Indiana gaming revenues drop in 2023

After the Indiana gaming industry’s rebound in FY22, statewide casino adjusted gross revenues fell by 2.48 per cent, from $2.42bn to $2.36bn in FY23.

Casino wagering and supplemental taxes for FY23 totaled $645.8m, down from $660m in FY22. Total state-wide casino win was $2.47bn, down 2.43 per cent from $2.53bn the year before.

The northern Indiana market saw a 5.2% decrease to $1.08 billion. The racinos also experienced a small 0.42 per cent decrease to $585m,while the southern Indiana market realised a slight 0.18 pr cent increase to $806m.

Sports wagering taxes were up 27 per cent, from $31.2m in FY22 to $39.6m in FY23. Indiana collected over $100m in sports wagering taxes from inception in September 2019 through the end of FY23. During this same period, handle, or total sports wagers, equaled approximately $12.5bn.