The commercial riverboat casinos in Missouri had a slight decline in November revenue compared to the previous month, but remained on pace to set a new fiscal year record.
The total adjusted gross revenue last month in the Show-Me State was $149,858,962, down 2.9% from the October Missouri casino revenue of about $154.4 million.
Last month’s total was also down 1.3% in a year-over-year comparison against November 2021, when the state’s casinos combined for $151.8 million.
November Missouri Revenue Analysis
As usual, Ameristar St. Charles led all Missouri casinos in revenue for November. The top three facilities in the state were in the St. Louis area, with Ameristar reporting $24.2 million in revenue, followed by River City with $20.9 million and Hollywood Casino at $17.9 million, the Missouri Gaming Commission reported in its monthly filings.
In the Kansas City market, Ameristar was first with $15.2 million last month in revenue. The next two KC area casinos were pretty close to the leader, with Harrah’s Kansas City recording $14.1 million and Argosy reporting about $13.55 million.
The Isle of Capri Casino in Boonville had just over $7 million for the month to lead the list of five casinos outside of the two big urban markets in Missouri.
State education funding received $28.3 million last month from casino revenues, bringing the total since inception to more than $7.47 billion. Local government got another $3.15 million in November.
There is no sports betting in Missouri, but turn to us for stories such as where St. Louis Blues fans ranked among the NHL's most dedicated supporters.
No Holiday Boost For Missouri Casinos
November marked the fourth consecutive month in which casino revenue dropped. From a July height of $169.38 million to start the fiscal year, the figures have dropped each month, though not precipitously.
And Missouri casino revenue remains on pace, barely, to set a new fiscal year record. A record that was set at riverboat casinos from July 2021 to June 2022.
Through five months, the state has had $792.4 million in casino revenue, ahead of last year when the figure was almost $786 million through November.
In the midst of holiday season, it will be interesting to see of Missouri can stay on track for a possible $2 billion fiscal year. And when the new year comes around, we will also see if Missouri sports betting gets any closer to fruition after a bill to make it legal stalled out last year.
Several neighboring states – including Kansas, Iowa, Illinois, Tennessee and Arkansas – have launched legal, regulated sports betting markets.