Indiana’s December Casino Revenue Tops November By 8.6%

Written By Katarina Vojvodic on January 15, 2024
Illustrated Neon Sign Reads Casino Night

After nine consecutive months of yearly revenue decline, Indiana casinos’ December numbers were quite similar compared to the same time last year.

According to the Indiana Gaming Commission’s (IGC) report, Indiana casinos generated $192.79 million in adjusted gross revenue (AGR) last month. The figure represents an 8.64% monthly rise and a minor (0.02%) yearly rise.

Indiana players of legal age have 12 casinos to choose from. For the time being, online casinos in Indiana remain illegal.

11 Indiana casinos show monthly revenue progress

Of 12 casinos across Indiana, 11 showed monthly progress in revenue earned in December.

Hard Rock Casino Northern Indiana remains the leading operator in revenue generated. Despite being the top performer, Hard Rock Casino Northern Indiana was the only operator that saw a decrease in revenue from November.

Meanwhile, French Lick Resort showed the highest monthly progress, of over 20%.

To get a wider picture, here’s how 12 Indiana casinos positioned in AGR generated in December 2023. And the percentage change from November 2023 gaming revenue in Indiana.

  1. Hard Rock Casino Northern Indiana: $34,066,202
    • 2.22% monthly decrease from November
  2. Horseshoe Indianapolis: $29,286,586
    • almost a 12.0% monthly increase compared to November
  3. Horseshoe Hammond: $21,862,082
    • 2.16% monthly rise from November
  4. Caesars Southern Indiana: $19,801,016
    • 6.71% monthly increase from November
  5. Harrah’s Hoosier Park: $19,403,375
    • 18.18% monthly rise from November
  6. Ameristar Casino: $13,703,559
    • monthly increase of 17.40% from November
  7. Bally’s Evansville: $12,868,300
    • slight monthly increase of 0.69% from November
  8. Hollywood Lawrenceburg: $12,096,440
    • 10.53% monthly rise from November
  9. Blue Chip Casino: $10,579,246
    • 18.88% monthly progress from November
  10. Belterra Casino: $7,504,621
    • 15.45% monthly increase compared to November
  11. French Lick Resort: $7,085,608
    • 20.64% monthly rise from November
  12. Rising Star Casino: $4,533,176
    • monthly increase of 32.82% from November

Seven Indiana casinos showed annual revenue incline in December

When it comes to yearly comparison, during the last month, seven Indiana casinos showed revenue progress from December 2022. These are:

  1. Rising Star Casino (15.08%)
  2. Blue Chip Casino (9.22%)
  3. Horseshoe Indianapolis (5.68%)
  4. Hard Rock Casino Northern Indiana (4.85%)
  5. French Lick Resort (4.84%)
  6. Harrah’s Hoosier Park (2.42%)
  7. Caesars Southern Indiana (1.14%)

Five Indiana casinos that showed a yearly decrease in AGR during the last month were:

  1. Horseshoe Hammond (-10.89%)
  2. Bally’s Evansville (-9.65%)
  3. Ameristar Casino (-8.41%)
  4. Hollywood Lawrenceburg (-2.04%)
  5. Belterra Casino(-0.73%)

Indiana sports betting numbers show yearly increase, but drop monthly

During December, 12 Indiana sportsbooks generated $503,127,765 in betting handle (total bets). The figure represents a 2.05% monthly decline from November’s $513.67 million.

However, the number is a 16.62% year-over-year increase from December 2022.

Although betting handle dropped monthly, the Indiana Gaming Commission’s latest report revealed monthly improvement in taxable AGR in December.

Sports betting AGR (calculated as total bets minus the payouts on winning bets and adjustments made) was $50.64 million in December 2023. The figure is a 64.80% month-over-month increase and an 18.52% year-over-year incline.

Sports betting taxes throughout the month totaled $4,810,719, showing both yearly and monthly rises.

Photo by PlayUSA
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Katarina Vojvodic

Katarina Vojvodic is a lead writer for PlayUSA who lives in Toronto. Vojvodic provides coverage of the US gambling industry with a focus on US online casinos. Previously, she covered Ontario’s online gambling industry for PlayCanada.com. Vojvodic holds a master’s degree in journalism from the University of Belgrade. Outside working hours, she can be found near the water with her husband and their two kids.

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