Iowa casino revenue saw a month on month decline in April this year, with figures dropping dramatically by 12% from March to $143.8 million.
Iowa Casino Revenue For April
After posting a positive month for casino revenue in March, Iowa land-based casinos have reported a decline in numbers though April with a disappointing drop of over $20million.
The Iowa Racing & Gaming Commission have released casino figures for April – with $143.8m in revenue generated through the first month of Q2 this year.
Prairie Meadows Racetrack & Casino on the outskirts of Des Moines was the most successful land-based casino in Iowa during April, with $19.9m reported income.
Following just behind the casino in Des Moines was the Horseshoe Casino Council Bluffs in Omaha – which managed to generate $15.5m while also contributing $3.3m to the state tax.
A total of $28.2m in state revenue was generated between the 19 land-based casinos in Iowa during April.
Iowa Slot Machines & Table Games Struggle During April
The main reason Iowa casino revenue declined through April was due to the lag in slot games and table games with both monthly and yearly numbers dropping.
Within the 19 land-based casino in Iowa $129.1m was generated from 14,253 slot machines – an 8% decline on April 2023 figures.
The drop in slot games revenue was even bigger when looking at the month-on-month comparison, which showed a 17% decline from the $147.5m generated through March 2024.
It wasn’t just slot games that saw a decline in revenue, with table games at the land-based Iowa casinos also struggling.
Income from Iowa’s 439 table games at land-based casinos dropped by just 4% in April, with a total of $14.7m generated. Blackjack was responsible for $4.3m, while craps tables returned $2.1m.
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