Iowa Casino Would Bring Major Revenue Flow From South Dakota

The state of Iowa is considering casino gambling expansion much like many other states in the US. A recent study gave an indication of just how much money could be generated from the expansion.

As is the case in most states, Iowa would generate much of their casino revenue from neighboring states. South Dakota residents, according to a study done by KlasRobinson QED, will spend around $55 million annually at a Lyon County, Iowa casino.

The full results of the study will be released later today. The Flandreau Santee Sioux Tribe is the group that has commissioned the study, as they consider whether or not it would be feasible for a casino to survive in the area.

"Clearly, it's an economic development tool for the state of Iowa, and they're trying to maximize that," said Slater Barr, President of the Sioux Falls Development Foundation, as reported on ArgusLeader.com, "I can't blame them for that. We can't be blamed for looking out for out interests, too."

South Dakota is worried about the millions of dollars that will be leaving the state and heading to Iowa. In this tough economic climate, it already is hard enough to keep local businesses from folding, but when another state moves in on funds that should stay in South Dakota, it becomes even more difficult.

While South Dakota is concerned, the proponents of the casino in Lyon County believe that if customers are coming to the casino, it will be good news for all of the surrounding areas. That point has not yet been sold to anti-gambling groups.

July 20, 2009
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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