The late-summer slump was in full effect for Missouri’s casinos in August, with a 7.1% drop in adjusted gross revenue and similar declines in gaming proceeds to education.
Overall, the Show Me State’s casinos raked in $156,384,480 worth of adjusted gross revenue in August, which was down from July’s sum of $168,470,950 and slightly down from last year’s total of $160,989,753. Casinos in the state also chipped in $29,556,666 towards the Missouri Gaming Proceeds to Education fund, which was down from July’s total of $31,841,000.
There is no legal Missouri sports betting. Currently, Missouri is nearly surrounded by states that have legalized sports betting. Of the eight border states, only Oklahoma has not authorized the gaming activity.
St. Louis Casinos Tops in Revenue
On an individual casino-by-casino basis, St. Louis’ Ameristar Casino led the way in total aggregate gaming revenue, at $23.346 million, followed by River City Casino St. Louis ($20.613 million) and Hollywood Casino St. Louis ($19.956 million).
The rest of the Show Me State top five was Ameristar Casino Kansas City ($16.341 million), Argosy Kansas City ($14.127 million) and Harrah’s Kansas City ($14.073 million). Without Missouri sports betting apps, some casino customers cross the border from Kansas City, Missouri, to Kansas’ border casinos.
Through the first two calendar months of the 2023-24 fiscal year, Missouri casinos have taken in $324,855,430 in adjusted gross revenue, to go with $61,397,676 in revenue towards the state’s education fund. Missouri casinos previously posted $1,920,644,667 in total adjusted gross revenue during the previous fiscal year, which ran from June 2022 through June 2023, averaging out to $160,053,722 per month. The same facilities also chipped in $362,998,603 towards the state’s education fund during the previous fiscal year, which averaged out to $30,249,883 per month on average.