Indiana casinos reported $161.8 million in adjusted gross revenue in January, a startling 17% drop from the same month in 2023.
Following an encouraging performance in December, casinos saw a steep decline of nearly $30 million in adjusted gross revenue in the first month of 2024.
The cold temperatures may have contributed to the decrease in game play.
Hard Rock continues to lead state in monthly revenue
January marks the 11th time in the last 12 months that casino revenue declined year over year. It’s hard to calculate whether such sluggish performance increases or decreases interest in adding Indiana online casinos in the near future. IGaming could take even more revenue from the casinos in the state, or, if linked to the casinos, online gaming could be a savior.
Indiana casinos collected $140.4 million from slot machines in January. They reported taking in $30.7 million from table games, such as blackjack, baccarat, craps and roulette. According to numbers from the Indiana Gaming Commission, revenue from slot machines was down 6.1% compared to December.
Hard Rock Casino Northern Indiana led all casinos in January adjusted gross revenue.
- Hard Rock Casino Northern Indiana: $29.1 million
- Horseshoe Indianapolis: $23.8 million
- Horseshoe Hammond: $17.8 million
- Caesars Southern Indiana: $17.8 million
- Harrah’s Hoosier Park: $16 million
- Bally’s Evansville: $13.2 million
- Ameristar Casino: $13 million
- Hollywood Lawrenceburg: $11.6 million
- Blue Chip Casino: $7 million
- French Lick Resort: $5.3 million
- Belterra Casino: $4.6 million
- Rising Star Casino: $2.8 million
Indiana received $53 million in tax payments
Hard Rock Casino, located in Gary, led the Indiana casino market in January for the 18th straight month. Horseshoe Indianapolis was more than $5 million behind for second place.
Indiana casinos paid roughly $53 million in total tax in January, with $44 million deriving from casino activity, $5 million from sports betting revenue and a little over $3 million in supplemental tax.
