Detroit casinos up 1.7% to USD 116.4M in February

This numbers are compared to the $114.4 million that was generated in the same month in 2015.

The results were also 6.7% higher than January’s total of $109 million. Last month, Detroit’s three casinos subsequently paid $9.4 million in gambling taxes to the state of Michigan, as well as a further $13.9 million to the city of Detroit by way of wagering taxes and development agreement payments.

Leading Detroit’s casino market in February, in terms of growth, was MotorCity whose revenues increased by 3.5% to $40.4 million, followed by Greektown up 3.4% to $28.8 million, and finally MGM, which reported a slight 0.7% fall in revenues to $47.2 million.

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The results were also 6.7% higher than January’s total of $109 million.

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As a result, MGM enjoyed a 40% share of Detroit’s casino market in February, with MotorCity accounting for 35% of revenues, and Greektown the remaining 25%. All the information was supplied by the Michigan Gaming Control Board.

In 2015, Detroit casinos generated $1.38 billion in revenues, higher by 3.3% compared to $1.33 billion collected in 2014. From that total, 83% of business was accounted for by slot machines revenues, with the remaining 17% coming from table games. Last year, Detroit then collected $174.3 million by way of taxes.