Iowa Casino Revenue Dips Slightly In August While Sports Betting Booms

Written By J.R. Duren on September 12, 2023
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%

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%


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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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