Iowa casino revenue increase in May was a noteworthy trend as casinos reported an adjusted gross gaming revenue of $149.5 million, a 0.5% rise compared to the $148.8 million recorded in May 2024. For more insights on Iowa’s gambling industry, explore our detailed analysis of the latest trends in online casinos.
Iowa Casino Revenue Increase Drives Growth
The Iowa Racing and Gaming Commission revealed that slot machines in the state’s 19 licensed casinos produced $135.6 million in revenue. This figure represents a 0.4% increase from the previous year’s $135.1 million. Additionally, table games saw a revenue rise to $13.9 million, marking a 1.5% increase from the former $13.7 million.
Leading the revenue ascent, Prairie Meadows Racetrack & Casino generated $21.5 million last month. Following closely were Horseshoe Casino Council Bluffs at $15.4 million and Ameristar Council Bluffs at $14.5 million. Riverside Casino & Golf Resort and Rhythm City Casino also contributed significantly with $10.8 million and $10.2 million, respectively.
Impact of Sports Betting on Iowa Casino Revenue Increase
In another positive development, Iowa’s sports-betting handle surged by 11% year-over-year, reaching $202.6 million in May. This marked the first time monthly wagers crossed the $200 million benchmark in the Hawkeye State.
Iowa casinos played a vital role in supporting state finances, contributing $28.6 million in gaming taxes during May. They also allocated $1.1 million to the state’s endowment fund, $700,000 to city and county governments, and $300,000 to the miscellaneous gaming fund. For more comprehensive details on gambling legislation, consider visiting the American Gaming Association.
