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Missouri Casinos Report 14% Surge in Revenue for February

Missouri's gaming sector experiences a significant 14% surge in revenue for February, with top casinos driving performance. Amidst this growth, the state deliberates the potential legalization of sports betting, signaling potential shifts in the gambling landscape and economic opportunities.
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Branimir Ivanov | Senior News Contributor

Updated: Mar 14, 2024

Missouri Casinos Report 14% Surge in Revenue for February

According to the latest report released by the Missouri Gaming Commission (MGC), the total adjusted gross revenue (AGR) for February hit $156.9 million, marking a notable increase of approximately 14% compared to the previous month's $135.4 million. This figure almost mirrors the AGR from February 2023, which stood at $156.7 million. Among the thirteen licensed casino operators in the state, Ameristar Casino Resort, Hollywood Casino, and River City Casino emerged as the top performers, each generating over $20 million in AGR.

 

  1. February Revenue Surge: Missouri's gaming industry witnessed a notable 14% increase in total adjusted gross revenue (AGR) for February, reaching $156.9 million, compared to the preceding month. This surge closely matched the AGR from February 2023, indicating sustained performance in the state's gaming sector.
  2. Top Performers: Among the thirteen licensed casino operators in Missouri, Ameristar Casino Resort, Hollywood Casino, and River City Casino emerged as the top revenue generators, each surpassing $20 million in AGR. Ameristar Casino Resort Spa St. Charles led the pack with $23.9 million in revenue.
  3. Potential Legalization of Sports Betting: Missouri is considering legalizing sports betting, with a bill championed by Representative Dan Houx undergoing deliberation. If passed, this legislation could authorize riverboat casinos in the state to accept sports bets and permit online sportsbook operators to facilitate wagering for Missouri residents, potentially reshaping the state's gambling landscape and offering new avenues for revenue generation.

 

Here's the breakdown of February AGR for all thirteen Missouri casinos:

  • Ameristar Casino Resort Spa St. Charles: $23.9 million
  • Hollywood Casino & Hotel St. Louis: $20.6 million
  • River City Casino Hotel: $20.3 million
  • Ameristar Casino Hotel Kansas City: $16.8 million
  • Argosy Casino Hotel & Spa: $13.6 million
  • Harrah’s Kansas City: $13.6 million
  • Horseshoe St. Louis: $12.3 million
  • Bally’s Casino Kansas City: $11.2 million
  • Isle of Capri Casino Hotel Boonville: $7.0 million
  • Century Casino Cape Girardeau: $5.7 million
  • Century Casino Caruthersville: $4.0 million
  • Jo Frontier Casino: $4.2 million
  • Mark Twain Casino: $3.1 million

 

“February's surge in gaming revenue reflects the resilience of Missouri's gaming industry, showcasing consistent performance and potential for growth. As we explore avenues like sports betting legalization, we aim to continue providing both entertainment and economic opportunities for our state.”

 

The Missouri gaming tax for February also saw a significant uptick, with a 13% increase compared to the previous month, amounting to $32.9 million. Ameristar Casino Resort notably contributed to this figure, with its gaming tax payment climbing from $4,526,948 in January to $5,026,638 in February. Hollywood Casino reported revenues of $4,339,097, closely followed by River City, with earnings totaling $4,277,386.

In February, the slot handle surged by approximately 10%, reaching $1.3 billion, while table games experienced a decline of $104.2 million, yet managed to achieve a win of $21.3 million, indicating a 3% drop compared to January 2024.

In related news, Missouri could potentially see the legalization of sports betting in the near future. A sports betting bill, introduced by Representative Dan Houx (R-Warrensburg) in January, is undergoing deliberation. If passed, this legislation could significantly alter the state's gambling landscape, potentially opening new avenues for entertainment and revenue generation.

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