Hard Rock Casino Northern Indiana Remains Top Revenue Earner
Summary
- The 16 month old casino earned $32.7 million last month.
- The win was 7.6% more than last year.
- Horseshoe Casino Hammond came in second with $29.3 million in earnings.
The Indiana Gaming Commission has revealed the revenue earnings for casinos in the state, showing that the Hard Rock Casino Northern Indiana is still the one to beat. The casino is located in Gary and seems to be the hot spot for bettors. The Hard Rock has once again beat its competitors by taking in more revenue.
August Casino Earnings in Indiana
For the month of August, Hard Rock was able to earn just over $32 million, a 7.6% increase from the same month in 2021. In second place, was Horseshoe Casino Hammond, bringing in $29.3 million. The Horseshoe saw a significant drop in earnings when compared to last year, by over 11%.
According to president of the Hard Rock casino, Matt Schuffert, the casino would have seen a higher return if players had not performed as they did in August. Schuffert said based on volume, the slots and table games were up around 15% year over year but many gamblers were able to leave the casino a winner, which cut down on revenue totals.
Hard Rock’s table games were popular, especially the baccarat tables. The casino saw $8.5 million in revenues from table games based on $48.3 million in wagers. Slots were also up with just over $248 million in bets. The win from that amount was over $24 million.
Other Venue Revenue Totals
Other casinos in the state also saw a dip in earnings. The Ameristar Casino, located in the East Chicago area, dropped to $16.7 million. This was a decrease of more than 22%. Blue Chip Casino was also down, earning $11.3 million, a slight drop of around 6.8%.
Across the state, the casino win was down, coming in at over $205 million compared to $209 million in 2021. From the monthly earnings, the state was able to collect over $35 million in tax revenues from slots and table games.
While casino earnings were on the decline, sports betting saw a nice increase in earnings. $238 million was bet on sports in August which is much higher than the $206 million in July. Sports betting provided $2.4 million in tax payments.
As the NFL season has just gotten started, it is expected that earnings from sports betting will be even higher in September. Hard Rock Sportsbook also launched statewide, which will help revenue numbers. It will be interesting to see if there is a sharp increase by the time this month’s totals are revealed.
Doug RamirezAuthor
Doug is our American guru, he will be keeping us informed with latest tournament news and goings on in the USA
