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Iowa Gaming Summary
Background

Casino Gaming

In 1989, Iowa became the first state in the United States to legalize riverboat gaming. Drawing equally on the mythic past and the economic realities of the late 1980s, riverboat gaming was a compromise between those who wanted to use gambling to boost tourism to slumping areas of the state and those who were loath to permit full-fledged casinos.

Iowa's initial gaming laws provided for wager and loss limits and limited gambling operation to cruising periods. With the success of casinos under less stringent restrictions in neighboring Illinois, Iowa eventually loosened its own requirements.

In 1994, Iowa began allowing its race tracks to install slot machines. Table gaming in racinos was introduced in 2005.

Taxation: Maximum 22% on gross gaming revenue at riverboats and land-based casinos and 24% at racetracks with slots and table games with over 100 million in revenues.

More information on Iowa's gambling history can be found here.

More revenue data can be found at the Iowa Gaming and Racing Commission website.

Lottery

Development: Legislation creating Iowa's lottery was signed into law in April 1985 and the lottery began sales on Aug. 22, 1985.

The Lottery sells tickets in three general categories: instant-scratch, pull-tab and lotto games. Lottery products are sold at more than 2,500 retail locations in Iowa.

The Iowa Lottery Board is made up of five Iowa citizens appointed by the governor. The board oversees the lottery and its operations. Each department at the lottery formally reports to the board at meetings held throughout the year. According to Iowa Code, the Lottery Board must have a member with an accounting background, a member with experience in marketing, a member with law enforcement experience and another member who has or is currently practicing law. The State Treasurer serves as an ex-officio member of the board.

Beneficiaries: When legislation authorizing the Iowa Lottery was signed into law in 1985, lottery profits were earmarked for the Iowa Plan, a long-term economic development program. In 1991, lottery profits were designated for environmental and cultural programs. But after one year, lottery proceeds were directed to the state general fund.

Today, lottery proceeds are used for three main purposes in Iowa. They provide support for veterans; help for a variety of significant projects and backing for the Vision Iowa program. A portion of revenues are also directed to the Iowa Department of Public Health's Gambling Treatment Fund.

For more information see the Iowa Lottery website.

Casino data (fiscal year)

This section has annual comparative data for several metrics of Iowa casino performance between 2003 and the present. The top set of tables summarizes data for all Iowa casinos. The ones below it contain information for riverboat casinos, and the last trio of tables details racetrack casinos (racinos).

ALL INFORMATION IS FOR THE FISCAL YEAR ENDING IN JUNE OF THE YEAR IN QUESTION.

The data include:

Admissions

Win per capita (WPC)

Number of slot machines

Number of table games

Slot revenue: amount retained by the facility that is not paid out to players upon cashing out or in winnings

Slot win percentage (hold percentage)

Average daily win per machine per day (WMD)

Table drop

Table revenue (win)

Table win percentage (hold percentage)

Average daily win per table per day (WPT)

Adjusted Gross Casino Revenue (AGR)

All Casinos

Year

Admissions

WPC

Slots

Slot Rev

Hold%

Tables

Table ($)

Hold %

AGR ($)

2003
19,233,711
51
12,213
899,066,135
6.61%
243
80,923,979
20.33%
979,990,103
2004
19,509,166
54
12,422
966,506,047
6.89%
235
85,009,675
20.47%
1,051,515,709
2005
19,793,161
55
12,722
1,000,588,897
7.28%
287
95,848,113
20.96%
1,096,437,007
2006
20,315,854
57
14,310
1,042,294,193
7.64%
348
106,765,326
21.54%
1,149,059,505
2007
22,519,786
59
16,882
1,190,995,870
8.12%
471
128,968,263
21.67%
1,319,964,125
2008
23,735,176
60
17,629
1,284,265,643
8.49%
499
131,112,208
21.08%
1,415,377,851
2009
22,955,618
62
17,480
1,286,933,157
8.83%
491
125,88,4087
21.40%
1,412,817,244
2010
22,107,596
57
17,552
1,247,487,728
8.99%
490
116,742,764
21.49%
1,364,230,492
2011
21,709,291
64
17,431
1,259,850,224
9.08%
480
119,321,009
21.66%
1,379,171,233
2012
22,828,398
64
18,059
1,335,573,371
9.18%
492
130,390,605
21.84%
1,465,963,976
2013
21,860,285
66
18,079
1,309,404,649
9.17%
469
134,803,865
22.59%
1,444,208,514

Powered by GamblingCompliance.com. For current information, visit GamblingData.com.

