Supporters of a Cedar Rapids casino say significant changes have occurred in Iowa’s gaming industry since their last application in 2017, including population growth and increased gaming revenues.
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Casino backers on Monday unveiled their own market study that suggests a Linn County casino would increase Iowa’s net gaming revenues by more than $80 million.
The July study conducted by Convergence Strategy Group — a consulting firm in the casino gaming and leisure industries — anticipates a Cedar Rapids casino would draw 1.1 million visitors annually, contribute an estimated $80.2 million of new taxable revenue for the state of Iowa and divert $27.8 million in projected adjusted gross revenue from other commercial casinos in Iowa.
