Casino Revenue In November Shows Steady Iowa Gambling Market

Written By Darren Cooper on December 21, 2022 - Last Updated on December 27, 2022
November 2022 Iowa casinos revenue report

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.

This report is only for casinos. The IRGC recently shared numbers for Iowa sports betting operators. For the month of November, Iowa sportsbooks reported just over $247 million in handle.

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 CasinoCasino 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.

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Darren Cooper

Darren Cooper was born and raised in Southern Louisiana, just a short pirogue ride away from New Orleans. He started his journalism career at the New Orleans Times-Picayune and has been a writer and columnist in New Jersey since 1998. He's won 14 statewide press awards and earned his first Associated Press Sports Editors Top 10 award in 2022. 

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