Indiana Sees Improved Monthly Casino Revenue Figures In November

Written By Katarina Vojvodic on December 13, 2023
Illustration Of Word Casino With Border

Once again, Indiana’s casinos saw a year-over-year gaming revenue drop, which marks the ninth consecutive month of yearly revenue decline.

According to the Indiana Gaming Commission’s report, Indiana casinos generated $177.46 million in adjusted gross revenue (AGR) last month. Despite a 1.60% monthly increase, it is a 3.75% yearly drop from November 2022.

Indiana gambling enthusiasts can bet at 13 retail casinos and 12 sports betting operators. For the time being, online casinos remain illegal in the state.

Hard Rock Casino Northern Indiana top earner in November

According to the state regulators, Hard Rock Casino Northern Indiana remains the best revenue earner in November.

Here’s how 12 Indiana casinos ranked in revenue in November:

  1. Hard Rock Casino Northern Indiana: $34,838,135
  2. Horseshoe Indianapolis: $26,154,752
  3. Horseshoe Hammond: $21,399,350
  4. Caesars Southern Indiana: $18,556,043
  5. Harrah’s Hoosier Park: $16,428,473
  6. Bally’s Evansville: $12,780,521
  7. Ameristar Casino: $ $11,672,578
  8. Hollywood Lawrenceburg: $10,944,135
  9. Blue Chip Casino: $8,898,975
  10. Belterra Casino: $6,500,249
  11. French Lick Resort: $5,873,302
  12. Rising Star Casino: $3,412,967

Seven casinos reported a monthly increase from October: Hard Rock Casino Northern Indiana, Horseshoe Indianapolis, Caesars Southern Indiana, Bally’s Evansville, Hollywood Lawrenceburg, Belterra Casino and Rising Star Casino.

Compared to the same period last year, only three casinos saw yearly revenue progress. These are: Bally’s Evansville, Caesars Southern Indiana and Hard Rock Casino Northern Indiana.

Indiana sports betting handle increases, but revenue drops

According to the November 2023 report by the Indiana Gaming Commission, the state’s sports betting handle (total bets) increased monthly and yearly.

Indiana’s 12 sportsbooks in the state generated $513,672,425 in handle, representing a 13.56% year-over-year increase from November 2022’s handle of $452,318,954. The figure is also a 19.55% rise from Indiana’s October 2023 gaming revenue.

Despite the handle increase, November’s sports betting AGR in Indiana was only $30.73 million. AGR reflects the betting handle (total best) minus the payouts on winning wagers made during the reporting month and adjustments made.

The figure is a 23.12% year-over-year drop from the $40 million recorded in November 2022. At the same time, it is a 32.06% month-over-month decline.

As a result, last month’s sports betting tax dropped to $2.92 million from $3.80 million reported in November 2022. The figure is also a decrease from October’s 4.30 million.

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 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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