Missouri casinos see slight revenue rise in October
The Most Important Points at a Glance
- The gambling industry in Missouri saw a slight increase in revenue in October.
- Total casino revenue amounted to approximately USD 151.4 million, representing a 1% increase compared to the previous year.
- The top casinos in October were Ameristar St. Charles, Hollywood Casino, and River City.
- However, the total annual revenue of Missouri casinos is 2% below last year’s figure.
- The industry contributed USD 31.7 million in taxes in October.
Slight Revenue Increase in October
In October, Missouri’s gambling industry recorded a slight increase in revenue. According to the Missouri Gaming Commission, the adjusted gross revenue (AGR) of the state’s casinos amounted to approximately USD 151.4 million. This represents a 1% increase compared to the previous year. Compared to the previous month, the numbers also saw a slight rise—about USD 1.4 million more than in September.
The Top Casinos in October
Ameristar St. Charles Casino topped the list of Missouri casinos in October, generating nearly USD 23.6 million in revenue. Close behind was Hollywood Casino, which took second place with around USD 21.5 million. Interestingly, River City Casino was just slightly behind Hollywood, with approximately USD 21.4 million. The difference was a little over USD 100,000. This close competition was already reflected in September when River City narrowly surpassed Hollywood.
Year-over-Year Comparison: Slight Decline in Total Revenue
Although Missouri casinos saw a slight revenue increase in October, the total revenue for the year so far is below last year’s level. The AGR generated so far this year amounts to just under USD 620 million, which is a 2% decrease compared to the previous year. Despite this slight decline, the industry’s contribution to the state’s economy remains substantial.
Tax Contributions from the Casino Industry
Missouri’s gambling industry continues to make a significant contribution to the state treasury. In October alone, casinos contributed around USD 31.7 million in taxes. These revenues fund various state programs and help finance public services.
Our Assessment
The figures from Missouri show that the gambling industry in the state remains stable, even though total revenue has slightly decreased year-over-year. The competition between the major casinos is intense, indicating a dynamic market situation. Despite the slight decline in total revenue, the industry’s contribution to the economy and the state budget remains significant. It remains to be seen how the numbers will develop over the remainder of the year and whether the industry can reach last year’s levels once again.
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