Illinois Casino Revenue Up $4 Million From April, But Down For 2019
The casino report from the Illinois Gaming Board & rsquo for May indicates an improvement over April. However, figures are still lacking when compared to May 2018 and 2018 as a whole.
Information on Illinois game profits for May 2019
The Illinois Gaming Board report shows adjusted gross receipts of $118,203,492 for May 2019. The total admissions to the state’s facilities surpassed 900,000.
The condition made more than$ 31 million off of those documents. Local governments received close to$ 7 million. One technician was responsible for a sizable section after being broken down by service.
A third of the total revenue came from Rivers CasinoDes Plaines & nbsp. In May, nearly 29 % of all enrollment came from the same game.
With the pending commencement of sports betting, those figures are good news. When compared to April 2019’s numbers, they look even better.
Casino revenue has increased since April.
In April, the board reported adjusted gross revenue totaling$ 114, 764, and 461 A 12 % increase at East St. Louis & rsquo, Casino Queen, played a significant role in the overall improvement from month to month.
The Hollywood Casino in Joliet saw the biggest month-over-month increase in traffic, rising by more than 20 %. The state & rsquo’s facilities saw an overall increase in admissions of 6.3 % over April.
Adjusted net receipts increased at 10 of the state & rsquo’s 12 games between April and May. Simply Argosy in Alton and the Grand Victoria in Elgin experienced worse times.
The Argosy documents decline was a startling 64.8 %. Argosy experienced the worst drop in enrollment, at almost 73 %.
Although May appeared to be better than April, another comparisons don’t come close to being as encouraging for the bottom lines.
Casino figures in Illinois have decreased since last year.
Illinois casinos reported adjusted net revenue totaling$ 120, 274, and 163 in May of last year. A 1.72 % decline can be seen in May 2019.
Argosy experienced the worst year-over-year drop, as was to be expected. Its overall receipts were almost 69 % higher in May of 2018.
Illinois casinos saw a 3.3 % decline in overall admissions totals year over year. Argosy & rsquo’s admissions total dropped by almost 77 % to once more lead the pack.
Comparing this year’s first five months to the first six months of 2018, the not-so-great media keeps repeating itself.
Casino enrollment and revenue for the year so far
The entire adjusted net revenue from 2019 through May were$ 551, 427, 709. 2018 saw a total of$ 573, 549, and 357.
The same person is primarily to blame for the 3.86 % receipt deficit. When compared to 2018, Argosy’s year-to-date records are down by almost 18 %.
Even worse is the enrollment contrast to this point last month. Illinois game admissions are down 6.4 % overall from 2018. Three games, led by Argosy at 21.8 %, are experiencing double-digit percent declines.
Illinois ports betting & rsquo, its drawbacks, and its potential
While it & rsquo is uncommon for casino executives to become alarmed over a year-over-year decline in receipts of less than 2 %, there is reason to be concerned about these figures.
Before gambling in Illinois, neighboring Indiana is likely to see legal sports betting implemented. That might more transport people across the borders. Betting on school sports will also be permitted at games in Indiana, which is against the law in Illinois.
Illinois may respond by opening new games there. That may result in higher total numbers, but it also creates new competition for current features.
Legalized betting on events like Chicago Sky games could help Illinois casinos continue the trend of numbers improving. Until that’s implemented, casinos will have to rely on other means to match and surpass their performance from 2018.