The Iowa Racing and Gaming Commission (IRGC) reported Iowa casino gaming revenue for table games and slot machines for January 2023.
According to the report, Iowa casinos generated more than $136 million in adjusted gross revenue. That’s a 4% YOY increase from the $130 million generated in January last year. Just like during previous months, slot machines were the biggest revenue generators for all the casinos in the state.
Iowa generated over $27 million in state taxes.
January 2023 figures for Iowa casinos
According to the IRGC’s latest report, 19 brick-and-mortar commercial casinos generated $136,091,678 in adjusted gross revenue. Most of that money came from Iowa slot machines. Specifically:
- Table game revenue was $14,243,631
- A massive $121,848,047 came from slots
The commission reported over 1.3 million admissions on 456 combined table games and 14,698 combined slot machines.
While Iowa casinos contributed to the $27,090,276 state tax, $1,056,626 went to the state’s endowment fund. Another $264,157 went toward the state’s miscellaneous fund.
Most successful Iowa casinos in January 2023
Out of 19 Iowa casinos, 12 gaming venues had over $5 million in adjusted gross revenue. Only four casinos managed to exceed $10 million in adjusted gross revenue. These are:
- Prairie Meadows Racetrack & Casino
- Horseshoe Casino Council Bluffs
- Ameristar Casino
- Riverside Casino and Golf Resort
Prairie Meadows Racetrack & Casino had the highest adjusted gross revenue from casino games nearly $18.4 million. The casino generated over $16.5 million from slot machines and $1.87 million from table games.
The next most successful Iowa casino in monthly gaming revenue, Horseshoe Casino Council Bluffs, generated $16,023,589. While $13.18 million came from slots, more than $2.84 million came from table game revenue.
Ameristar Casino followed with $14,393,439. Out of that amount, more than $12.5 million in revenue came from slot machines. Meanwhile, the casino’s table games revenue was just over $50,000.
The fourth-highest revenue earner, Riverside Casino and Golf Resort generated $10,021,225 in January. The casino got a little over $9 million in slot machine revenue, with an additional $1 million in table game revenue.
Although not exceeding $10 million, Rhythm City Casino was the fifth most successful revenue generator, with $8,936,296 in adjusted gross revenue. While $8.05 million in revenue came from slot machines, the casino got another $900 thousand from table games.