Missouri Riverboat Casino Revenue Up Slightly Year-Over-Year in May
The financial reports for May from the Missouri Gaming Commission (MGC) show that revenue from the state’s 13 riverboat casinos increased by approximately 1.25% compared to the previous year.
In the month of May, revenue hit around $163 million, slightly up from the previous year’s $161 million. Bally’s in Kansas City experienced the biggest year-over-year revenue increase at 11%, with positive growth reported in nine of the last 11 months.
Two Century Casinos, one in Cartuhersville and one in Cape Girardeau, were among the seven other casinos that reported year-over-year revenue increases.
In May, three Missouri casinos saw revenues surpassing $20 million. Ameristar St. Charles led the way with $25.3 million, followed by River City Casino in St. Louis with $21.5 million and Hollywood Casino St. Louis with $21.3 million.
In May, total admissions at the 13 venues nearly reached 2.4 million guests, which represented a slight 0.3% increase compared to the previous year.
River City Casino had the most admissions with 340,709 visitors. In May, the revenue from Missouri’s casinos generated a tax contribution of $34.2 million for the state. This money will be allocated towards education, veterans programs, and other important causes.
Due to MGC regulations banning land-based casinos and mobile casino apps, casino gambling in Missouri is currently restricted to riverboat venues. With Missouri sports betting not yet legalized, it is unlikely that real money online casinos will be introduced in the state anytime soon.