Detroit casino September revenues down 21.7% at 15% capacity

The revenue losses by the three casinos also are slamming casino wagering taxes collected by the city, yielding only $35.6 million through the first half of this year compared to $87.5 million in A look at Detroit's 20-year-old casino industry: $1.9 billion: paid by Detroit's three casinos to public education in the state $2.6 billion: paid in wagering taxes to the city of Detroit 4,000 Taxes on those earnings represent a significant source of income for the city of Detroit. The casinos submitted $10.5 million in wagering taxes and development agreement payments to the city for Detroit casino revenues and wagering taxes reported for May 2016 Contact:. Mary Kay Bean 313-456-1344 Detroit - The three Detroit casinos’ aggregate revenue fell 1.1 percent during May compared with May 2015 results and dropped 3.1 percent below April revenue sums. The casinos’ year-to-date aggregate revenue is 0.3 percent higher than in the first five months of last year. Detroit casino revenues and wagering taxes reported for July 2016 Contact: Mary Kay Bean 313-456-1344 Detroit – The three Detroit casinos’ aggregate revenue rose 3.2 percent during July compared with year-earlier results and climbed 9.1 percent above June 2016 totals. Year-to-date aggregate revenue was up a fractional 0.5 percent for the three casinos compared with January through July Casino wagering in Detroit means nearly $15 million in taxes to the city in May. Tweet This . Detroit’s three casinos’ combined May revenue of $124.6 million was up 4 percent from the same month a year ago, according to the Michigan Gaming Control Board. Casino taxes are the city’s third largest source of revenue behind income taxes and state revenue sharing. Here’s more on what casino In 2019, the city brought in $184 million in wagering taxes and development fees from the three casinos — nearly 20 percent of the city’s general fund. To soften the blow, the city is turning Detroit casino revenues and wagering taxes reported for February 2018 Contact:. Mary Kay Bean 313-456-1344 Detroit, March 13, 2018 – The three Detroit casinos reported $110 million in aggregate revenue during February, a 6.1 percent decline compared with February 2017 results.Year-to-date 2018 revenue dropped 3.3 percent from combined January and February 2017 revenues. Control and Revenue Act, and increases the wagering taxes paid by the three Detroit casinos from 18 percent to 24 percent. The combined wagering tax rate paid to the State of Michigan by the Detroit casinos went from 8.1% to 12.1%. The 6% is divided between the State of Michigan and the City of Detroit. The State Casino Fund is paid an Casino wagering taxes are about 16% of Detroit's general fund revenue and its third largest revenue source, after local income taxes and state revenue sharing payments. Whitmer has yet to say when

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