Missouri is one of the states in the United States that has legalized casino gambling. The state has a total of 13 casinos, which are spread across different cities. These casinos have been generating significant revenue for the state, with the latest figures showing that they generated $35 million in state tax revenue.

The revenue generated by Missouri casinos is a significant contribution to the state’s economy. The money goes towards funding various programs and services, including education, public safety, and healthcare. The state’s budget heavily relies on the revenue generated by casinos, and this has been the case since the first casino opened in Missouri in 1994.

The $35 million in state tax revenue generated by Missouri casinos is a result of the 21% tax rate imposed on gross gaming revenue. Gross gaming revenue is the total amount of money wagered by players minus the amount paid out in winnings. The tax rate is one of the highest in the country, and it has been instrumental in generating significant revenue for the state.

The revenue generated by Missouri casinos has been increasing steadily over the years. In 2019, the casinos generated $293 million in gross gaming revenue, which was an increase of 3.5% from the previous year. The increase in revenue can be attributed to various factors, including the expansion of existing casinos and the opening of new ones.

The expansion of existing casinos has been a significant contributor to the increase in revenue. Many casinos have added new amenities and attractions to their facilities, such as hotels, restaurants, and entertainment venues. These additions have attracted more visitors to the casinos, resulting in increased revenue.

The opening of new casinos has also contributed to the increase in revenue. In 2019, two new casinos opened in Missouri, which brought the total number of casinos in the state to 13. The new casinos have created jobs and provided additional entertainment options for residents and visitors alike.

In conclusion, Missouri casinos have been generating significant revenue for the state, with the latest figures showing that they generated $35 million in state tax revenue. The revenue has been increasing steadily over the years, thanks to the expansion of existing casinos and the opening of new ones. The revenue generated by Missouri casinos is a significant contribution to the state’s economy, and it goes towards funding various programs and services. With the continued growth of the casino industry in Missouri, the state can expect to generate even more revenue in the future.