The Indiana Gaming Commission has released its monthly report, revealing that the state’s casinos reported a casino win of $196.5 million in May. Additionally, the sports betting handle reached $283.4 million for the same month. While the casino win showed a 6.9% decrease compared to April, the sports betting sector saw an 11.8% dip in handle but a 14.8% increase in revenue.
Casino Performance:
The total casino win for May, which includes revenue from slots and table games, amounted to $196.5 million, marking a 6.9% decrease from April’s $211 million. The casino’s taxable adjusted gross revenue for the same period was approximately $186.2 million, reflecting a 6.5% decline from the previous month.
Top-Performing Casinos:
The top casinos by win in Indiana for May were:
Hard Rock Casino Northern Indiana: $33.7 million
Horseshoe Indianapolis: $27.9 million
Horseshoe Hammond: $24.5 million
Caesars Southern Indiana: $21.7 million
Harrah’s Hoosier Park: $19.2 million
Sports Betting in Indiana:
Sports bettors in Indiana wagered a total of $283.4 million in May, down by 11.8% compared to April’s handle of $321.4 million. Despite the decrease in handle, the sports betting sector saw a significant increase in revenue, reaching $33.78 million, reflecting a 14.8% growth from April’s approximately $29.4 million. Tax collection from sports betting also increased by 14.8% compared to the previous month, reaching $3.2 million.
The Indiana Gaming Commission’s report for May highlights the performance of the state’s casinos and sports betting industry. While the casino win experienced a slight dip compared to the previous month, sports betting revenue saw substantial growth. The data provides valuable insights into the state’s gambling landscape, reflecting both challenges and opportunities for the industry.