Statewide casino revenues creep up; Hard Rock remains leader

Chicago Tribune
Wild Casino

Statewide casino revenues inched up year-over-year in November after a steep decline of $7 million year-over-year in October.

November revenues were about $800,000 higher than the same month last year when the Indiana Gaming Commission reports the state’s casinos brought in about $196.2 million in handle. The figure is up from about $195.3 million in the same month last year.

Hard Rock Northern Indiana continues to lead the state in revenues generated for the 14th month in a row, bringing in about $35.4 million in November, an increase of about 15% over reported earnings of about $30.9 million in November 2021, according to the IGC Monthly Revenue Report.

Horseshoe Casino Hammond had a handle of about $25.8 million in November, a drop of almost $5 million from its 2021 handle of $30.8 million. Ameristar Casino in East Chicago brought in about $15.1 million in November, down from about $17.7 million the same month last year, according to the IGC.

Matt Schuffert, president of Hard Rock Northern Indiana, said November’s earnings represent a 15% increase year over year in slots and tables for the casino.

“It was a great month. We are looking forward to finishing the year strong,” Schuffert said.

Hard Rock’s business has been fairly consistent month-over-month since its opening in May 2021, Schuffert said.

“From Hard Rock’s perspective we are still seeing very strong visitation and a very strong spend for customers,” Schuffert said, adding the figures represent a little slowdown but nothing that will materially show up in the results.

Sportsbook in the state posted near record numbers in November at $452.3 million. Wagers on football lead the numbers at $137.6 with basketball following at $124.7 million, according to the IGC November revenue report.

Ameristar’s sportsbook continues to lead the state brining in a handle of $148.5 million. Blue Chip Casino in Michigan City was the only other casino in the state reporting a sportsbook of more than $100 million, reporting a handle of $141.6 million in November, the report says.

Horseshoe Hammond’s sportsbook handle was $2.6 million. Hard Rock, which first launched its retail sportsbook in May and added online gaming Sept. 6, reported a handle of $6.4 million, after posting $10.1 million in wagers in October, its first full month with both retail and online sports gaming.

“It’s a new piece of business for us. We are still acquiring new customers,” Schuffert said.