Casino gambling down, sports betting up in October

Revenue to the State of Iowa from legalized gambling is taking divergent paths in the new fiscal year. While casino gaming receipts are falling, sports wagering continues to grow.

In October, the state collected $26,741,690 in casino gaming taxes. This is a reduction of $2.3 million from what the state collected in October 2022, when casino gaming tax revenue came in at $29,025.047. For the first four months of Fiscal Year 2024, the state has received $105.2 million in casino gaming taxes. This is a decline of $5.9 million over the same time period in Fiscal Year 2023.

A decline in gaming tax...