 

 

Riverboat casinos

Year

Admissions

WPC

Slots

Slot Rev

Hold %

WMD

Tables

Table ($)

Hold %

WPT

AGR ($)

2003
12,653,593
53
8,708
584,168,363
6.78%
184
243
80,923,971
20.33%
912
665,092,334
2004
12,896,295
55
8,845
630,500,668
7.01%
195
228
85,009,668
20.47%
1,022
715,510,336
2005
13,398,755
56
8,988
659,744,958
7.39%
201
241
86,253,104
21.21%
981
745,998,062
2006
13,427,449
57
10,164
678,055,799
7.89%
183
279
81,147,190
22.01%
797
759,202,990
2007
15,085,924
57
12,527
779,141,564
8.33%
170
330
80,934,964
21.50%
672
860,076,528
2008
16,991,583
56
12,949
868,246,460
8.61%
183
360
84,157,765
20.71%
639
952,404,225
2009
16,455,523
58
12,830
879,558,609
8.85%
188
353
80,643,755
21.39%
626
960,202,364
2010
15,773,647
59
12,861
856,242,750
8.96%
182
343
73,250,738
21.41%
585
929,493,488
2011
15,713,515
60
12,745
868,010,529
9.06%
187
332
71,920,500
21.34%
594
939,931,029
2012
16,690,125
60
13,365
927,980,212
9.15%
190
343
80,085,122
21.50%
638
1,008,065,334
2013
15,721,892
61
13,354
910,169,564
9.18%
215
327
81,111,262
21.69%
801
991,280,826

Powered by GamblingCompliance.com. For current information, visit GamblingData.com.

 

Racetrack casinos

Year
Admissions
WPC
Slots
Slot Rev
Win %
WMD
Tables
Table ()
Hold %
WPT
AGR ()
2003
6,572,527
48
3,505
314,897,769
6.30%
246
--
--
--
--
314,897,769
2004
6,612,871
51
3,513
336,005,373
6.68%
261
--
--
--
--
336,005,373
2005
6,394,406
55
3,736
340,843,941
7.07%
250
42
9,595,004
18.99%
626
350,438,945
2006
6,888,405
57
4,140
364,238,391
7.22%
241
117
25,618,124
20.19%
600
389,856,515
2007
7,433,862
62
4,550
411,854,306
7.74%
248
140
48,033,291
21.98%
940
459,887,597
2008
6,743,593
69
4,680
416,019,183
8.26%
243
139
46,954,443
21.79%
925
462,973,626
2009
6,500,095
70
4,650
407,374,548
8.80%
240
138
45,240,332
21.44%
898
452,614,880
2010
6,333,949
69
4,691
391,244,978
9.05%
229
147
43,492,026
21.64%
811
434,737,004
2011
5,995,776
73
4,686
391,839,695
9.12%
229
148
47,400,509
22.18%
877
439,240,204
2012
6,138,273
75
4,676
470,593,159
9.25%
275
147
50,305,483
22.40%
934
457,898,642
2013
6,138,393
74
4,725
399,235,085
9.14%
231
142
53,692,603
24.10%
1,036
452,927,688

Powered by GamblingCompliance.com. For current information, visit GamblingData.com.

Annual Data

Iowa 2003 statistics - Iowa 2004 statistics - Iowa 2005 statistics - Iowa 2006 statistics - Iowa 2007 statistics

Lottery data (fiscal year)
Year
Total Revenues
Prize Liabilities
Prize %
Net Revenue
Net %
2000
178,229,996
98,392,253
55.20%
43,707,898
24.5%
2001
176,694,136
96,712,105
54.73%
43,141,423
24.4%
2002
184,121,382
99,996,233
54.3%
46,266,324
25.1%
2003
189,021,664
104,199,159
55.1%
46,779,943
24.7%
2004
209,905,452
114,456,963
54.5%
54,841,494
25.9%
2005
211,006,243
113,455,673
53.7%
51,635,965
24.4%
2006
340,906,293
122,258,603
35.8%
81,609,734
23.9%
2007
235,154,990
133,356,860
56.7%
58,092,413
24.7%
2008
249,270,580
144,669,575
58.0%
57,269,065
22.9%
2009
243,406,230
138,425,341
56.87%
58,927,064
24.20%
2010
256,281,759
150,453,787
58.70%
57,376,107
22.38%
2011
271,534,755
158,961,078
58.54%
67,880,793
24.99%
2012
311,068,684
182,442,447
58.65%
79,676,549
25.61%
2013
339,268,251
200,801,768
59.19%
85,902,328
25.32%

Powered by GamblingCompliance.com. For current information, visit GamblingData.com.

Total revenue is total ticket sales sales plus interest earned on the lottery fund balance and miscellaneous revenue sources . Prize liability is the total amount of prize money paid back to winners. Net Revenue is the total revenue minus vendor and retailer commissions and prize payouts and operating expenses; it is equal to "operating income." Prize and net revenue percentages are taken from the total revenues.

Iowa Gaming Timeline

1983: Iowa legalizes pari-mutuel (horserace) betting

1985: On April 18, Governor Terry Branstad signs bill creating the Iowa Lottery

1989: Voters legalize riverboat gaming

1991: Riverboat gaming begins

2003: Iowa Lottery introduces TouchPlay machines

2004: Gambling on TouchPlay machinesbegins statewide

2006: TouchPlay machines are banned, effective May 4

 


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Last modified Wednesday, 28-May-2014 14:21:39 PDT