Detroit casino revenues and wagering taxes reported for 2014

DETROIT - The three Detroit casinos reported 2014 aggregate revenue of $1.33 billion, which was down 1.2 percent compared with 2013 aggregate revenue. Fourth quarter and December revenue rose 4 percent and 10.3 percent respectively compared with 2013.

MotorCity’s yearly revenue was down 2.1 percent to $445 million. MGM’s revenue was down 1 percent to $561.1 million, and Greektown revenue declined 0.5 percent to $326.7 million. Slots comprised 83 percent of 2014 total revenue, contributing $1.1 billion. Table games added $227 million, or 17 percent, of 2014 revenue.

For the year ending December 2014, gaming taxes for the three Detroit casinos were $108 million compared with $109.3 million for 2013.

The casinos’ 2014 market shares were:

MGM, 42 percent
MotorCity, 33 percent
Greektown, 25 percent
Quarterly results