International edition
September 27, 2020

The other winners were Pennsylvania and Colorado

Missouri is among three states where 2009 casino revenue rose

(US).- Missouri was one of three states where commercial gambling revenue rose last year, of the 13 states where the practice is legal, according to a new report. Missouri saw a 2.85 % increase in adjusted gross receipts in 2009, according to a report from RubinBrown, an accounting and consulting firm with Overland Park and St. Louis offices.

T

he other winners last year were Pennsylvania, up 21.6 %, and Colorado, up 2.65 %. However, the four Kansas City-area casinos have seen mixed results this year. The report included Kansas, but its first casino opened in mid-December. The first Kansas City-area casino on the Kansas side of the state line is expected to open its us$ 386 million initial phase in early 2012.

New Jersey saw the most significant decline in adjusted gross receipts last year, down 13.25 %. RubinBrown’s “Commercial Gaming Stats 2010” uses data about casinos in 13 states where gambling is legal, from regulators and from the American Gaming Association.

The company said it created the report to provide comparisons of key gambling stats - excluding racinos - for the Midwestern states of Illinois, Indiana, Iowa and Missouri. Those four states comprise 22 %, or about us$ 6.5 billion, of US adjusted gross receipts last year, according to the report. Total gambling revenue in all 13 states fell nearly 6.5 % last year, to about us$ 29.5 billion.

“Although we were in a recession, gaming in the Midwest has not been deeply affected for the most part because consumers are spending less on travel,” Chelle Adams, partner in charge of RubinBrown’s Gaming Services Group, said in a statement. “People are staying closer to home and spending less on bigger travel destinations, allowing for the Midwest to continue creating capital projects.”

RubinBrown said there are 445 commercial land-based and riverboat casinos in 13 states. Eleven developers and companies are vying for Missouri’s 13th and final gaming license, which became available when the President Casino in St. Louis closed.

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