Casino revenue tops $1.46 billion in Iowa – The Gazette: Eastern Iowa Breaking News and Headlines

DES MOINES — State-licensed casinos in Iowa saw a slight upward bump in their revenue numbers even though attendance lagged during the 2018 fiscal year due to weather and economic factors that impacted the gaming entertainment venues, officials said Wednesday.

In total, 19 casinos licensed by the commission took in nearly $1.464 billion for the 12 months that ended June 30. That’s less than a one percent increase of more than $10.9 million in gross adjusted revenue over the previous year, but still below the record of nearly $1.47 billion in fiscal 2012.

“We’re stable, we’re strong and we’re mature,” said Wes Ehrecke of the Iowa Gaming Association, an umbrella group for the state-licensed casinos.

Max Freund / The Gazette

Overall, Brian Ohorilko, administrator for the Iowa Racing and Gaming Commission, said he was “encouraged” by the gaming industry’s fiscal 2018 performance but noted the casino operators are concerned about a 1.1 million decline in patrons passing through their turnstiles compared to the prior year’s attendance of 21.8 million visitors. All but one casino posted a higher per capita “win” with a statewide average increasing from $67 each of the past two fiscal years to $71 in fiscal 2018, according to the commission’s yearly report.

“I think fiscal 2018 was an encouraging year for a number of the operators and, even though revenues were essentially flat with a slight increase, I think what was encouraging is we saw more facilities demonstrate growth and that had not been the case in the past few years,” said Ohorilko. “There are just as many facilities that demonstrated growth in revenue as facilities that had not and so that had not been the case in the past few years. I think that definitely is a good sign in terms

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