Missouri Casino Revenue Declines in January to Start 2022

Missouri Casino Revenue Declines in January to Start 2022

By Jim Tomlin

Missouri’s 13 commercial casinos made $145.5 million in revenue during January as the state started 2022 with a 10.9% decline from December.

The casinos in the Show-Me-State recorded $163.3 million in revenue for December.

As for a year-over-year comparison, January also saw a slight decline, falling 1.2% compared to January 2021. That $145.5 million in revenue last month translated to a $27.5 million contribution to the state’s education funding.

Here are three takeaways from the January revenue report for Missouri casinos, according to numbers from the Missouri Gaming Commission.

Breakdown of Missouri Casino Revenue

The Ameristar Casino in St. Charles topped the state’s casinos for the month with $24.3 million in Total Adjusted Gross Revenue. The facility pulled in $18.7 million from slot machines and $5.4 million from table games, plus $255,000 with hybrid machines, an option that only Ameristar SC and Argosy in Riverside offer in Missouri.

That was followed by two other casinos also in the St. Louis market – Hollywood Casino ($18.95 million) and River City ($18.76 million).

Ameristar’s Kansas City location led that market with $14.9 million in revenue, followed by Harrah’s Kansas City ($13.98 million) and Argosy ($12.72 million).

Isle Casino in Boonville topped the “out state” options (those outside of St. Louis and Kansas City) at $6.66 million.

There are no real money online casino options in Missouri.

A Few Casinos Ahead Year-Over-Year

Only four of the state’s casinos saw an increase in total AGR in a year-over-year comparison, but those that did came out well ahead of where they were 12 months earlier.

Bally’s Kansas City had the biggest revenue jump, going from $6.9 million in January 2021 to $9.1 million last month. That was a 32% increase. Hollywood also topped 30%, increasing from $14.5 million 12 months earlier to $18.95 million in January.

River City (19.6%) and St. Jo (12.6%) also had double-digit increases compared to January 2021.

The biggest drop came at Lumiere Place Casino, which fell 32.9% from $15.93 million a year ago to $10.69 million last month. But that facility is about to undergo some changes.

St. Louis Casino Rebranding

Lumiere Place will soon become Horseshoe Saint Louis, parent company Caesars Entertainment announced last week.

The brand name switch is part of a renovation at Lumiere Place.

The move will also bring the notable Horseshoe name to the Missouri casino market. Horseshoe has casinos in several states but perhaps the company’s biggest claim to fame is that the World Series of Poker began at the Horseshoe Club in Las Vegas in the early 1970s.

This year’s WSOP will take place in Vegas at a Bally’s facility that is also changing its name to Horseshoe (it’s a different building than the original Horseshoe). The newly branded Horseshoe Las Vegas will host this year’s WSOP tournament from May 31 to July 19.

quote
WRITTEN BY
TopUsCasinos.com
Jim Tomlin
Jim Tomlin has more than 20 years of experience in sports journalism as an editor and writer. He has covered pro and college sports from football, baseball, basketball, soccer, golf, motorsports and more for publications such as the Tampa Bay Times, SaturdayDownSouth.com, SaturdayTradition.com and FanRag Sports.
... Read More
Jim Tomlin has more than 20 years of experience in sports journalism as an editor and writer. He has covered pro and college sports from football, baseball, basketball, soccer, golf, motorsports and more for publications such as the Tampa Bay Times, SaturdayDownSouth.com, SaturdayTradition.com and FanRag Sports.
... Read More