Michigan Renews Detroit Casino LicensesOne-Year Renewals Come As Anticipated |
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The Michigan Gaming Control Board voted unanimously to approve the one-year renewal of the licenses for the three Detroit casinos during a public meeting on August 9.
“A casino license is a privilege granted by the State of Michigan,” said Henry Williams, MGCB executive director. “Board members and agency staff take seriously our responsibilities when reviewing this privilege each year as required by law.”
The Detroit casinos are taxed at 18% on adjusted gross revenue and remit the wagering tax daily. The state receives 8.1%, and the City of Detroit receives 9.9% of the wagering tax plus development agreement payments.
The casinos also pay an 8.4% tax on retail sports betting.
In addition to the three Detroit casinos, Michigan has tribal casinos. The Wolverine state has tribal-state gaming compacts with 12 tribes, which operate more than 20 casinos collectively.
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