April Revenue Performance:
In April, Missouri’s 13 riverboat casinos reported their adjusted gross revenue, which amounted to $167.1 million. This figure represents a 5.5% decrease when compared to the previous month, March. We’ll analyze the implications of this decrease and explore the tax revenue generated by these casinos, marking the third-highest in the past year.
Casino Visitors:
Casino visitors are a key metric for understanding the industry’s performance. In April, Missouri casinos reported nearly 2.5 million visitors, which was 203,248 fewer than in March. We’ll examine the factors contributing to this decline and its potential consequences for the industry.
Top Performing Casinos:
Ameristar Casino in St. Charles, River City Casino in St. Louis, and Hollywood Casino in St. Louis stood out as top performers in terms of adjusted gross revenue. We’ll delve into the strategies and factors that propelled these casinos to success and discuss their contributions to the overall industry.
Sports Betting in Missouri:
While the casino industry faced a revenue decline, the prospect of legalizing sports betting in Missouri remained a significant point of interest. We’ll explore the status of sports betting legislation in the state, focusing on House Bill 556, which passed the state House in March. Despite this progress, the Senate’s legislative session ended without addressing the bill, marking the fifth year of failed attempts to legalize sports betting in Missouri. We’ll analyze the key provisions of HB556 and the potential impact it would have had on the industry.
The Missouri casino industry is facing challenges, as reflected in the decline in April’s adjusted gross revenue and the stalled sports betting legislation. While some casinos continue to thrive, the industry as a whole is navigating through uncertain waters. Understanding these developments is essential for stakeholders and policymakers as they shape the future of the state’s gambling landscape.