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
| Casino | December 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 |
| TOTALS | $192,790,210 |
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.
