Bleeding Stops For IN Casinos, Break Downward Revenue Trend In December

Posted on January 12, 2024

Indiana casinos were trending in the wrong direction for the majority of 2023. But that finally stopped in December.

The industry saw nine consecutive months with year-over-year declines. With no political appetite to legalize Indiana online casinos in 2024, brick-and-mortar properties were going to do the lifting themselves.

According to numbers released by the Indiana Gaming Commission, the state’s casinos reported $192.7 million in adjusted gross revenue in December. That’s $15.3 million more than November’s numbers, representing an 8.6% month-over-month increase.

However, December’s numbers mean that we did not see a tenth consecutive month of a year-over-year revenue decline for Indiana casinos. But just barely. December 2023 AGR was a mere $33,195 more than in December 2022.

December 2023 Indiana casino AGR highest since May

The rollercoaster 2023 for Indiana casinos appears to have ended on a high note. December’s AGR was the highest total the state’s casinos have been able to generate since May, when properties reported revenues totaling $191.8 million.

In December, the state’s casinos won $173.6 million from slot machines and $32.6 million from table games. Table game winnings are down compared to November. However, winnings from slots were up 12.7%.

When November revenue numbers came out, Indiana casinos needed an 8.6% month-over-month increase to break the streak of nine straight months of year-over-year revenue decline. That’s precisely what happened.

December 2023 Indiana casino revenue

CasinoDecember 2023 Revenue
Hard Rock Casino Northern Indiana$34,066,202
Horseshoe Indianapolis$29,286,586
Horseshoe Hammond$21,862,082
Caesars Southern Indiana$19,801,016
Harrah’s Hoosier Park$19,403,375
Ameristar Casino$13,703,559
Bally’s Evansville$12,868,300
Hollywood Lawrenceburg$12,096,440
Blue Chip Casino$10,579,246
Belterra Casino$7,504,621
French Lick Resort$7,085,608
Rising Star Casino$4,533,176

Hard Rock Casino Northern Indiana goes wire-to-wire as 2023’s top-grossing Indiana casino

Hard Rock Casino Northern Indiana completed its year-long reign atop the Indiana casino mountain with another strong month. The venue made $34 million in revenue during December, maintaining its place as the highest-grossing casino in Indiana.

Horseshoe Indianapolis was the next closest, winning $29.2 million from gamblers, with Horseshoe Hammond ranking third by generating $21.8 million in revenue.

Indiana’s casino industry finally has some positive momentum heading into the end of 2024. Furthermore, more additions to the industry are on the way.

The new Terre Haute Casino will open in April, bringing a 56,000-square-foot gaming floor, a 122-room hotel and various new options for gamblers.

Additionally, Harrah’s Hoosier Park is almost done with a $40 million expansion, adding 30,000 square feet of gaming space with a high-limit area, 150 new slot machines, 11 new table games and more food and drink options.

Photo by PlayIndiana
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C.J. Pierre

C.J. Pierre is a Lead Writer at PlayIndiana. He has been covering news and sports for over a decade for both online and TV broadcasts. He was born and raised in Minneapolis, MN and is an alum of Minnesota State University: Moorhead. He recently dove into tribal casino, sports betting and online gambling news. He also covered the launch of sports betting in Arizona. C.J. has experience as a reporter and videographer and has covered high school, college and professional sports throughout his career, most notably following Arizona Cardinals, Phoenix Suns, Minnesota Vikings and North Dakota State University football.

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