Indiana Casino wins in May but still exceeds $200 million

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Indiana casinos saw their total earnings drop a bit in May, but the state’s 12 commercial gaming facilities still combined to hit $200 million for the fourth consecutive month.

The total casino win includes revenue from table games and electronic gaming devices (EGD or slot machines). In May, the state’s total gain was $211,895,475. This represents a decrease of 7.5% from April ($229,117,712) and a decrease of 4.1% from May 2021 ($220,846,734) when compared year over year.

Adjusted AGR taxable gambling income for games was $201.6 million in May, compared to $215.3 million the previous month and $212.2 million in May 2021.

The state won $189.85 million from slots and $45.37 million from table games in May.

There is no real money online gambling in Indiana, so all bets are placed at physical casinos.

Indiana Casino Winnings Breakdown

The top earning casino for May was the Hard Rock Casino Northern Indiana in Gary, with a total earning of $36,320,339, according to figures from the Indiana Gaming Commission. Hard Rock won $26.2 million with slots and $12.3 million with table games.

In second and third place, two Horseshow installations ended up almost tied. Horseshoe Hammond brought in $28.94 million in earnings for the month and Horseshoe Indianapolis in Shelbyville took home $28.79 million.

Harrah’s Hoosier Park in Anderson ($21 million) and Caesars Southern Indiana in Elizabeth ($20.3 million) round out Indiana’s five top-grossing casinos.

The total tax paid to the state by casinos was $75.68 million for the month.

According to the American Gaming Association, Indiana’s 12 commercial casinos have a combined economic impact of nearly $4 billion and support more than 22,000 jobs.

Handful of sports betting also down

The sports betting handful topped $300 million in Indiana for the ninth consecutive month. But the amount wagered was $308.4 million, down 14.3% from April ($360 million).

The year-over-year numbers were more encouraging for the game’s defenders, as that handful last month was 21.2% higher than in May 2021, when it was $254.45 million.

As in most states with a legal and regulated mobile sports betting market, the vast majority of the action came from mobile devices. Of that total $308.4 million wagered, $290.4 million was in the mobile sports betting handle, or 94.2%.

Sports betting revenue (taxable AGR) increased month-over-month, rising 7% from $28.66 million in April to $30.66 million in May. And revenue rose 62.6% from $18.85 million 12 months earlier. The sports betting tax amounted to $2.9 million in May.

Indiana sports betting, May vs April

Full handle Movable handle Revenue (taxable AGR)
May $308.386 million $290.419 million $30.659 million
April $360.023 million $339.354 million $28.657 million
To change Down 14.3% Down 14.4% Up 7.0%

No online gambling legislation in 2022

It was hoped that Indiana would soon join the list of states with iGaming, but that push died down early this year.

In January, two bills that would have legalized online gambling in Indiana withered in committee.

The six states with iGaming are New Jersey, Pennsylvania, Delaware, Michigan, Connecticut, and West Virginia. These states have also legalized online poker along with Nevada.

Still, companies hoping to bring iGaming to Indiana are keeping tabs on the state.

For example, in April, PlayUp agreed to a deal to access the market in Hoosier State when online gambling becomes legal there. The company now has iGaming access in Pennsylvania and New Jersey (and Iowa, which does not yet offer online gaming) and has sports betting offerings in Indiana and Iowa.

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