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Casinos Contribute Almost 1 Billion to State Economy

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March 09, 2012

Since 2011, almost $1 billion has been brought into the Iowa economy from casinos.

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 economy.

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.

Return to Iowa Casinos.

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