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October marks the eighth consecutive month of yearly revenue drops for Indiana casinos, generating slightly over $174.65 million.
That money comes from 13 retail casinos and 12 sports betting operators, while online casinos remain illegal.
Throughout the month, Indiana casinos and sportsbook operators collected $46.80 million in taxes for the state, of which sportsbooks contributed $4.30 million.
Hard Rock Casino Northern Indiana remains the top performer
As the Indiana Gaming Commission’s latest report shows, operators in the state generated $174.65 million in adjusted gross revenue (AGR) with $169.60 million in taxable AGR throughout October.
The latter figure compares to $176.7 million in gaming revenue Indiana reported in September and is a 4.03% monthly decrease. It is also a 10.37% year-over-year decrease from October 2022’s $189.22 million.
These are best performing Indiana casino operators for the month:
- Hard Rock Casino Northern Indiana remains the No. 1 operator with $31.29 million in revenue. The figure is a 3.93% monthly decrease from September and a 9.28% yearly drop. Like in previous months, no other casino operator surpassed the $30 million mark in revenue.
- Horseshoe Indianapolis was the runner-up for October with $25.52 million in AGR. The number is a monthly decrease of 3.43% and a 4.74% yearly drop.
- Horseshoe Hammond was the third most successful operator, with $21.91 million in revenue, a 7.03% monthly drop and a 21.34% yearly decrease.
Two sportsbooks accounted for over 70% of revenue and handle
According to the IGC’s October 2023 gaming report, the state’s licensed sportsbooks generated nearly $429.67 million in handle (total bets) throughout October. The figure is a 6.32% monthly increase from September’s $404.14 million, the second-highest handle recorded this year after March.
However, October’s betting handle figure is a 3.71% yearly drop from the handle recorded in October last year.
Meanwhile, Indiana sportsbooks generated $45.23 million in adjusted sportsbook revenue, a 10.13% monthly increase but a 3.62% yearly drop.
Ameristar Casino was the most successful operator, generating $172.75 million in betting handle and $17.85 million in revenue. Blue Chip Casino was next with $147.07 million in total bets and $17.41 million in revenue.
The two sports betting operators accounted for 77.94% of statewide revenue and 73.23% of handle for the month.
Throughout the month, football was the most popular sport across Indiana sportsbooks. Here’s an entire breakdown of the statewide handle by sport:
- Football: $153.3 million in bets
- Parlay $142.29 million
- Other $67.98 million
- Basketball: $38.34 million
- Baseball: $27.42 million
