Lawmakers in Kansas recently began allowing their casinos to reopen to the public. Unfortunately, the gaming venues here are earning considerably less than they did prior to the shutdowns. New reports from the Kansas Racing and Gaming Commission show that casino revenue in Kansas fell considerably in July.
Some of the casinos here saw a revenue loss larger than others. With September approaching, now is a great time to look at how much some of these gaming venues managed to bring in.
Let’s get into it!
The US Casino Industry is Slowly Returning to Life
It’s been months since state leaders across the country began ordering casinos to shut down. The impact of these shutdowns was immediate in many areas. Places like Las Vegas and Atlantic City quickly began looking at ways to safely get their casinos operational again.
It has been a difficult road for casino companies in the US. Even now, most are seeing massive dips in their revenue earnings. Regulations continue to change from state to state and some commercial casinos may be forced to close down again in the near future.
Online gambling operations have been skyrocketing for the past few months. Fewer people are willing to visit a land-based gambling venue and now prefer to make their casino bets over the internet. This has brought many casino companies some much-needed revenue.
Each state sets its own timetable to reopen casinos. Kansas started allowing its major commercial gaming properties to open in early June. It was great news for gambling fans and employees within these venues.
Things haven’t completely recovered in this state, though. Kansas is home to some world-class casinos, yet these properties are still struggling to earn revenue. Reports have recently surfaced that show how much money the different casinos here brought in last month.
Here’s where things stand.
Here’s How Much Casino Revenue in Kansas Fell in July
As we’ve already mentioned, the past few months have been extremely difficult for US casino companies. Some parts of the country have seen their revenue earnings slowly increase. Over in Kansas, some casinos are faring better than others.
The Kansas Racing and Gaming Commission has just released a report showing how much the state’s different gaming venues managed to bring in. Many are focusing on the Hollywood Casino & Resort, which earned just over $8,511,480. That represents a 32% drop from the same month in 2019.
Over in Mulvane, the Kansas Star Casino & Resort brought in $13,811,839 during the month of July. In July of 2019, this venue managed to bring in $15,603,150.
It’s clear that casino revenue in Kansas is lower than it should be. Fortunately, things seem to be improving month-to-month. Most of the casinos here saw their revenue jump when compared to June.
We’ll soon see how much casinos here were able to bring in during August. Most analysts feel that things will improve. Make sure to stay tuned for updates!
Will Kansas Begin Regulating Other Forms of Gambling?
Prior to 2020, the land-based casino industry in Kansas was surging. Many felt this state could become the next major gambling destination of the Midwest. Now, several lawmakers here are taking a closer look at other forms of gambling regulation.
We’re seeing states with regulated sports betting options earn a tremendous amount of money right now. It’s no surprise that so many states are now looking at this industry, as well. Many feel that several more sports betting bills will be approved before the end of 2020.
Kansas has not yet approved any measures to legalize sports gambling. Several bills have been presented over the years, yet none have made it through the House and Senate. This may still change before the year is over.
Online casinos in Kansas are already growing more popular. This trend is likely to continue as time goes on and many feel it’s time for the state to regulate this industry. We’ll continue offering updates on this situation over the next few months.
It could be months before we see casino revenue in Kansas increase to 2019’s level once again. In the meantime, casino companies will be looking at new and exciting ways to draw in players.
Are you surprised at the revenue reports here? Let us know in the comments section below!