IA Gaming Revenue May Drop This Year
The state fiscal year ended June 30th and Racing and Gaming administrator, Brian Ohorilko, expects once the final numbers are in, gambling revenues at the state-licensed casinos will drop slightly from last year.
Some of the eastern Iowa casinos told Ohorilko they saw impact from new video lottery terminals across the river. Flooding in parts of caused some problems for casinos as well.
Gambling revenues hit just over one-point-four-BILLION dollars in the 2012 fiscal year, which was the second best year ever behind 2008. When it comes to operations in the new fiscal year, Ohorilko told the Racing and Gaming Commission during their meeting in Altoona that there was very little action in the legislative session this year that impacts the 18-state licensed casinos.
There was one change that will significantly reduce the number of D-C-I agents assigned the casinos over the next three years. Ohorilko doesn’t know how that change will immediately impact casinos. He says each casino will handle the change based on their needs. While he says law enforcement may be located farther away at other properties. Overall Ohorilko says he expects the facilities to be able to handle the change.