Detroit’s three casinos won 0.7 million from customers in October—a decline of 2 percent compared to October 2015 and 1.3 percent compared to September 2016, according to Michigan Gaming Control Board figures. The gaming win for the first 10 months of the year is close to the same period last year, at an increase of 1.3 percent. Last year the casinos won .37 billion for the first year-over-year increase since they generated .42 billion in gaming revenue in 2011.
The top producer in October was MGM Grand Detroit at $47.3 million, a 0.3 percent drop in year-to-year total gaming revenue. The property remains the largest in Detroit with a 43 percent market share. The nearby MotorCity Casino Hotel, with 33 percent of the market, reported October revenue of $37.2 million, a 1.6 percent drop year-on-year. Greektown Casino Hotel’s October gaming revenue fell to $26.2 million, a year-on-year decrease of 5 percent. It has a 24 percent market share.
The three properties paid a combined $9 million in state taxes, down slightly from $9.1 million they paid in 2015. The casinos also paid $13.7 million in local duties and development agreement payments.
The state will consider legislation to legalize online poker this year in an effort to boost revenues for the Detroit casinos and the 23 casino-owning tribes, which generate $1.5 billion in annual gaming win.
