Indiana reports total win of $190.8m despite sports wagering AGR decrease
The report reflects handle and taxable AGR, with total win up 1.7% despite sports wagering AGR being down 32.1%.
The Indiana Gaming Commission has released its financial report for November 2023. Total win for the state in November was $190.8m, with $30.7m from sports wagering taxable adjusted gross revenue (AGR). This total win reflects a growth of 1.7% from this time last month, where total win was reported at $187.6m.
Total win from gaming operations in Indiana by month ($m) 250.00250.00 200.00200.00 150.00150.00 100.00100.00 50.0050.00 0.000.00 JuneJune JulyJuly AugustAugust SeptemberSeptember November
Total AGR was $172.3m, up 1.6% from this time last month. The biggest contributors to this total AGR was Horseshoe Indianapolis, Horseshoe Hammond and Hard Rock Casino Northern Indiana, earning $23m, $21.4m and $21.3m respectively. Rising Star Casino was the operator which generated the least towards the months total AGR, at $3.4m.
Notable increases from October in terms of total AGR came from Hard Rock Casino Northern Indiana, up 11.4% from the $19.1m generated last month. However, across the board there are both increases and decreases in total AGR, with five of the 12 operators reporting a decrease and seven reporting an increase
From last month, there has also been the introduction of two new table games, with total table win up to $36.7m from $34.3m. The number of slot machines has also increased, from 13,837 machines to 13,881.
On the sports wagering side of things, taxable AGR was down notably, from $45.2m in October to $30.7m in November. This reflects a decrease of 32.1%. Despite this handle saw an increase from last month, reporting $513.7m for a monthly increase of 19.5%.
This trend of decreased revenue but increased sports wagering handle has been noted in other US states. In November Maryland reported its highest sports wagering handle since last year at $550.7m, yet also reported a decrease in revenue of 45% from October.
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