Indiana’s casino industry is off to a hot start this year. Casinos in the Hoosier State made over $205 million worth of revenue in February, which was a slight increase from January’s $203 million haul.
Indiana’s industry typically pulls in somewhere around $200 million of revenue in any given month. February 2022, for example, was a $201 million month for the state’s casinos.
There are over a dozen casinos in Indiana, and each had to play its part for the state to reach that revenue total last month.
February 2023 Indiana casino revenue
Caesars Entertainment owns or operates four Indiana casinos. That’s the most by any single company in the state.
The company’s properties combined to generate nearly $99 million in February, or 48%, of Indiana’s total revenue haul.
Despite that, Hard Rock Casino Northern Indiana continued its reign at the top spot on the podium. The casino has been a titan in Indiana’s industry since it opened in May 2021.
Here’s a quick look at the most profitable casinos in Indiana during February, according to the latest report from the Indiana Gaming Commission:
- Hard Rock Northern Indiana: $34 million
- Horseshoe Indianapolis: $30 million
- Horseshoe Hammond: $28 million
- Caesars Southern Indiana: $21 million
- Harrah’s Hoosier Park: $20 million
The industry’s $205 million of revenue translated to over $64 million worth of taxes for Indiana last month.
Hoosiers love electronic gaming machines
February was another big month for electronic betting in Indiana. Electronic gaming devices (EGDs) did most of the heavy lifting last month.
If you’re not super familiar with EGDs, then don’t sweat it. In a nutshell, if it isn’t a table game, then it’s probably an EGD.
These games brought in over $170 million in profit last month. A huge piece of the overall $205 million pie.
That’s no surprise considering that the state has 14,373 of these machines in its casinos.
Indiana’s nearly 600 table games held up their end of the bargain by contributing another $35 million to the industry’s total.
All things considered, February was a strong month for Indiana’s casinos. Business is booming, and at this rate, it will be another massive year for the industry.