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State Casino revenue trending flat for the fiscal year

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July 1st, 2024 by Ric Hanson

(Radio Iowa) – The state fiscal year ends on June 30th and it looks like revenue from casino gambling is going to be down slightly. Racing and Gaming Administrator, Tina Eick says that’s been the trend through May. She says they are down less than two percent through May. The June numbers are expected to show the same thing once they completed.

“Keep in mind we are coming off a couple of really good post COVID years for AGR (adjusted gross revenue), so we have been trending upwards, but I would say this year we’re trending flat,” she says.

Gambling revenue in the last fiscal year was one-point-seven BILLION dollars.