COUNCIL BLUFFS, Ia. (KMTV) – MP Brent Siegrist expects Nebraskans to embrace gambling in their home state. However, this could potentially harm Council Bluffs and its established casinos with its established products.
“I think our casinos are likely to respond by being aggressive with their marketing and things like that,” Siegrist said.
Siegrist says Iowa has generated a lot of income from Nebraskans, which has helped Council Bluffs. Creighton University economics professor Ernie Goss has studied the economic and social impact of sports betting.
“A lot of the sports betting, the casino bets that take place at the Iowa casinos that run along Council Bluffs, come from Nebraska, so it’s going to be negative there. There’s little doubt about that,” said Goss.
Casinos in a typical year prior to the pandemic generate approximately $ 300 million in tax revenue for the state of Iowa. Siegrist estimates Council Bluffs casinos make up 20 to 25 percent of that. According to Goss, both Nebraska and Iowa need to look outside their states to strengthen their clientele.
“You get a really positive bump here because obviously casinos and betting have been very good for Nevada. Now the question is, what have they done for the cities and states these people are from?” Said Goss.
Goss is publishing research this summer in a journal reviewing sports betting and its impact on general betting and non-casino venues.