Revenues are down sharply at Detroit’scasinos, due largely to the COVID-19 pandemic.
Detroit’s three casinos shut their doors March 16th as part of the state's efforts to slow the spread of the coronavirus pandemic.
According to the Michigan Gaming Control Board, the casinos reported no revenues during the month of April. In April 2019, Detroit’s casinos generated $125 million in aggregate revenue.
Overall, Detroit casino aggregate revenue was down 39.2% during the first four months of 2020, compared to the same period last year.
The casinos have paid a total of $24.2 million in gaming taxes to the State of Michigan through April 30th, compared with $39.8 million for the first four months of 2019.
During the first four months of 2019, the three Detroit casinos paid $58.6 million in wagering taxes and development agreement payments to the City of Detroit. This year, the casinos have only submitted $35.6 million.
