- When released next week, Missouri gaming revenues should show roughly a 5% decline YoY despite a favorable calendar. Other states probably performed better on an absolute basis but we fear results were below expectations in most states in September.
- New competition from the Kansas Speedway is certainly hurting results but we would’ve expected better. Indeed, as shown in the chart, the seasonally adjusted trend should’ve been about 3 percentage points higher.
- We don’t want to be overly focused on the one market of Missouri but we did hear anecdotally that September may not have been the strong finish to the quarter that the calendar would’ve predicted. The regional gaming operators probably needed a decent September to make the quarterly revenue estimates.
