Indiana Casinos Rebound In December With $211.6 Million In Total Win

Hard Rock continues to be a key driver of Indiana casino revenue
Indiana casino December 2021 revenue
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Casinos across Indiana closed 2021 on a positive note, combining for more than $211.6 million for the month of December, according to figures released by the Indiana Gaming Commission.

The total win represented an 8.3% increase from November’s total of $195.3 million, which marked the first time in nine months that total win dropped below $200 million. December’s figure did fall shy of the year’s high-water mark of $230.6 million established in June.

The taxable gaming revenue increased at a sharper level from November, climbing 13.4% to nearly $203.2 million. The state collected more than $53.6 million from the 10 casinos and two racetracks in wagering taxes, and more than $60.4 million for December when including supplemental and sports betting taxes.

That was a 10.2% increase from November’s total of $54.8 million despite December’s sports betting tax receipts of $2.4 million being nearly half of November’s $4.5 million. For the first six months of Fiscal Year 2022, Indiana has generated $242.8 million in casino wagering tax revenue and $284.5 million overall.

Hard Rock finishes atop revenue list again

Hard Rock Northern Indiana retained its hold as the top revenue generator in total win with more than $32.4 million, a 5.1% increase from November. Its ability to generate revenue from table games unlike any other casino or racino in the Hoosier State continues to be key in staying No. 1, as the $132,171 in revenue per table was more than double the state average of $64,635.

Hard Rock claimed nearly $10.6 million in total win from its 80 tables, accounting for 26.3% of the state’s $40.2 million in table games total win.

Horseshoe Hammond took runner-up again with $29.7 million in total win, but it was also the only venue to see a month-over-month drop as the total was a 3.2% decrease from November’s revenue of close to $30.7 million. Indiana Grand rounded out the podium spots with nearly $27.9 million, an increase of 16.6% compared to November that was aided by a 25.1% increase in table total win to close to $4.5 million.

Five venues reported a total win of $20 million or more, with Harrah’s Hoosier Park ($21.3 million) and Caesars Southern Indiana ($20.9 million) also crossing that threshold.

Indiana Grand generated the most EGD revenue with $23.4 million in total win, averaging $15,772 for its 1,484 machines in action. Eight venues posted EGD total win of $10 million or more, with seven reaching at least $10,000 per gaming position.

The nearly $171.4 million in EGD total win was an 8.6% increase compared to November’s $157.7 million and represented 81% of the overall total win.

Dominant Northwest Indiana trio

Hard Rock, Horseshoe Hammond, and Ameristar combined for just over $81 million in total win, representing 38.3% of the state’s total win and a 2.3% increase from November’s sum of $79.2 million.

Despite having the most tables in action with 115, Horseshoe finished a distant second to Hard Rock in table total win with more than $6.8 million. Horseshoe’s per table average of $59,498 ranked sixth among all venues, but it was one of only three places to derive at least 20% of its total win from table games.

Ameristar’s $18.9 million in overall total win was good for sixth among state casinos and racinos, and was a 6.9% increase compared to November. It averaged $77,559 per table game and $12,046 per EGD position, better than both state averages.

Photo via Shutterstock

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