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Iowa Casino Revenue Dips Slightly In August While Sports Betting Booms

Written By J.R. Duren | Updated:
Blurry Casino Entrance With Orange Neon Sign and Iowa gambling August 2023

Iowa casino revenue dipped slightly month on month in August, while sports betting revenue spiked up 27% in August, according to the latest data from the Iowa Racing and Gaming Commission (IRGC).

Most Iowa casinos saw a revenue loss for table games and slots in August

This past month saw adjusted gross revenue from Iowa’s 19 casinos total $143.16 million, down from $150.04 million in July, representing a roughly 4.7% decrease.

Here’s how the casino revenue numbers looked in August compared to Iowa’s revenue totals in July:

CasinoJuly RevenueAugust Revenue% Change, Month-on-Month
Ameristar II$15,547,200$14,628,845-5.91%
Casino Queen - Marquette$1,876,479$1,760,720-6.17%
Catfish Bend Casino$3,958,885$3,596,099-9.16%
Diamond Jo - Dubuque$6,676,891$6,456,972-3.29%
Diamond Jo - Worth$8,792,960$9,195,0894.57%
Grand Falls Casino Resort$8,731,905$8,190,777-6.20%
Hard Rock Casino$7,776,833$7,356,721-5.40%
Harrah's Council Bluffs$6,158,029$5,913,932-3.96%
Horseshoe Casino Council Bluffs$17,053,589$15,805,904-7.32%
Isle Casino Hotel Waterloo$7,708,138$7,336,231-4.82%
Isle of Capri - Bettendorf$5,896,866$5,400,886-8.41%
Lakeside Casino$4,208,594$4,071,510-3.26%
Prairie Meadows$20,776,961$20,751,607-0.12%
Q Casino$4,381,481$3,922,065-10.49%
Rhythm City Casino$9,735,924$9,121,715-6.31%
Riverside Casino and Golf Resort$11,581,161$11,211,676-3.19%
Wild Rose - Clinton$2,981,217$2,736,826-8.20%
Wild Rose - Emmetsburg$3,040,673$2,690,484-11.52%
Wild Rose - Jefferson$3,156,204$2,690,484-14.76%
Total`$150,039,990$143,163,123-4.58%

The top five Iowa casinos for table games and slots revenue this past month were:

  1. Prairie Meadows Racetrack and Casino: $20.8 million
  2. Horseshoe Casino Council Bluffs: $15.8 million
  3. Ameristar II: $14.6 million
  4. Riverside Casino and Golf Resort: $11.2 million
  5. Diamond Jo (Worth): $9.2 million

All but one casino tallied monthly revenue losses in August, with Wild Rose’s Jefferson and Emmetsville locations and Q Casino logging double-digit losses.

Diamond Jo (Worth) was the only casino to see its revenue go up. The property was up 4.57% in August.

Iowa sports betting revenue up nearly 28% in August

While table games and slots at casinos struggled to grow revenue in August, Iowa’s land-based sportsbooks had no such problems, generally speaking.

Land-based sports betting revenue was up 27.8%, or $3 million, month-on-month.  Three casinos drove more than half of that growth according to the IRGC’s August revenue report:

  1. Ameristar II
  2. Diamond Jo (Worth)
  3. Horseshoe Casino Council Bluffs
CasinoJuly RevenueAugust Revenue% Change, Month-on-Month
Ameristar II($5,415.04)$577,811.3910,770.49%
Casino Queen - Marquette$664,716.99$434,881.5-34.58%
Catfish Bend Casino$173,031.40$170,268.23-1.60%
Diamond Jo - Dubuque$3,272,764.22$3,537,524.658.09%
Diamond Jo - Worth$1,177,986.88$1,680,578.6942.67%
Grand Falls Casino Resort$138,572.63$236,962.6671.00%
Hard Rock Casino$51,077.82$118,593.40132.18%
Harrah's Council Bluffs$161,796.54$250,839.8155.03%
Horseshoe Casino Council Bluffs$39,254.34$600,549.131,429.89%
Isle Casino Hotel Waterloo$312,161.09$342,600.889.75%
Isle of Capri - Bettendorf$284,610.01$332,635.3916.87%
Lakeside Casino$113,742.63$35,439.40-68.84%
Prairie Meadows$643,757.7$821,324.6327.58%
Q Casino$52,369.27$77,296.5047.60%
Rhythm City Casino$7,855.95$0-100.00%
Riverside Casino and Golf Resort$1,993.69($4,354.37)-318.41%
Wild Rose - Clinton$940,561.82$1,278,139.7935.89%
Wild Rose - Emmetsburg$992,633.39$1,223,717.2623.28%
Wild Rose - Jefferson$1,545,517.10$1,792,471.3815.98%
Total`$10,568,988.51$13,507,280.3927.80%

 

Photo by PlayUSA
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Written by
J.R. Duren

J.R. Duren has covered the gambling beats for more than a dozen states for Catena Media since 2015. His past reporting experience includes two years at the Villages Daily Sun, and he is a first-place winner at the Florida Press Club Excellence in Journalism Contest.

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