Breaking Down Kansas Casinos' February Revenue
Kansas gaming income decreased by 4.8% year-on-year in February compared to the same month last year.
Catch this Insight Kansas casino gaming revenue dipped 4.8% in February 2024, sliding down from $34.3 million to $32.6 million compared to the previous year.
In a recent report by the Kansas Lottery, overseeing the four commercial casinos in the Sunflower State, three out of four casinos recorded year-over-year declines in revenue.
Hollywood Casino claimed the top spot in gaming revenue for February, bringing in $13.2 million. Despite leading the pack, the casino experienced a slight dip of around 1.4%, as revenue decreased from $13.4 million reported in the same month last year.
Kansas Star Casino held the second-highest revenue, generating $12.4 million last month. Unfortunately, this casino took the biggest hit, registering a more than 10% decline in year-over-year revenue, dropping from $13.8 million in February 2023 to $12.4 million this past February.
Boot Hill Casino managed $3.7 million in February, marking a 5.9% decline compared to the $3.9 million reported the same time last year.
On a positive note, Kansas Casino Crossing was the sole casino to report a revenue increase in February, with a 4.3% hike, boosting their revenue to $3.3 million from the $3.2 million reported in February 2024.
Full-Year casino comparisons for February 2024 might be hard to pinpoint in the data due to the nationwide dip in revenue. Factors such as:
- Normalized post-pandemic spending could have led to the dip, following record 2021-2023 gaming revenue.
- Weather/seasonal factors possibly influenced foot traffic.
- Shift toward mobile sports betting might have contributed to the decline in revenue, although Kansas' February 2024 sports handle decreased slightly to $193.8M.
However, when it comes to granular, operator-level reports, those specific details aren't included in the provided results.
For a more in-depth comparison, one would need access to detailed reports that directly compare each casino's performance between February 2024 and previous years.
Sources:[1] Associated Press[2] Bloomberg[3] American Gaming Association[4] Kansas Lottery Commission press release
- The casinos in Kansas, such as Hollywood Casino and Kansas Star Casino, have reported significant declines in their year-over-year revenue, with Kansas Star Casino taking the biggest hit.
- In contrast, Kansas Casino Crossing was the only casino to report a revenue increase, demonstrating a 4.3% hike compared to the previous year.
- The decline in casino-and-gambling revenue in Kansas may be attributed to a variety of factors, including normalized post-pandemic spending, weather/seasonal factors, and a shift toward mobile sports betting. However, a detailed comparison of each casino's performance between specific years is not provided in the current reports.
