{"id":865455,"date":"2024-09-11T13:17:03","date_gmt":"2024-09-11T20:17:03","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/shop\/?p=865455"},"modified":"2024-09-11T13:17:18","modified_gmt":"2024-09-11T20:17:18","slug":"state-of-the-union","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/blog\/state-of-the-union\/","title":{"rendered":"State of the Union"},"content":{"rendered":"\n

Casinos in the Midwest <\/strong>are showing some resilience. In Illinois<\/strong>, they were up 1.5% in August, That’s impressive but the real headline is that they did 8% less on a same-store basis, showing that all the new gambling capacity has not yet been absorbed. Pictured above is the new design for Bally’s Chicago<\/strong>. It’s that thing in the lower middle that looks like a computer printer. Its progenitor, Bally’s Casino<\/strong> in downtown Chicago<\/strong>, did $10.5 million last month, not overwhelming but good enough for fourth place in the state. Or is that good?<\/p>\n\n\n\n\n\n\n\n

Tops in the state by far, with $43.5 million (-3%) was Rivers Des Plaines<\/strong>, just as you’d expect. Its closest rivals\u2014not very close\u2014were Grand Victoria<\/strong> ($12 million, flat) and Harrah’s Joliet<\/strong> ($11 million, +4%). Dramatic Chicagoland<\/strong> gainers were The Temporary at American Place<\/strong> ($9 million, +19%) and Hollywood Aurora<\/strong> ($9 million, +17%). Hollywood Joliet<\/strong> was up 8.5% to $7.5 million and (in its last month as a temporary casino), Hard Rock Rockford<\/strong> eked out an extra 1.5% to finish with $5.5 million. Elsewhere, DraftKings Casino Queen<\/strong> made an impressive 11.5% charge to $7 million and Walker’s Bluff Casino<\/strong> exploded 267% to $3 million. Argosy Belle <\/strong>made $3 million (-2%), Par-A-Dice <\/strong>was flat at $5 million and Bally’s Quad Cities<\/strong> hopped 4% to $5.5 million. Harrah’s Metropolis<\/strong> suffered an 11.5% reversal to $4.5 million and that was the worst of it.<\/p>\n\n\n

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Over in Motown,<\/strong> casinos also lagged pre-pandemic numbers by 8%. But they were 6% better than the year before. MGM Grand Detroit<\/strong> jumped 9% to $54 million, while Hollywood Greektown<\/strong> had another good month, up 7.5% to $26 million. Motor City<\/strong>, however, was flat at $31 million. <\/p>\n\n\n\n

The most resilient<\/strong> jurisdiction of the bunch was Missouri,<\/strong> 8% stronger than in 2019 and up 4.5% from last year at this time. Hollywood St. Louis<\/strong> lit its afterburners with a 15% surge to $23 million but still couldn’t catch Ameristar St.<\/strong> Charles<\/strong>, up 9% to a state-best $25.5 million. It was followed by River City<\/strong>‘s $21.5 million (+5%) but Horseshoe St. Louis<\/strong> missed the party, falling 11% to a mingy $11.5 million. Over in Kansas City<\/strong>, Argosy Riverside<\/strong> was flat at $14 million, while Harrah’s North Kansas City<\/strong> subsided 2% to $14 million. Gainers were Bally’s Kansas City<\/strong> (up 9% to $12 million) and Ameristar Kansas City<\/strong>, leading with $17.5 million (+8.5%). Isle of Capri Boonville <\/strong>faded 3.5% to $7 million as Century Casino Cape Girardeau<\/strong> was up 2% to $6 million, and Century Casino Caruthersville<\/strong> gained 4.5% to $4 million.<\/p>\n\n\n

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In the Free State,<\/strong> otherwise known as Maryland<\/strong>, casinos vaulted 13% from 2019 and 8% from last year. Mammoth MGM National Harbor<\/strong> prevailed with $75 million (+9.5%) but Maryland Live<\/strong> jumped pretty impressively, up 12.5% to $62 million. Two casinos continued to struggle and you can guess which they were. Century Casinos<\/strong>‘ hexed Rocky Gap<\/strong> Resort<\/strong> dipped 6.5% to $5 million and Horseshoe Baltimore<\/strong> plummeted 21% to $14.5 million, which is close to embarrassing for that property. Ocean Downs<\/strong> ceded 2% but made $10 million whilst Hollywood Perryville<\/strong> leapt 8.5% to $7.5 million.<\/p>\n\n\n\n

In online sports betting, Maryland operators saw handle jump 49% and revenue 58%. Handle was $368 million and win a tidy $38 million. FanDuel<\/strong> lost a bit of market share but still came out on top with $18 million. DraftKings<\/strong> made inroads but finished at $12.5 million. Way back were BetMGM<\/strong> ($3.5 million) and Caesars Sportsbook<\/strong> at $1 million. ESPN Bet<\/strong> didn’t even make that much. Fanatics<\/strong> made it to the cutoff point ($1 million). BetRivers<\/strong> didn’t even come close.<\/p>\n","protected":false},"excerpt":{"rendered":"

Casinos in the Midwest are showing some resilience. In Illinois, they were up 1.5% in August, That’s impressive but the real headline is that they did 8% less on a same-store basis, showing that all the new gambling capacity has not yet been absorbed. Pictured above is the new design for Bally’s Chicago. It’s that […]<\/p>\n","protected":false},"author":83928,"featured_media":865456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1728],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-content\/uploads\/2024\/09\/Ballys-in-Chicago.avif","_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/posts\/865455"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/users\/83928"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/comments?post=865455"}],"version-history":[{"count":2,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/posts\/865455\/revisions"}],"predecessor-version":[{"id":865467,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/posts\/865455\/revisions\/865467"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/media\/865456"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/media?parent=865455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/categories?post=865455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/shop\/wp-json\/wp\/v2\/tags?post=865455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}