The ninth month of the calendar year was kind to Missouri casinos, with slight increases in adjusted gross revenue and the amount of money chipped into the state’s Gaming Proceeds to Education fund.
Overall, Missouri casinos took in $158,565,723 in total adjusted gross revenue in September, which was up 1.4% from August’s total of $156,384,480, while the state’s Gaming Proceeds to Education fund figure ($29,968,922) climbed 1.4% month-over-month, from $29,556,666.83 in August to $29,968,922 in September.
As far as year-over-year figures were concerned, Missouri casinos had their total adjusted gross revenues climb 0.5%, from $157,818,996 in 2022 to the 2023 figure, while the Gaming Proceeds to Education total also increased by 0.5% in September.
Remember, there is no legal Missouri sports betting, although there is hope that will change in 2024.
Early Results from Fiscal Year
Through the first three months of the 2023-24 fiscal year, Missouri casinos have taken in $483,421,153 in total adjusted gross revenue and have contributed $91,006,668.39 to the Show Me State’s Gaming Proceeds to Education fund.
Those figures represent just under a 1% decrease, year-over-year, from the same period in 2022, when the same facilities took in $488,191,760 in total adjusted gaming revenue, while the casinos’ Gaming Proceeds to Education funding amount fell 1.4% from the 2022 total during that period ($92,268,242).
It’s worth noting that Missouri casinos took in a record-breaking total adjusted gross revenue total of $1,920,644,667 during the 2022-23 fiscal year, which likely explains the falloff in revenues seen during the first three months of the 2023-24 fiscal year in the Show Me State.