Detroit’s three commercial casinos have each outperformed previous years in 2019 with reported record adjusted gross revenue of $1.454bn during the 12 months. The tally is more than $10m higher than the previous record revenue of $1.444bn set in 2018.
Both MGM Grand Detroit and MotorCity Casino experienced their highest yearly adjusted gross revenue totals since the casinos opened in 1999. The former reported $623.5m in yearly revenue compared with $619.2m in 2018, which was its previous record revenue year. It was a 0.7 percent year-over-year increase.
MotorCity’s $493.6m in yearly revenue also surpassed its former record of $489.7m established in 2018. It was a 0.8% year-on-year increase.
Greektown Casino, meanwhile, reported $337.2m in adjusted gross revenue in 2019, which fell short of the casino’s all-time record of $352.8m in revenue reached in 2011. Full-year 2019 revenue increased 0.6% year-on-year compared with 2018.
The full-year 2019 market split shows that MGM Grand Detroit had 43%, followed by MotorCity Casino with 34% and Greektown with 23%.
In terms of the state’s share of that revenue, Michigan benefited to the tune of $117.8m in gaming taxes in 2019 compared with $117m in 2018. The three casinos paid $10.4m in gaming taxes to the state in December compared with $10.3m during December 2018.
In total, the trio reported making $184.2m in wagering taxes and development agreement payments to the city of Detroit throughout 2019. During December, the city’s share was $16.2m.
