Iowa’s casino industry continues to thrive as revenue reached $148 million in May, marking a 2.4% increase from the previous month. This steady growth comes as a welcome sign for the state’s gaming operators, who have been working hard to attract more visitors and boost their bottom line.
The Iowa Racing and Gaming Commission reported that all 19 of the state’s casinos saw an increase in revenue in May, with some experiencing particularly strong growth. The Horseshoe Casino in Council Bluffs saw the biggest jump in revenue, with a 5.9% increase from the previous month. Other casinos, such as the Wild Rose Casino in Jefferson and the Diamond Jo Casino in Dubuque, also reported significant gains.
The increase in revenue can be attributed to a number of factors, including the easing of COVID-19 restrictions and the return of in-person gaming events. With more people feeling comfortable venturing out to casinos, operators have been able to attract a larger customer base and generate more revenue.
Additionally, the state’s sports betting market has continued to flourish, with Iowa’s sportsbooks bringing in over $100 million in bets in May. This is a significant increase from the previous month and a positive sign for the future of sports betting in Iowa.
Overall, the strong performance of Iowa’s casino industry in May bodes well for the state’s economy and the gaming operators who have been working tirelessly to attract visitors and boost revenue. With the continued success of the industry, Iowa’s casinos are well-positioned for continued growth in the coming months.