Decrease in casino earnings in Indiana by 1.5% compared to the same period last year, recorded in June.
Indiana Casinos See Decrease in June Revenue
Commercial casinos in Indiana experienced a decline in revenue in June 2024, according to recent data. The statewide adjusted gross revenue (AGR) was $192.8 million, a 1.5% decrease compared to the same month the previous year.
The revenue generated by the 601 table games alone was $32.6 million, while the slot machines delivered $162.9 million in wins. Horseshoe Indianapolis had the second-highest revenue with $26.6 million, an increase of 1.9% compared to June 2023. However, Hard Rock Casino Northern Indiana saw a 12.3% decrease in revenue compared to the same month the previous year, with a total of $30.1 million.
Hard Rock Casino Northern Indiana held the highest revenue among all properties, followed by Horseshoe Indianapolis, Harrah's Hoosier Park (with $20.6 million, a 10% increase), Caesars Southern Indiana ($18.9 million), Hollywood Lawrenceburg ($11.9 million), Bally's Evansville ($13.6 million), and Terre Haute Casino ($11.1 million).
The taxable Adjusted Gross Revenue (AGR) for June was $187.2 million, a 1.2% decrease compared to the same month the previous year.
In contrast to the decline in Indiana's casino revenue, traditional casino revenues nationwide have been showing steady growth year-on-year, with a 3.9% increase in May 2025 compared to May 2024.
The decline in Indiana's casino revenue in June 2024 contrasts with the general growth trend seen in traditional casino revenues nationally. This suggests that regional or market-specific factors may be impacting Indiana's casino revenue during mid-2024.
On a positive note, the Evansville City Council approved funding of $7 million from casino money for purchasing ambulances and other medical equipment.
More context on sports betting revenue specifically in Indiana shows that while the total amounts handled are very large, monthly sports betting revenue in 2023 and 2024 hovers in the tens of millions per month, with variable monthly hold percentages and no distinctive increasing trend in June 2023 or 2024 revenues for the state.
In summary, Indiana's commercial casino performance in June 2024 shows a decrease relative to earlier months in that year rather than the general US-wide growth trend seen in traditional casino revenues over the same period. This suggests regional or market-specific factors impacting Indiana's casino revenue during mid-2024.
[1] Source: Indiana Gaming Commission [2] Source: American Gaming Association [5] Source: Indiana Sports Wagering Report
- Despite the decrease in overall revenue for commercial casinos in Indiana, the revenue generated from casino-games such as table games and slot machines still contributed significantly to the state's economy, with a combined total of $195.5 million in June 2024.
- The decline in casino-gaming revenue in Indiana's commercial casinos could potentially be linked to casino-and-gambling market-specific factors, creating a contrast with the nationwide growth trend in traditional casino revenues.
