Missouri’s K-12 schools could face even tougher funding hurdles this year thanks to the slumping gaming industry.
A document provided to the Associated Press today shows Missouri’s 12 casinos were projected to generate about $372 million. That was based on the assumption that removing loss limits would generate more revenue.
The St. Louis area's newest casino is falling short of revenue projections.
The St. Louis Post-Dispatch reports that the River City casino in south St. Louis County is now projected to generate slightly less than $8.2 million in its 10 months of operation this year, and a little less than $10 million in 2011.