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

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.

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