Indiana Casinos Enjoy Double-Digit Revenue Growth In March

Written By J.R. Duren on April 13, 2023
Indiana Casinos Win Over $217 Million In March Revenue

Indiana casinos had a solid March, racking up a total adjusted gross revenue (money gambled minus wins and promotions) of more than $217 million. Month-on-month, casinos boosted their revenue by around 10%.

Sports betting revenue also saw a surge in handle and revenue, thanks to March Madness.

Indiana casino revenue by the numbers for March 2023

In total, casinos in Indiana generated $217,916,547 in adjusted gross revenue this past month. As is the standard, slots and electronic games accounted for the majority of that revenue: 84.3%, to be exact.

In terms of individual casinos, Hard Rock Casino Northern Indiana led the way with the biggest revenue share. The state’s top-five revenue generators were:

  • Hard Rock Casino Northern Indiana: $38.2 million
  • Horseshoe Indianapolis: $33.2 million
  • Horseshoe Hammond: $28.0 million
  • Caesars Southern Indiana: $23.0 million
  • Harrah’s Hoosier Park: $20.7 million

Hard Rock and Horseshoe Indianapolis saw the biggest jumps in revenue. Each property brought in around $5 million more than in February.

Revenue by casino

Casino Adjusted Gross Revenue for Sports Betting Adjusted Gross Revenue for Slots and Table Games Total Tax Revenue
Ameristar Casino $13,806,656 $18,308,78 $7,382,823
Bally’s Evansville $249,801 $16,056,495 $5,301,500
Belterra Casino $4,653,098 $6,496,364 $2,260,376
Blue Chip Casino $16,230,291 $10,533,068 $5,070,456
Caesars Southern Indiana $260,084 $23,036,296 $8,612,640
French Lick Resort $1,132,380 $6,467,650 $1,142,400
Hard Rock Casino Northern Indiana $408,057 $38,181,736 $13,916,757
Harrah’s Hoosier Park $3,519,253 $20,698,576 $5,798,753
Hollywood Lawrenceburg $1,613,514 $14,243,209 $4,800,843
Horseshoe Hammond $125,857 $27,907,847 $10,502,516
Horseshoe Indianapolis $784,483 $33,202,520 $8,839,991
Rising Star Casino $59,098 $2,784,006 $381,455
Total $42,842,572 $217,916,547 $74,010,510

Sports betting gets huge boost from NCAA tournament

On the sports betting side, March proved to be the lucky charm once again. March Madness drove sports betting revenue up by 54.8% month-on-month.

Indiana sportsbooks generated $42.8 million in total revenue last month, compared to $27.7 million in February. Blue Chip (FanDuel) and Ameristar (Barstool) led the way with $16.2 million and $13.8 million in revenue, respectively.

Photo by Playin USA
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J.R. Duren

J.R. Duren has covered the gambling beats for more than a dozen states for Catena Media since 2015. His past reporting experience includes two years at the Villages Daily Sun, and he is a first-plac
e winner at the Florida Press Club Excellence in Journalism Contest.

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