Illinois’ 12 casinos have released their April figures, reporting a 2.2% increase in adjusted gross revenues (AGR) compared to March. This upswing is part of a broader trend, with year-to-date AGR registering a remarkable 15% growth over the same period in 2022. Moreover, the state’s casino attendance has hit levels not seen since 2018, underscoring the renewed vigor of Illinois’ gaming industry.
April’s AGR Increase:
Illinois’ 12 casinos recorded a combined AGR of $128.1 million in April, marking a 2.2% growth compared to March.
The figure represents a substantial 4.5% increase over April 2022 when AGR stood at $122.5 million.
Key contributors to this increase include Rivers Casino, Grand Victoria Casino, and Harrah’s Joliet Casino & Hotel, with AGR figures of $45.3 million, $13.6 million, and $12.2 million, respectively.
Tax revenues generated by these casinos in April amounted to $22.6 million.
Year-to-Date AGR Growth:
Year-to-date AGR has reached $487 million, demonstrating an impressive 15% surge compared to the first four months of 2022.
This figure is particularly significant, as it represents the highest AGR reported in the first four months since 2014.
The state has collected nearly $100 million in taxes from casinos during this year’s first four months.
Surging Casino Attendance:
The Illinois Gaming Board has reported that casino attendance has reached its highest level since 2018.
Over the first four months of 2023, nearly 3.4 million people visited the state’s casinos, coming close to the 3.5 million visitors recorded during the same period in 2018.
Relocations Approved:
In a separate development, the Illinois Gaming Board approved Penn Entertainment’s proposal to relocate two riverboat casinos, Hollywood Casino Aurora and Hollywood Casino Joliet.
Penn Entertainment is investing over $500 million to move these casinos to land-based locations, enhancing accessibility and offering an array of amenities.
Illinois’ casino industry is showing remarkable resilience and growth, with significant year-over-year improvements in AGR and attendance. The state’s decision to approve casino relocations underscores its commitment to fostering a thriving gaming sector. As the industry continues to evolve, these trends signify positive prospects for the future of Illinois’ casinos and its economy.