Casino revenue in Missouri has increased by 14% in February 2024. Overall, adjusted gross revenue was reported at $156.9million which is a $0.2m increase compared to February 2023.
From January of this year, the revenue increase was an impressive $21.5m. Of the 13 casinos in the Show-Me state, Ameristar St. Charles was the highest performer.
Missouri Casino Revenue
The 14% jump in revenue has provided fresh optimism that land-based casinos can continue to flourish – with many preferring online casinos in the modern era.
Also, with sports betting not yet legalized in Missouri – casinos continue to dominate the gambling sector with little or no direct competition.
Missouri’s casino revenue will likely increase month-on-month well into the summer after a hugely successful start to the year. There are 13 casinos for residents and tourists to enjoy.
Of these, the Ameristar St. Charles is arguably the most popular. In February 2023, it generated a revenue of $23.9m. The Hollywood Casino posted $20.6m with Rivers City Casino reporting $20.3m and Ameristar Kansas City $16.8m.
Sports Betting Missouri
Missouri is one of 12 American states which hasn’t legalized sports betting. However, a campaign to make it legal is gaining plenty of traction.
Just over 100,000 of the 180,000 required signatures have been collected to place the issue in November’s ballot. On the weekend of the Super Bowl, there were over 431,000 attempts to access sportsbooks that were blocked.
This further highlights just how keen Missouri residents are to place sports bets. It really does feel like it’s a matter of ‘when’ and not ‘if’ sports betting will be legal.
The Kansas City Chiefs, Kansas City Current, Kansas City Royals, St. Louis Cardinals, St. Louis Blues and St. Louis City are all in favor of making sports betting in Missouri legal as well.
Until then, casinos in Missouri will continue to generate the state’s gambling revenue. Last month, just under $33m was collected in taxes.
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