Casinos Contribute Almost 1 Billion to State Economy
March 09, 2012
Since 2011, almost $1 billion has been brought into the Iowa economy from
A report was recently released by the Iowa Racing and Gaming Commission. The
report showed money spent from various aspects of the state’s 18 casino
operations. Part of this was money earned from food and employee payrolls. In
total, the casinos contributed $999 million to the state’s economy. That was an
increase from the previous year. In 2010 it was $945 million.
The largest contributor is Larchwood’s casino. Located in the northwest part of
the state, the casino has proven to be competition for neighboring states. The
casino opened in June of last year and has already added $35 million to the
The report that was released only contained information regarding the state
regulated casinos. Casinos owned by Native Americans are not required to report
their financial information publicly.
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