In a resounding success for Indiana’s gaming industry, the Indiana Gaming Commission has reported a remarkable 11% increase in total gaming revenue for July compared to the previous month. The state’s ten casinos and two racinos collectively generated $212.7 million, marking a significant upswing from June’s $191.6 million.
Breakdown of Gaming Revenue:
Breaking down the numbers, slot revenue contributed a substantial $173.2 million, showcasing the enduring popularity of slot machines. Additionally, table games witnessed a commendable performance, accounting for $39.5 million in revenue.
Top Performers:
Hard Rock Casino Northern Indiana emerged as the frontrunner, reporting an impressive $36.9 million in earnings for the month. Following closely, Horseshoe Indianapolis secured the second spot with $30 million in gaming revenue. Horseshoe Hammond, Caesars Southern Indiana, and Harrah’s Hoosier Park also demonstrated robust performances, recording revenues of $26.4 million, $21.6 million, and $19.6 million, respectively.
Tax Contributions and Sports Wagering:
Notably, Indiana collected $29.4 million in tax revenue from both slot machines and table games, highlighting the economic significance of the gaming sector. Moreover, the state saw $2.2 million in revenue from settled sports wagers, underscoring the growing influence of sports betting.
Sports Betting Landscape:
July witnessed a sports betting handle of $203.8 million in Indiana, representing a slight year-over-year decline of 1.4% from July 2022. Despite this dip, legal sports betting apps accounted for nearly $193.1 million of the total handle. Operators recorded an impressive $23.3 million in adjusted gross sports wagering revenue, marking an 11.5% increase from the previous year and a substantial 19.5% surge from June 2023.
The thriving gaming industry in Indiana, as reflected in the double-digit growth in monthly revenue, emphasizes the resilience and appeal of the state’s casinos and racinos. With a diverse array of offerings, from slot machines to sports betting, Indiana continues to be a key player in the evolving landscape of the U.S. gaming market. The sustained growth and impressive performances of individual establishments further solidify the state’s position as a noteworthy hub for entertainment and economic contributions.