Missouri Casinos End 2021 With December Revenue Increase
All 13 commercial casinos in Missouri ended 2021 on a high note in terms of revenue.
State gaming facilities reported revenue of $ 163,329,307 for December, an increase of 7.6% from the $ 151.8 million in revenue in November.
December was the best month for casinos in the state since July, when they achieved Adjusted Gross Income (AGR) of $ 167.4 million.
In a year-over-year comparison, the numbers for December look even better, according to figures from the Missouri Gaming Commission. Revenue of $ 163.3 million was 21.8% higher than in December 2020, when it was $ 134.1 million.
At mid-year, from July to June, the increase is almost identical. So far in fiscal year 2021-22, casinos in Missouri have achieved $ 949.3 million in AGR, 21.9% ahead of the pace of fiscal year 2020-21, as it was $ 779 million until December 2020.
Missouri Casino Gambling Leaders
The Ameristar Casino in St. Charles led all Missouri casinos in terms of revenue for December at $ 27.25 million. Two other facilities in the St. Louis market, River City ($ 21.88 million) and Hollywood ($ 20.35 million), also exceeded $ 20 million in revenue for the month.
Ameristar Kansas City led this market for the month with $ 16.76 million in revenue, followed by Harrah’s ($ 14.82 million). Out-of-state markets were dominated by Isle Casino in Boonville at $ 7.39 million.
In total, the state’s casinos combined for $ 140.3 million in AGR from slots and $ 22.7 million from table games. The AGR hybrid machine represented $ 349,000; these are only available at Ameristar St. Charles and Argosy in Riverside.
Gambling revenue earmarked for the public education fund totaled $ 30,869,239 in December, an increase of over $ 2 million from November’s total of $ 28.7 million.
Sports betting is still waiting
There are no real money online casino options in Missouri. Advocates are pushing for online sports betting in the state, but the legislature has yet to pass a bill legalizing the practice.
Neighboring states of Iowa, Illinois, Tennessee and Arkansas offer sports betting in one form or another and the trend is growing nationwide. New York just launched mobile sports betting on Saturday and broke any state opening weekend records.
Four of the state’s professional sports teams – the Kansas City Royals, the St. Louis Cardinals, the St. Louis Blues and the St. Louis City Soccer Club – have supported a series of initiatives to involve sports betting in the Missouri ballot.