Indiana Casino Revenues Up 2% to $199M in March

The Midwestern state of Indiana has released its gambling figures for March, revealing a 2% increase in revenues to $199 million, compared to the $195 million that was generated in the same month in 2015. Impressively, around two-thirds of the state’s 13 gambling venues reported improvements in their year-over-year results.
Despite the overall uptick in business, though, the 5 casinos located in Northwest Indiana actually reported a collective 0.6% drop in business last month to $89.57 million. On the positive side, Ameristar Casino was up 4.2% to $21.6 million versus the $20.19 million taken in March 2015. Likewise, Majestic Star was up 0.8% to $8.63 million; and Majestic Star II was also up by 2.9% to $6.31 million. On the flip side, Blue Chip experienced a roughly 0.3% drop in revenues to $14.4 million, while the Horseshoe Hammond saw its revenues plunge 7% to $38.6 million from $41.5 million a year earlier.
Meanwhile in Southern Indiana, Belterra generated 15.5% more revenues at $8.3 million; while Tropicana was up 8.6% to $10.9 million; Rising Star was up by 7.6% to $4.1 million; and French Lick was up 4.6% to $6.6 million. Business at the Hollywood Casino, on the other hand, remained largely flat at $16.1 million, while the Horseshoe Southern Indiana was down by 25% to $22.1 million.
Finally, Indiana’s two racinos both reported declines in their revenues, with the Indiana Grand Racing & Casino down 2.25% to $22 million in March; and Hoosier Park Racing & Casino lower by 0.5% to $18.771 million.
Indiana has had a casino industry from the mid-1990s onwards, although since 2012 it has added a further 11 casinos and racinos to its gambling offering. The industry is a valuable source of income for The Hoosier State, and has attracted millions of people from across state borders over the years, whilst channeling more than $11 billion in gambling taxes towards state coffers.

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