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That’s less than a 1 percent increase — $10.9 million — in gross adjusted revenue over the previous fiscal year and still below the record of nearly $1.47 billion in fiscal 2012. In Northwood, Diamond Jo brought in $84.8 million, down from $86.5 million in fiscal 2016 and $85.1 million in fiscal 2017.  “We’re stable, we’re strong and we’re mature,” said Wes Ehrecke of the Iowa Gaming Association, an umbrella group for the state-licensed casinos. Brian Ohorilko, administrator for the Iowa Racing and Gaming Commission, said he was “encouraged” by the gaming industry’s fiscal 2018 performance but noted the casino operators are concerned about downturn in patrons passing through their turnstiles. The number of patrons decreased 1.1 million compared to the previous year’s 21.8 million visitors.  Admission at Diamond Jo was also down about 155,000 visitors.  All but one casino posted a higher per capita “win,” going from $67 per patron the past two fiscal years to $71 per patron in fiscal 2018. The casino “win” figure is how much money each patron loses on average, explaining why gaming revenue is up even though attendance is down. At Diamond Jo, the "win" went up from $68 to $78 the past two fiscal years.  “I think fiscal 2018 was an encouraging year for a number of the operators and, even though revenues were essentially flat with a slight increase, I think what was encouraging is we saw more facilities demonstrate growth and that had not been the case in the past few years,” Ohorilko said. “There are just as many facilities that demonstrated growth in revenue as facilities that had not, and that had not been the case in the past few years. I think that definitely is a good sign in terms of stability and the market in Iowa being strong, predictable and consistent.” In all, nine casinos posted higher revenue numbers last fiscal year while 10 reported declines. Unlike previous years, there was no construction or major capital improvements that might have skewed the comparisons, Ohorilko said, meaning the fiscal 2018 report “really is a true year-over-year picture and I think demonstrates the continued stability in the Iowa gaming market.” Ehrecke said inclement and unseasonably cold weather in March and April had a negative impact on some admissions as Iowans stayed home rather the brave the elements. “When people don’t go out on those weekends,” he said, “that can have an impact on your overall attendance, and it’s difficult to get that back.” Perhaps the best prospect Iowa casinos have for attracting new patrons and expanding their demographic base is the recent court decision allowing states to adopt legal sports wagering — an option Ehrecke says his association’s members will push the Iowa Legislature to enact during the 2019 session. “We intend as an industry to request a bill to legalize sports betting to be introduced and hopefully to get passed,” Ehrecke said.

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