The Michigan Gaming Control Board has released year over year figures for the month of January (2016 vs. 2015) reporting that the Detroit casinos’ aggregate revenue fell by 1.8 percent to $109 million in January 2016.
The casinos together paid nearly $13 million in wagering taxes and development agreement payments to the city of Detroit in January, and $8.8 million in state taxes in January. That’s compared with $9 million for the year-earlier month.
The only casino to see an increase month over month was MGM Grand Detroit, reporting a 1.1 percent rise up to $46.7 million for the month. MGM was also the largest player in the market, with 43 percent share in January. MotorCity was second with 34 percent and Greektown had 23 percent.
MotorCity Casino was down 2.4 percent to $37.1 million for MotorCity Casino Hotel but that pales in comparison to Greektown Casino-Hotel, who took it on the chin with a 5.7 percent revenue decline, dropping to $25.2 million.
Revenue in January 2016 for the three Detroit casinos was 13.1 percent lower than the revenue they reported in December of 2015.