Missouri’s casino industry had a virtual repeat of January with its February revenue numbers.
The Show-Me-State recorded $145,758,118 in total revenue from its 13 riverboat casinos for the second month of 2022, an increase of 0.2% from the $145,488,962 figure reported in January.
The $145.76 million for February marked an 18.8% increase over February 2021, when the revenue totaled $122.65 million, according to the Missouri Gaming Commission.
The Total Adjusted Gross Revenue (AGR) for the 2021-22 fiscal year (since July 2021) is $1.24 million, 18.3% ahead of the previous fiscal year’s pace. The state’s Education Fund received $27.55 million from gaming revenues in February and local government entities received $3.06 million.
Missouri’s leader in AGR for February was Ameristar Casino in St. Charles, just on the other side of the Missouri River from downtown St. Louis. Ameristar made $23.2 million last month – derived from $18.14 million at slot machines, $4.785 million from table games and $284,000 from hybrid machines.
River City Casino Hotel in St. Louis was second in the state with $19.485 million in February revenue, followed by Hollywood Casino & Hotel St. Louis at $17.586 million. Hollywood, like Ameristar, is on the Missouri River; River City is on the east side of the city on the Mississippi River, on the border with Illinois.
The fourth casino in the St. Louis market is Lumiere Place, which reported $11.3 million in revenue last month. Owner Caesars Entertainment announced in February that the facility would be undergoing a rebranding and would be renamed Horseshoe St. Louis. The casino will also be undergoing a renovation, scheduled for completion in the first half of 2022.
An Ameristar Casino location also led the Kansas City market for February with $15.97 million, followed by the Argosy Casino Hotel & Spa in Riverside ($13.96 million). Missouri has five riverboat casinos outside of the Kansas City and St. Louis markets; Isle Casino in Boonville had the most revenue among those locations in February at $6.6 million.
Missouri does not have real money online casino options.
In late February, the Missouri House Committee on Public Policy held hearings regarding two bills that would make online sports betting legal in the state.
House Bills 2502 and 2556 would grant each of the state’s riverboat casinos the option to offer up to three online apps for mobile sports betting.
The casino operators back the legislation, as do several pro sports teams including the St. Louis Cardinals and Kansas City Royals of MLB. Those teams would be eligible for one license, or “skin,” to operate a sportsbook if the law is approved. Efforts in previous years to legalize sports betting in Missouri have stalled..