It was June gloom for Indiana casinos.
The Hoosier State’s casinos all suffered month-to-month drops in adjusted gross revenue last month.
They combined for $190.4 million, a 9.8% dip from May, when casinos produced $211 million.
Revenue drops at all Indiana casinos in June
The good news from the Indiana Gaming Commission’s June report is adjusted gross revenue (AGR) was up nearly 4% year-over-year. June’s $190.4 million was nearly $7 million higher than June 2023’s $183.6 million. The state added one casino over the last year, so there are now 13 casinos operating in the Hoosier State.
Lawmakers have not legalized Indiana online casinos, but sweepstakes and social casinos are popular alternatives for online play in Indiana.
Every casino in the state saw month-to-month revenue decreases in June.
Harrah’s Hoosier Park suffered the biggest fall, posting $16.5 million AGR last month, a 20% decrease from May’s $20.6 million.
Horsehoe Indianapolis collected 21% less revenue in June ($22.9 million) than in May ($27.7 million).
Overall, nine of the 13 casinos posted a 5% decrease or worse in revenue in June compared to May. Four faced losses of at least 10% from the month before.
No cause for concern
Nationally, casino revenue in June dropped from the previous month. But Indiana was unique. It was the only state that saw month-to-month revenue drops in June at every casino in the state.
There certainly is an appetite for casino gaming in the state. And it might grow. Lawmakers are expected to consider iGaming next year. PlayUSA estimates that Indiana online casinos could collect up to $80 million in revenue each month.
Additionally, Terre Haute Casino Resort opened its doors in April. The Churchill Downs-owned property has consistently seen revenue totals above $10 million each month since.
