Iowa Racing and Gaming administrator, Brian Ohorilko, says Iowa’s state-licensed casinos saw a bit of a turnaround in revenue in the fiscal year that ended on June 30th.
The state took in roughly one-point-four-two BILLION dollars. Revenues had dropped around four percent in each of the last two fiscal years. Ohorilko says the news is positive, but he isn’t ready to say the industry is reversing the recent trend.
He is cautious about the trend upward because Sioux City’s increase came with the opening of the Hard Rock casino downtown.
He says things like hotels and restaurants that surround a land-based casino help bring in new customers. Ohorilko says the weather also plays a factor in revenue, and things seemed to work out well.
