Open for an entire month, though still at reduced capacity, Illinois‘ 10 casinos reported combined revenue of slightly more than $78 million for the month of February, according to the Illinois Gaming Board.
With all 10 casinos operating at 50% capacity, the venues accommodated 450,000 admissions last month — well above January’s total of almost 160,000. With the increase in traffic came a notable increase in revenue: The $78 million was nearly three-fold January’s total of $26.2 million as the casinos re-opened in mid-January as part of the progress made in COVID-19 mitigation.
Despite the month-over-month increase, February’s total represents a 23.7% dip in year-over-year revenue. In the final full month of operation prior to the pandemic in 2020, Illinois’ casinos generated more than $102.3 million in revenue, which resulted in nearly $15.8 million in taxes for the state. Last month’s revenue total generated just shy of $8.7 million for Illinois coffers.
The state’s 38,000-plus video game terminals (VGTs) spanning nearly 7,400 establishments generated $171.5 million in revenue, more than double January’s total of nearly $80.8 million. The state collected more than $49.7 million in tax revenue in February and over $77.2 million for the first two months of the year.
Due to different accounting rules, sports wagering reports are generated on a different timetable, and the IGB has yet to release those numbers for February
Rivers continues to be top revenue performer
The state’s 10 casinos generated $173.48 of adjusted gross revenue per admission last month, an increase of 5.7% compared to January’s $164.06 and 42.9% from February 2020’s average of $121.39. While the $218.65 of AGR per square foot was almost three times January’s average of $73.49, it was also 23.7% less year-over-year as the venues averaged $286.71 per square foot in February 2020.
Rivers Casino continues to be the top performer in terms of revenue, accounting for more than $29 million in February. The Des Plaines location, which recently announced plans for an $87 million expansion, accounted for more than 54% of the table games revenue, posting more than $11.5 million. In terms of EGD revenue, which includes slots, Rivers generated nearly 31% of that category total with more than $17.5 million.
Rivers also greatly inflated the AGR per square foot at $664.67, more than double the next-closest total generated by Grand Victoria Casino in Elgin ($318.43). Harrah’s Casino in Joliet, however, took top honors for highest AGR per admission at $218.97, edging out Rivers ($213.99). Rivers, Grand Victoria, and Harrah’s Joliet were the only locations to report figures in each category higher than the state average.
Subscribe to get the latest Indiana sports betting news to your inbox.