Poker revenue grows in Iowa

iowa

Credits: imaginalcobendas.org

The state gaming regulator released the March figures that showed that poker revenue increased 3.4 percent in Iowa.

US.- Poker revenue in Iowa grew 3.4 percent last month, as it was reported by state gaming regulators. The state’s 78 tables collected US$882.000 last month, almost US$50.000 more than the numbers registered a year before.

Whilst the performance has increased in the last couple of months, 2016 experienced a decrease over the previous year: the fiscal year totaled US$9.7 million in revenue, a 3 percent less than 2015, where US$10 million were registered. Last month, the 13 poker rooms collected US$751.000, and January went through even better results with US$783.000. Horseshoe Casino Council Bluffs’ 18 tables were the top scorer with US$381.000, followed by the 10 tables from the Prairie Meadows Racetrack & Casino with US$198.000 in poker revenue.

The state’s gambling industry is currently under a lot of changes, as lawmakers are trying to legalise DFS (daily fantasy sports) activity, as well as three proposals for a new casino in Cedar Rapids, and a bill that would would allow a problem gambler to enter a gaming floor five years after the initial ban was issued.