and table games brought in $256 million, or 18 percent.

Revenue for 2016 was up 1.7 percent to $592.1 million at MGM Grand. MotorCity revenue increased 0.7 percent to $467.9 million. Greektown revenue fell 1.3 percent below 2015 at $325.6 million. Market shares for 2016 were MGM at 43 percent, MotorCity at 34 percent and Greektown at 23 percent. In December 2016, revenue fell 6.8 percent below December 2015.

The state of Michigan received $112.2 million from the three Detroit casinos, compared with $111.5 billion in 2015. The city received $175.5 million in wagering taxes and development agreement payments from the casinos in 2016.