Casinos in Detroit show revenue increase

According to the report of Michigan regulators, the three licensed casinos in Detroit took over $1.3 billion last year. This amounts to 6.1% increase for the year. The wagering tax for Michigan, which is set at 12.1% brought to the state $158 million in 2006.

MGM Grand in Detroit still has the biggest market share of the three casinos, with 37.6% and revenues for 2006 of $491 million. Motor City Casino market share rose to 36%. Greektown Casino was in third place with 26.4% for last year.

Many contribute the rising profits to the recently passed smoking ban in the Canadian casino across from Detroit - Casino Windsor, which took effect in the summer of 2006.