Indiana Casino Revenue Climbs 10% in January Despite Monthly Decline

The Indiana Gaming Commission reported that the state’s 13 casinos collectively generated $178.7 million in revenue this January, marking a 10% increase from the $161.8 million recorded in January 2024. Slot machines ed for the bulk of earnings, bringing in $152.9 million, while table games contributed $36.3 million.

Year-Over-Year Growth and Monthly Decline

While revenue showed a notable increase compared to last year, January’s numbers reflected a slowdown from the previous month. December 2024 saw a total gaming revenue of $198.3 million, meaning January’s figure represented a 10% month-over-month decline. Table game earnings dipped slightly by 0.3%, while slot revenue fell by 12% compared to the previous month.

Among the highest-earning establishments, Hard Rock Casino Northern Indiana led the pack, generating $35 million in revenue, up from $29 million in January 2024. Other major contributors included:

• Horseshoe Indianapolis: $24.3 million ($23.7 million in January 2024)
• Caesars Southern Indiana: $19 million ($17.7 million last year)
• Harrah’s Hoosier Park: $18.3 million ($15.9 million previously)
• Horseshoe Hammond: $14.5 million ($17.8 million in January 2024)
• Ameristar Casino: $13.2 million ($12.9 million last year)
• Bally’s Evansville: $12.8 million ($13.1 million in January 2024)
• Hollywood Lawrenceburg: $11.4 million ($11.6 million previously)

Despite the strong annual performance of most casinos, Horseshoe Hammond saw the largest decline, dropping 18.1% from $17.8 million to $14.5 million. French Lick Resort and Bally’s Evansville also posted revenue decreases, with French Lick falling 9.4% to $4.8 million and Bally’s slipping 2.1% to $12.8 million.

Indiana Lawmakers Advance iGaming Bill

As the gaming industry continues to evolve, Indiana lawmakers are considering expanding into online gaming. On January 28, the House Public Committee advanced House Bill 1432 with a 9-2 vote, sending it to the Ways and Means Committee for further review. If ed, the bill—introduced by Representative Ethan Manning—would permit the Indiana Lottery Commission to operate draw games and e-Instant games online.

However, the proposed legislation has met resistance. A representative from PENN Entertainment voiced opposition, citing concerns over market cannibalization. Some casino operators fear that allowing online lottery and gaming could divert revenue from traditional land-based casinos.

With year-over-year Indiana’s casino industry remains a key player in the state’s economy. Whether online gaming will be legalized remains uncertain, but the debate highlights the shifting landscape of gambling in Indiana.

Source:

”Summary of Wagering and Supplemental Tax – reported for January 2025”, in.gov.