The opening month of the calendar year was a dismal one for Missouri casinos, with double-digit drops in total adjusted gross revenue and Gaming Proceeds to Education funding during January compared to December.
In total, Missouri casinos took in $135,435,435 in total adjusted gross revenue in January., a 19.9% decline from December’s total of $169,052,926. It was the Show Me State’s lowest monthly total of the 2023-24 fiscal year, which began in July, and the lowest in almost three years. The news comes amid a renewed push to make Missouri sportsbooks legal at last.
Lowest Revenue of Fiscal Year
The previous revenue low point for Missouri casinos in the 2023-24 FY was November’s total of $147,612,440, followed by October’s total of $150,480,189. The January 2024 revenue was the lowest month-end sum since the facilities took in $122,646,371 in February 2021.
The state’s Gaming Proceeds to Education funds were $25,597,297 last month, with a 19.9% drop from December ($31,951,003) mirroring the fall in revenue. Again, it was the lowest total since February 2021, when the state’s casinos chipped in $23,180,164 to the fund.
There are no Missouri online casinos.
Missouri Casino Revenue Breakdown
In January, the leader in total aggregate revenue was Ameristar Casino in St. Louis at $21.557 million, according to Missouri Gaming Commission figures. That was followed by River City ($18.038 million), Hollywood Casino ($18.010 million), Ameristar Kansas City ($14.083 million), Argosy Casino Kansas City ($12.390 million), Harrah’s Kansas City ($11.299 million) and Horseshoe Casino St. Louis ($10.910 million).
Rounding out the list of the top casinos by total aggregate gaming revenue in January were Bally’s Kansas City ($9.442 million), Isle Casino Boonville ($6.006 million), Century Cape Casino ($4.782 million), Century Casino Caruthersville ($3.376 million), St. Jo Casino ($3.328 million) and Mark Twain Casino ($2.214 million).
Of the 13 casinos in Missouri, none posted a year-over-year increase in AGR during January. Hollywood Casino St. Louis posted the smallest year-over-year decline, at 4.5%, which was a lot rosier than the state’s total of 11.9%.
Stay with BetMissouri.com for the latest on legal Missouri sports betting apps and whether they can get approved soon.
