DETROIT – Detroit’s three casinos are one of the biggest tax generators for the city every year.
MGM Grand Detroit, MotorCity Casino and Greektown Casino are required to pay 10.9% of their adjusted gross revenue in city tax, and an additional 8% in state tax.
In 2022, combined, the three casinos reported a total adjusted gross revenue of $1,256,974,741, which generated about $155 million in city tax, and $101 million in state tax revenue. It’s projected to be the city’s third largest revenue source.
As of August 2023, the three casinos had generated nearly $110 million in city tax revenue, with casinos reported more than $850 million in total adjusted gross revenue.
Sports betting has created a new source of tax revenue for Detroit in recent years. In 2022, retail sports betting totaled $869,106.83 in city tax, and internet sports betting generated $6.7 million for the city in tax revenue.