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 were not enough to prevent the state’s total revenue from dropping when compared to last year.

Indiana’s sportsbooks also took a hit, with March numbers showing a fifth consecutive month of year-over-year declines in handles. However, taxable revenue from sportsbooks grew during March. March Madness proved to be beneficial for Indiana sports bettors and operators, with Hoosiers wagering $433 million during the month and Indiana sports betting operators bringing in $42.8 million in revenue. The Hoosier state is currently home to 13 online operators and 14 retail locations.