NewsCoronavirus

Actions

Detroit casinos see more than 50% revenue drop in March after closure

CORP-Digital-Default-Image-1280x720-WXYZ.png
Posted at 1:12 PM, Apr 07, 2020
and last updated 2020-04-07 13:12:30-04

(WXYZ) — Revenue for the first quarter and for March at three Detroit casinos was down significantly compared to the year before amid the COVID-19 outbreak and casino closures.

According to the Michigan Gaming Control Board, March revenue at MGM Grand Detroit was $23.9 million, down 59.6% from 2019, at MotorCity it was $20.3 million, down 58.7% and at Greektown, it was $13.2 million, also down 58.7%.

Casinos were closed on March 16 due to the COVID-19 outbreak.

For the quarter, MGM Grand saw a 19.7% drop, MotorCity saw an 18% drop and Greektown saw a 16.7% drop.

Sports betting also became legal in the state in March and the casinos reported $105,548 between the March 11 launch date and the closures on March 16. Most sports leagues began canceling games on March 12 over public health concerns.

MGM Grand reported $84,695 in sports betting, MotorCity reported $4,949 and Greektown reported $15,094.

The casinos paid $3,990 in State of Michigan retail sports betting taxes and reported submitting to the City of Detroit $4,876 in retail sports betting taxes.

In March, the three Detroit casinos paid $4.7 million in gaming taxes to the State of Michigan compared with $11.4 million in March 2019.

The three Detroit casinos reported submitting $6.8 million in wagering taxes and development agreement payments to the City of Detroit during March.

Additional Coronavirus information and resources:

Read our daily Coronavirus Live Blog for the latest updates and news on coronavirus.

Click here for a page with resources including a COVID-19 overview from the CDC, details on cases in Michigan, a timeline of Governor Gretchen Whitmer's orders since the outbreak, coronavirus' impact on Southeast Michigan, and links to more information from the Michigan Department of Health and Human Services, the CDC and the WHO.

View a global coronavirus tracker with data from Johns Hopkins University.

Find out how you can help metro Detroit restaurants struggling during the pandemic.

See all of our Helping Each Other stories.

See complete coverage on our Coronavirus Continuing Coverage page.