After suffering through three straight months of struggling revenue, Missouri casinos have posted back-to-back months of annual revenue gains.
According to the latest report from the Missouri Gaming Commission, the state’s 13 casinos generated more than $153 million in adjusted gross revenue (AGR) in February. That number represents an 8% increase over February 2022.
Upward trend reverses October-December losing streak
Over the past two months, Missouri casinos have seen their total AGR rise 6% and 8%, respectively. That growth is a welcomed sign after a three-month losing streak to end 2022:
- December: -3%
- November: -1%
- October: -5%
The annual AGR gains in January in February represent the two biggest gains dating back to March 2022. This is a good sign for Missouri’s casinos. They struggled through the second, third and fourth quarters last year, posting a net percentage gain of -8%.
|Month||Total Adjusted Gross Revenue||Year-on-Year % Change|
11 of 13 casinos seen year-on-year revenue growth
All but two of the state’s casinos saw their AGR grow over February 2022. The Isle of Capri led the way with 16% growth year-on-year, while Ameristar St. Charles saw the biggest boost in dollars, accounting for around $2.2 million of the state’s nearly $10.2 million annual revenue increase in February.
|Casino||February Revenue||Year-on-Year % Change|
|Isle of Capri Booneville||$7,650,535||16%|
|Harrah's Kansas City||$13,691,424||13%|
|Bally's Kansas City||$10,337,669||12%|
|Horseshoe St. Louis||$12,580,251||11%|
|Century Casino Cape Girardeau||$6,072,143||11%|
|Hollywood Casino St. Louis||$19,344,420||10%|
|Ameristar St. Charles||$25,410,016||9%|
|River City Casino||$20,888,643||7%|
|Mark Twain Casino||$3,112,660||5%|
|St. Joseph Frontier Casino||$4,139,675||2%|
|Century Casino Caruthersville||$3,880,424||2%|
|Ameristar Kansas City||$15,854,863||-1%|
What’s ahead for Missouri casinos?
If Missouri’s casinos follow the revenue pattern they generated in 2022, then February’s solid numbers will fade into a slow spring and early summer where growth will be minimal. Revenue should bounce back once summer gets into full swing before hitting a decline in October. It’s possible we could see a modest revenue spike in November, followed by a minor dip in December.