According to the Indiana Gaming Commission’s casino revenue report for March, the state generated $217.9 million in adjusted revenue from its 12 casinos. This is a 3.4% year-over-year decline, and deductions in March reduced the state’s taxable revenue to $211.4 million. Indiana collected $69 million in tax revenue from its casinos and another $65.4 million in wagering taxes. For the first nine months of the fiscal year, the state received a total of $484.4 million in taxes. Three of the state’s four heavy hitters posted year-over-year increases in casino revenue, with Hard Rock North Indiana in Gary leading the way with $38.2 million in revenue. Shelbyville’s Horseshoe Indianapolis and Caesars Southern Indiana in Elizabeth raked in $29.2 million and $23 million, respectively. However, these increases […]

According to data released by the New Jersey Division of Gaming Enforcement, Atlantic City’s nine casinos and three internet licensees collectively reported a 31.6% decline in operating profit in the fourth quarter of 2022. However, net revenues increased by 9.3% over 2021, exceeding $3.3 billion in 2022. The hotels’ occupancy rate went up to 73.4% in 2022 from 67.6% in 2021, and the average room rate increased from $172.88 to $177.89. Hard Rock Hotel & Casino Atlantic City was the only casino that posted double-digit percentage uptick in annual profits, with $128 million in 2022, a 19.8% increase from 2021. Other casinos posted varying trends, with Bally’s Atlantic City reporting an 85.7% increase in year-over-year GOP, while the Borgata Hotel Casino & Spa reported a […]

The New York State Gaming Commission has reported that online sports betting in New York continues to thrive, with a new monthly revenue record set in March 2023. New Yorkers wagered over $1.76 billion on sports during the month, which represents a 9% increase compared to the same period in 2022. Despite the monthly betting handle being slightly lower than the record, mobile sports betting operators reported a record combined revenue of $162.8 million, while the state set a new tax record of $83 million. FanDuel maintained its position as the market leader, accepting $740.1 million in wagers and reporting $79.6 million in revenues. This represents almost 49% of all revenues generated by mobile sports betting in New York. DraftKings was the next most popular […]