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Missouri Casinos See Revenue Increase For Second Straight Month

Written By J.R. Duren on March 22, 2023
Missouri Casinos February 2023 Revenue

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%.

MonthTotal Adjusted Gross RevenueYear-on-Year % Change
February 2023$159,916,6528%
January 2023$153,710,4746%
December 2022$157,680,102-3%
November 2022$149,858,962-1%
October 2022$154,384,093-5%
September 2022$157,818,9964%
August 2022$160,989,7535%
July 2022$169,383,0111%
June 2022$151,576,784-3%
May 2022$163,539,011-6%
April 2022$172,259,1330%
March 2022$176,744,8480%
February 2022$145,758,11819%

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.

CasinoFebruary RevenueYear-on-Year % Change
Isle of Capri Booneville$7,650,53516%
Harrah's Kansas City$13,691,42413%
Bally's Kansas City$10,337,66912%
Horseshoe St. Louis$12,580,25111%
Century Casino Cape Girardeau$6,072,14311%
Hollywood Casino St. Louis$19,344,42010%
Ameristar St. Charles$25,410,0169%
River City Casino$20,888,6437%
Mark Twain Casino$3,112,6605%
St. Joseph Frontier Casino$4,139,6752%
Century Casino Caruthersville$3,880,4242%
Argosy Casino$13,953,9300%
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.

Photo by PlayUSA
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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.

View all posts by J.R. Duren
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