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Since the first Iowa riverboat casino opened in 1991, its gaming industry has steadily grown. Last year, Iowas 19 casinos posted revenues of $1.5 billion, $336 million of which was paid to the state in taxes. In addition to supporting 15,662 jobs and paying $618 million in wages, Iowa casinos bought $239 million in goods from Iowa vendors and provided $62 million in funding to community organizations. Casinos in Council Bluffs are finding special ways to make a difference. Through the Iowa West Foundation , they have contributed to the Pottawattamie Promise, which offers full rides to a local community college for eligible high school students who meet need and merit standards. Whether it is casino employees volunteering at a homeless shelter or corporate donations that sponsor important programs, casino gaming has had an outsize impact on that corner of Iowa. Ohio, likewise, doesnt have a reputation as a gambling powerhouse, but the states four casinos and seven racinos generated $1.8 billion in gaming revenue and $594 million in direct gaming taxes last year. That is more than Iowa, which is impressive considering the Buckeye State has only had casino gaming since 2012 . Ohios higher revenue base gives its gaming operations a concomitantly higher impact on the state as a whole. The 19,953 jobs the Ohio industry supports pay $804 in wages. Gaming operations last year paid $594 million in gaming taxes.
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Cowan said he's aware of a lot of cities that work with casinos, and they work together to keep one another happy. The contract could at least protect the city for 10 to 20 years. Mayor Bill Shewey asked what would happen to the contract if the tribe decided to close the casino in the future. Cowan said that would be dealt with in the contract. "We could build some sort of agreement into the contract that we'd have to pay a parachute payment or something if we decide to close this casino within so many years. That's just an example," he said. Despite being a sovereign entity, the tribe still is subject to contract law, Cowan said.
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