Casinos across Missouri are reporting decreased revenue this summer, continuing a trend seen at most of the state's 13 riverboat gambling sites last year.
Overall revenues for July were more than $9.5 million less than in July 2012, a 6.3 decline. That means nearly $2 million less for state education spending derived from a gambling tax compared with this time last year.
Jim Mathewson, the chairman of the Missouri Gaming Commission will step down Friday. Matthewson chose not to stay for a second three-year term in order to spend more time with his family.
During Mathewson’s tenure with the Gaming Commission, Missouri’s 13th casino license was awarded to developers in Cape Girardeau and disassociated gamblers were provided a pathway to reinstatement. He says the main challenge now is raising enough revenue to help K-through-12 schools.