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Detroit casinos report more than $1.4 billion in revenue

Sunday, 26 January 2020 19:07 administrator
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DETROIT (AP) - Adjusted gross revenue for Detroit’s three casinos topped $1.4 billion last year.

Michigan’s Gaming Control Board says the amount was more than $10 million higher than in 2018.

MGM Grand Detroit reported $623.5 million in yearly revenue last year, while MotorCity Casino reported $493.6 million.

Both amounts were the highest yearly adjusted gross revenue totals for the casinos since they opened in 1999.

Greektown Casino reported $337.2 million in adjusted gross revenue in 2019.

The three casinos paid the state nearly $118 million in gaming taxes last year.

They reported making more than $184 million in wagering taxes and development agreement payments to the city of Detroit throughout 2019.

Copyright 2020 Associated Press. All rights reserved.

Read more https://www.wilx.com/content/news/Detroit-casinos-report-more-than-14-billion-in-revenue-567313331.html

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