Iowa casinos total $1.45B for fiscal year
July 13, 2017 10:21 AM
by Robert Mann
The Iowa Racing and Gaming Commission reports a slight increase in gross revenues generated by the 19 state-licensed casinos at the end of the fiscal year concluding June 30th.
The casinos totaled about $1.45 billion for the year. That’s $15.7 million more than in 2016, according to the state Racing and Gaming Commission. Twelve casinos saw a drop in revenues compared to last year. However, the Isle of Capri in Bettendorf and Rhythm City in Davenport registered increases after moving to new land-based facilities.
Brian Ohorilko, the Racing and Gaming administrator, notes that the transition to a land-based casino from a riverboat casino has consistently resulted in increased business because land facilities are able to offer more amenities for customers.