Indiana casinos see small decline in revenue in September

Indiana casinos see small decline in revenue in September

The state’s gambling properties lost 1.3% of their August performances

September was a good month for Indiana casinos; however, not enough to surpass the numbers recorded for the previous month. According to a report shared by the state’s Gaming Commission, total casino revenue for last month was just over $194.7 million, which represents a month-over-month decrease from August.

The cumulative win for the ten casinos and two racinos in the state was $206.6 million, which is a slight drop from the $209.3 million achieved in August for a drop of 1.3%. When compared to June, a month that so far seems to have been one of the best for many casinos in the country, the drop is even larger. During that month, Indiana’s casino market topped $235 million, and like many casinos in other regions, it was the best month of the year for the state. July has also left a lot to talk about in the industry’s earnings, especially sports betting, as it managed to double its level of wagering from June.

According to the report, casinos also reported less revenue in free play. In September, free play revenue was $12.1 million, while in August, that figure was exceeded by $500,000 more. That being the case, the adjusted revenue gap narrowed to $1.3 million month-over-month, and that translates to a 0.6% decrease.

While there have been ups and downs, the Hoosier State continues to benefit greatly from the taxes collected. In September, a total of $39.6 million in taxes were collected, representing a 24.3% increase over August’s $31.8 million. Adding sports betting and supplementary taxes to the equation resulted in a much higher amount, even though there was a downward trend in September.

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