The 19 Iowa casinos brought in an adjusted gross revenue of $137.9 million for the last period of the 2022 fiscal year, according to the November report issued by the Iowa Racing and Gaming Commission (IRGC) last week.
For the fiscal year to date, Iowa’s retail casinos have produced $734.4 million in adjusted gross revenue, providing the state with over $138.6 million in state taxes.
The $137.9 million from last month is less than the previous two reports. In October, the casinos showed a revenue of $146.5 million statewide. In September, it was $146 million.
Top 5 highest-paying Iowa casino
The eight-page dossier contains lots of trivia and notes on the Iowa casino industry. It lists the state as having 14,675 slot machines and 460 table games for players. It also shows where Iowa players have won big in 2022.
Ameristar has the highest win total per table game at $1,961, followed by Horseshoe Council Bluffs ($1,776), Rhythm City Casino ($1,397), Prairie Meadows ($1,262) and Harrah’s Casino rounding out the top five at $1,226.
What about slot machines? The highest daily win total per slot machine on hand is Prairie Meadows Casino in Altoona, which has paid out $444 a day this fiscal year on average at a slot machine, then Horseshoe Council Bluffs ($372), Harrah’s ($356), Riverside Casino ($335) and Ameristar ($345).
Another category listed in the report is the average daily win per square foot on the casino grounds, a metric comparing the size of the game floor to the amount won each day. Ameristar II is the biggest winner using this comparison, paying out an average of $14 per square foot.
Prairie Meadows tops Iowa casinos
Prairie Meadows Racetrack and Casino brought in the most adjusted gross revenue of all of the casinos in Iowa, with $99.4 million during the last fiscal period. It derived the bulk of that income from its blackjack tables, where it saw $12.4 million bet on its 20 tables. Horseshoe was second in Iowa for adjusted gross revenue at $87.1 million. Here are the totals:
|Iowa Casino||Casino Revenue|
|Ameristar Casino||$77.3 million|
|Casino Queen Marquette||$9,438,836|
|Catfish Bend Casino||$18.3 million|
|Diamond Jo Dubuque||$31.3 million|
|Diamond Jo (Worth)||$42.8 million|
|Grand Falls Casino||$40.4 million|
|Hard Rock Casino||$39 million|
|Harrah’s Council Bluffs||$29.8 million|
|Horseshoe Council Bluffs||$87.1 million|
|Isle of Capri Bettendorf||$32.6 million|
|Isle Casino Waterloo||$41.4 million|
|Lakeside Casino||$20.9 million|
|Prairie Meadows Racetrack and Casino||$99.4 million|
|Q Casino||$21.7 million|
|Rhythm City Casino||$48.2 million|
|Riverside Casino||$53.6 million|
|Wild Rose Clinton||$13,504,000|
|Wild Rose Emmetsburg||$12,985,000|
|Wild Rose Jefferson||$14,730,000|
In June, citing the market saturation, Gov. Kim Reynolds signed a bill preventing any new casinos from being licensed until 2024.