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Last Updated: June 13, 2024 6:52 PM EDT • 54 sec read. Twitter link Google News Link
The Missouri Gaming Commission (MGC) recently released its financial reports for May, revealing that revenue from the state’s 13 riverboat casinos was up around 1.25% year-over-year.
Revenue reached approximately $163 million in the month of May, a slight increase from last year’s $161 million. Bally’s in Kansas City saw the largest year-over-year revenue jump of 11% after reporting positive growth in nine of the past 11 months.
Seven other casinos reported year-over-year revenue increases, including the two Century Casinos in Cartuhersville and Cape Girardeau.
Three Missouri casinos reported revenues above $20 million in May, with Ameristar St. Charles generating the highest at $25.3 million. River City Casino in St. Louis collected $21.5 million in revenue, followed by Hollywood Casino St. Louis with $21.3 million.
Total admissions across the 13 venues reached almost 2.4 million guests in May – a marginal 0.3% increase year-over-year.
River City Casino saw the highest number of admissions at 340,709. The revenue collected from Missouri’s casinos in May resulted in a tax contribution of $34.2 million for the state, which will go toward education, veterans programs, and other causes.
Because MGC regulations prohibit land-based casinos or other mobile casino apps, casino gambling in the state is limited to riverboat venues. Since Missouri sports betting is yet to be legalized, real money online casinos are unlikely to launch in the state in the near future, either.
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