July 14, 2020
Detroit, July 14, 2020 – The Detroit casinos' year-to-date aggregate revenue fell 59.3 percent through June 30 as the COVID-19 health emergency has kept their doors closed since March 16.
During the first six months of 2019, the casinos reported $735.4 million in aggregate revenue or $436.2 million more than year-to-date 2020 results. This year, the casinos reported $299.2 million in aggregate revenue through mid-March.
YTD 2020 Detroit casino results compared with 2019 (through June 30)
|
Casino |
YTD 2020 Revenue (in millions) |
YTD 2019 Revenue (in millions) |
YTD Revenue Change from Previous Year (in millions) |
YTD Percentage Comparison (+ or -) |
||||||
|
MGM Grand Detroit |
$126.5 |
$315.1 |
- $188.6 |
- 59.8% |
||||||
|
MotorCity Casino |
$102.6 |
$250.5 |
- $147.9 |
- 59.0% |
||||||
|
Greektown Casino |
$70.1 |
$169.8 |
- $99.7 |
- 58.7% |
||||||
|
Total |
$299.2 |
$735.4 |
- $436.2 |
- 59.3% |
Through June 30, the Detroit casinos paid $24.2 million in state gaming taxes compared with $59.5 million for the same period last year, which is a $35.3 million decrease.
The three Detroit casinos reported submitting $35.6 million in wagering taxes and development agreement payments to the City of Detroit year to date compared with $87.5 million for the same six-month period last year, which is a $51.9 million decrease.
Fantasy Contests
During May, fantasy contest operators reported total adjusted revenue of $329,173 and paid taxes of $27,651 to the State of Michigan.
Fantasy contest operators reported $3,564,620 in aggregate adjusted revenue through June 30 and paid $299,428 in taxes.
"The Michigan Gaming Control Board shall ensure the conduct of fair and honest gaming to protect the interests of the citizens of the State of Michigan."
