Detroit casinos post record revenue in 2019

Detroit casinos post record revenue in 2019

During last year, Detroit casinos raked record revenue as GGR reached US$1.454 billion in the three gaming rooms in the city.

US.- Michigan gaming seems to be thriving as some of its casinos are enjoying good health. That’s why Detroit casinos reached record revenue figures during 2019.

According to state figures, the three venues in the city reached a total GGR of US$1.454 billion last year. The number tops 2018’s US$1.444 billion with the most coming from MGM Grand Detroit.

The MGM venue accounted for 43% of the total revenue Detroit casinos earned in 2019, while MotorCity brought in 34%. Greektown casino posted the remaining 23% and casinos paid US$117.8 million in gaming taxes in 2019.

November figures

The Michigan Gaming Control Board released the financial report from November. During that month’s operations, the three casinos in the state managed to increase their revenues by 5.6%.

MGM Grand Detroit, MotorCity Casino Hotel and Greektown Casino-Hotel achieved US$124.2 million in revenue. That number is also a 7.4% rise from the previous month aggregate revenue, the board said.

MGM had once again the biggest share of the market with 43%. The facility’s monthly revenue was US$53.9 million, or a 2.8% year-over-year increase. MotorCity closely followed with 33% of the market and a 7.2% revenue rise to US$40.8 million. Greektown took in 24% of the market and an 8.7% increase to US$29.5 million.

Michigan received US$10.1 million in gaming taxes in November, approximately US$600k more than what they sent in November 2019 and US$700k more than the previous month (US$9.4 million).