Revenue Soars for Iowa Casinos

Iowa's gambling industry that is seeing double-digit revenue growth. The increased competition means some casinos are taking a hit. Casino revenues were up almost 17 percent during the past eight months. They are giving the riverboats a run for the money.The average gambler lost $58 between July 2006 and February 2007. This looks to put Iowa ahead of last year's record $1.5 billion that gamblers left behind at casinos. The newest casinos are in Emmetsburg, Riverside and Worth County. Revenues are down for 5 out of the 6 riverboats along the Mississippi River and both floating casinos in Council Bluffs on the Missouri River.