Missouri casino revenues saw a decline in May compared to the previous month, but the calendar might have influenced the month-to-month comparison.
In May, the state’s 13 casinos reported a total of almost $161 million in adjusted gross revenue (AGR). That was about a 3.7% decrease from April’s AGR of $167 million. However, the April Missouri casino revenue figures included five full weekends to May’s four full weekends, though one of those in May was Memorial Day.
May 2023 was also down from the same month a year ago. The May 2023 AGR was a decrease of 1.6% from May 2022 ($163.5 million).
Gaming taxes in May 2023 were $30.42 million to education and $3.38 million to local government.
Fiscal Year Ahead of Record Pace
For the fiscal year, gaming revenues reported by the Missouri Gaming Commission are running slightly ahead of the previous FY. To date in FY 2022-23, the total AGR is about $1.766 billion compared to FY 2021-22 at about $1.75 billion at the same point, or an increase of about 0.7% so far.
The state only needs to collect about $139 million in casino revenue in June to break the fiscal year record that was set in 2021-22. That was about $1.905 billion; Missouri has collected about $1.766 billion through 11 months of the 2022-23 FY, which ends in June.
There are no Missouri online casinos.
The Missouri Gaming Commission divides its gaming revenue figures into three markets around the state: The Kansas City market (four casinos), St. Louis market (four casinos), and the “Out State” markets (five casinos).
St. Louis Is Top State Casino Market
The St. Louis market had AGR of $80.48 million; the Kansas City market had AGR of about $56 million, and the Out State Markets had AGR of about $24.5 million.
Among individual casinos in the state in AGR, the top three were all in the St. Louis market: Ameristar St. Charles, $24.35 million; Hollywood Casino St. Louis, almost $22 million, and River City Casino in Lemay, about $21.16 million. Ameristar Kansas City led that metro area market with $16.76 million.
Casino gaming remains the best wagering option in the state because the state legislature again failed to approve Missouri sports betting in this year’s session.