Detroit Casinos Had Record 2018

2018 was a big year for Detroit's three casinos, as the Michigan Gaming Control Board reported that the casinos hauled in a record $1.44 billion in revenues for the period.

The casinos brought in more than $40 million more than in 2017 and was a record, eclipsing the $1.42 billion brought in during 2011. Slot machine revenues came in at $1.17 billion, making up 81% of the revenues, with $272 million coming from table games. The three sites paid $117 million in taxes to the state with an additional $183 million going to the city of Detroit itself.

The MGM Grand Detroit earned $619.2 million, a record for the property which previously stood at $605 million in 2012. The MotorCity Casino also set a record with $489.7 million, up from 2007's then-record $480.2 million. The Greektown Casino had $335.2 million in revenue, which was up from 2017 but far below the record of $352.8 million in 2011.

The casinos were expecting to be able to offer sportsbetting and online casino games to customers this year, but former Governor Rick Snyder vetoed the bills that would have legalized these activities. The veto came as a shock, as the bill had large bi-partisan support. Lawmakers have vowed to pass new legislation this year, with new Governor Gretchen Whitmer expressing support for gambling expansion.

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bgsharpe
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23 January 2019 - 1:34pm
#1

We could see from the numbers how much exactly the city of Detroit (and probably the whole state) benefits from the gambling activities there, that's $300mill which could be use for renovations and generally improvements of the comunity's life so after all gambling isn't only bad thing a!?!

I think when the sportsbetting being allowed too even these numbers will increase quite drastically as well.

usbarbadosslim93
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23 January 2019 - 5:39pm
#2

Oh yeah, Detroit is a big sports city, and there will no doubt be a lot of action going through the casinos as it means they'll go through a reputable spot, rather than shady bookies.

sharpe

bgsharpe
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25 January 2019 - 7:03pm
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barbadosslim93 wrote:

Oh yeah, Detroit is a big sports city, and there will no doubt be a lot of action going through the casinos as it means they'll go through a reputable spot, rather than shady bookies.

You are waiting patiently(or not so?)for that time to come, aren't you slim? Wink

barbadosslim93

usbarbadosslim93
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25 January 2019 - 7:42pm
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sharpe wrote:

You are waiting patiently(or not so?)for that time to come, aren't you slim? Wink

Every day. Every day...

sharpe

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