Missouri Casinos Look For Revenue Bump With Limits Gone

In the state of Missouri, they are one of the few who have not had their casino revenue figures severely hurt by the current state of the economy. The numbers released on Monday suggested that the state casinos could be in for bright days ahead.

While the numbers did show a revenue decrease, it was minimal. State casinos had $79.7 million a year ago, compared to $78.7 this year. That is a decrease of one percent, much lower than those of other states around the country.

In addition to the revenue figures, casinos are jubilant over voters decision on election night to eliminate loss limits. The state had been the only one in the nation with loss limits at their casinos.

With loss limits gone, the casinos can now attract the type of high rollers that should turn the one percent decrease into an increase in revenue. The one downfall for casinos is they will have to pay slightly higher taxes. Their tax number went up to twenty one percent.

"Missouri has a tremendous opportunity to become a leader in the casino gambling industry. Without loss limits, I would expect they would increase their figures dramatically when the economy begins to come back," said Ryan Leeber, a casino gaming analyst from St. Louis.

November 11, 2008
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com
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