Casino earnings in Missouri slightly increased in March.
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Missouri Casinos See Slight Growth, but Only a Few Appreciate the Boost
Last month, Missouri's casino industry raked in a total adjusted gross revenue (AGR) of around $177.9 million, marking a modest 1% rise as compared to the same period a year ago, according to recent data from the Missouri Gaming Commission.
A Mixed Bag: Winning Casinos Against the Odds
Despite the overall uptick, only five out of the state's casino properties managed to record year-over-year gains. Century Casino Caruthersville kicked off the list, showing a remarkable 17% surge in AGR, bringing in a whopping $5.5 million. River City Casino in St. Louis and Horseshoe Casino also flaunted impressive numbers, reporting increments of 8% and 7% respectively, with $24.7 million and $14.9 million in revenue for the month.
Meanwhile, Hollywood Casino and Isle of Capri Casino registered more modest increases of 4% and 1% respectively, ending the month with $22.6 million and just over $8 million in their pockets.
Ameristar St. Charles, Still on Top, Stays Static
Ameristar St. Charles, the highest revenue-generating casino, managed to maintain its position with $26.5 million in AGR, showing a minimal growth of less than $100,000 compared to March 2024. On the flip side, Century Casino Cape saw the steepest decline, dropping 8% year-over-year to a reported $6.3 million. Argosy Casino & Hotel ultimately experienced a 6% descent, and Bally's Kansas City suffered a slight 2% drop, while Harrah's Kansas City and Mark Twain Casino trailed behind with decreases of 1% and 5% respectively, generating $15.2 million and $3.3 million in AGR.
Table Games and Slots Revenues Show Slight Increase
On the whole, table game revenue crept up by 2% year-over-year in March, reaching a total of $24.6 million, with a hold percentage of 21.4%. Ameristar St. Charles topped the list in table game adjusted gross revenue, but suffered a small 2% decline, bagging $4.6 million.
Slot machines pumped in around $153.3 million statewide for March 2025, representing a 1% boost from the previous year. The hold percentage stood at 9.7%. Ameristar St. Charles, once again outshone the competition in the slot category, inching up 1% to $21.9 million in slot AGR. River City Casino followed suit, notching a 5% increase year-over-year, with $21 million in slot earnings.
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Insights:
- Factors contributing to the varying performances of Missouri casinos could include local economic conditions, competition from neighboring states, the popularity of specific casinos, seasonal fluctuations, and operational adjustments.
- Casinos that managed to boost growth seem to have excelled in differentiating themselves or capitalizing on market opportunities.
- By 2025, the Missouri casino industry anticipates an increased finance flow, targeting a growth of around $178 million in adjusted gross revenue (AGR) as per the Missouri Gaming Commission's data.
- The casino and gambling sector in Missouri, beyond its current 1% growth, is expected to experience a more substantial rise in revenue with the involvement of banking-and-insurance industries to finance expansion and development in the industry.
- The 2025 AGR forecast for the Missouri casino industry indicates a significant impact on the local economy, with potential job creation, increased tax revenue, and stimulation of other businesses in the Missouri banking-and-insurance sector.
- The projected growth in the Missouri casinos' AGR by 2025 signifies a potential boost to Missouri's tourism industry, attracting more visitors and incentivizing them to explore Missouri's casinos, thus enhancing the overall economy.
