The Michigan Gaming Control Board (MGCB) has officially extended the licenses for Detroit’s trio of commercial casinos: MGM Grand Detroit, MotorCity Casino, and Hollywood Casino at Greektown. This decision was reached during a scheduled public session of the board.
The renewals are a result of a thorough evaluation of each casino’s operations, adherence to regulations, and commitment to responsible gaming practices, as stipulated by the Michigan Gaming Control and Revenue Act. This ruling ensures that the casinos can continue to operate under state supervision in Detroit.
“Detroit’s commercial casinos serve as key entertainment venues and contribute significantly to the economies of both the city and the state,” remarked MGCB Executive Director Henry Williams. “By renewing these licenses, the Board underscores its dedication to a gaming landscape characterized by integrity, accountability, and community enhancement.”
Williams further emphasized that continuous oversight by the board is essential to guarantee that guests “enjoy a fair and responsible experience,” while residents of Michigan benefit from the economic returns generated through casino revenues.
The casinos in the city are pivotal in funding various public services through taxes on wagering and sports betting. Licensees are taxed at a rate of 19% on adjusted gross receipts, with 8.1% allocated to the state and 10.9% directed to the City of Detroit, along with additional payments as per development agreements.
Casinos also contribute an 8.4% tax on retail sports betting receipts and annual fees that support the regulatory functions of the state. This revenue stream plays a crucial role in sustaining city services, fostering economic growth, and aiding state initiatives.
The MGCB has reiterated the necessity of incorporating local small businesses within the casino supply chain. The next license renewals are scheduled for September 2026.
In August, Detroit’s three casinos amassed a revenue of $106.9 million, a slight dip from July’s reported $107 million. Revenue from table games and slot machines comprised $105.7 million, while retail sports betting contributed $1.2 million.