The financial results of the state’s casinos for September have been made public by the Missouri Gaming Commission. The casinos’ combined adjusted gross revenue (AGR) was close to $150 million. But when compared to the same time last year, this is a significant decline of 5.4%, or $8 million. Additionally, revenue decreased month over month, down 8.2% from August.
Top Earners in Missouri’s Casino Market
Among Missouri’s casinos, Ameristar St. Charles stood out with the highest earnings in September, bringing in almost $23.6 million. River City secured second place with a revenue of approximately $20.4 million, narrowly surpassing Hollywood Casino, which posted close to $20.3 million for the month. The slim margin of just over $100,000 separated River City and Hollywood in September’s rankings.
Despite these earnings, the year-to-date AGR for Missouri’s casinos reached around $468 million, showing a 3% decrease compared to last year. In addition to this, the state’s casinos contributed a combined $31.5 million in taxes in September.
In November, Missouri voters will have the chance to decide whether or not sports betting is legal. Amendment 2, which would allow sports betting throughout the state, is expected to be on the ballot if sufficient signatures are gathered from six congressional districts. Missouri will become the 39th state to legalize sports betting if the bill is approved.
Voters will also decide whether or not a new casino should be permitted close to Lake of the Ozarks, in addition to the proposal about sports betting. According to Missouri’s existing gaming rules, the state may license up to 13 casinos, but only in areas bordered by the Missouri and Mississippi Rivers.
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