On PlayIowa, we already covered Iowa sports betting revenue for the first month of 2023, but now we’ll take a look at the revenue numbers released for table games and slot machines at Iowa casinos.
Iowa casinos had a very strong month in January with over one million admissions and over $135 million in adjusted gross revenue. That led to nearly $30 million contributed to taxes across the state.
Let’s dive into the numbers, but first is a list of the 19 casinos in operation and regulated by the state.
19 Iowa casinos host table games and slot machines
There are 19 Iowa casinos or resorts that offer different kinds of games. Spanning from keno to blackjack to craps and slot machines and nearly all of them are regularly visited. Over one million people visited a casino in January.
- Ameristar Casino and Hotel Council Bluffs in Council Bluffs
- Casino Queen – Marquette in Marquette
- Catfish Bend Hotel and Casino in Burlington
- Diamond Jo Casino Dubuque in Dubuque
- Diamond Jo Worth Casino in Northwood
- Grand Falls Casino and Golf Resort in Larchwood
- Hard Rock Hotel and Casino Sioux City in Sioux City
- Harrah’s Council Bluff Hotel and Casino in Council Bluffs
- Horseshoe Council Bluffs Casino and Hotel in Council Bluffs
- Isle Casino Hotel Waterloo in Waterloo
- Isle of Capri Casino and Hotel Bettendorf in Bettendorf
- Lakeside Hotel and Casino in Osceola
- Prairie Meadows Casino, Racetrack, and Hotel in Altoona
- Q Casino in Dubuque
- Rhythm City Casino Resort in Davenport
- Wild Rose Casino and Hotel in Jefferson
- Riverside Golf and Casino Resort in Riverside
- Wild Rose Casino and Hotel in Clinton
- Wild Rose Casino and Hotel in Emmetsburg
All of these casinos and resorts vary in amenities, amount of gaming tables and casino floor size. But all of them are regulated by the state and contributed the following statistics.
January 2023 casino gaming revenue for Iowa
Iowa’s 19 casinos had a total adjusted gross revenue from both slot machine games and table games of $136,091,678. The vast majority of that combined adjusted gross revenue came from slot machines.
When looking just at table games specifically, the adjusted gross revenue was just $14,243,631. That’s just a drop in the bucket when compared to slot machines.
Slot machines managed to create a massive $121,848,047 in revenue, outpacing table games by a wide margin; over eight and a half times more to be specific.
The reason for such strong January casino revenue is simply because of the sheer number of patrons. There were a total of 1,349,647 admissions across all 19 casinos to play 456 combined table games and 14,698 combined slot machines.
All of that revenue from table games and slot machines helped contribute a sizable amount of tax dollars for the state’s many programs. There was over $1.3 million combined to the city and county taxes.
Iowa casinos also contributed over $1 million to the endowment fund and another $264,157 to the state’s miscellaneous fund. Lastly, Iowa casinos contributed just over a whopping $27 million in state taxes.
Casino by casino revenue numbers breakdown
All of the casinos in Iowa did well in January according to the latest IRGC report. Out of 19, 12 casinos had an adjusted gross revenue of at least $5 million or more. That left just four casinos making over $10 million in adjusted gross revenue and seven under $5 million.
In the world of casinos, that is more parity than normal between the 19 casinos competing for the patronage of the residents of Iowa.
The top five casinos in terms of adjusted gross revenue:
- The casino with the highest adjusted gross revenue from casino games was the Prairie Meadows Casino, Racetrack, and Hotel in Altoona, Iowa at over $18 million. Their biggest source of revenue is from slot machines where they had over $16.5 million in revenue generated.
- The second-highest adjusted gross revenue from casino games was Horseshoe Council Bluffs Casino and Hotel with $16,023,589. Their biggest source of revenue was also slot machine games which brought in over $13 million. But their more than $2.8 million in table game revenue was the most of any of the 19 casinos in operation in Iowa.
- Ameristar Casino and Hotel Council Bluffs was the third-highest revenue earner with $14,393,439. Like everyone else in the state, their biggest generator of revenue was slot machines with more than $12.5 million in revenue. But their table games revenue was just over $50,000 away from being second-highest in the state.
- Fourth-highest adjusted gross revenue was Riverside Golf and Casino Resort with $10,021,225. They brought in just over $9 million in slot machine revenue and another $1 million in table game revenue in January.
- The casino with the fifth-highest adjusted gross revenue from casino games was Rhythm City Casino Resort in Davenport, Iowa with $8,936,296. Over 90% of their total adjusted gross revenue came from slot machines with just over $8 million in revenue generated. The other nearly $900 thousand in revenue came from table games.
Iowa had a good month to kick off 2023 in all gambling aspects and that interest should only continue to increase.
