Hard Rock is Indiana’s Top Earning Casino for the 5th Consecutive Month

Hard Rock Atlantic City
Hard Rock Casino continues to be the pace-setter in the Hoosier State.

According to the data released by the Indiana Gaming Commission last Friday, Hard Rock was the highest earning casino in the state, beating out perennial topnotcher Horseshoe casino yet again.

For the fifth straight month, Hard Rock bettered the performance of Horseshoe Casino in terms of “win” or the revenue generated by the casino after paying off bettors’ winnings.

Hard Rock Tops Total Win from Slots and Table Games

IGC data revealed that Hard Rock had a total win of $31.6 million from slot machines and table games during the month of February 2022 which was a 4.7% increase from its January figures despite the previous month having three more calendar days. The amount was 12.8% better than Horseshoe’s February win of $28.7 million, which was up by 2.8% from the company’s January numbers.

Hard Rock generated a total of $52.5 million in table game wagers in February as compared to only $30.2 million at Horseshoe. Hard Rock nearly tripled Horseshoe’s Baccarat totals at $29.8 million to $10.4 million with wins of $4.1 million and $1.4 million, respectively. For the second straight month since opening, Hard Rock also bettered Horseshoe in slot machine play with $223.5 million versus Horseshoe’s total of $221.4 million for the month of February 2022.

Ameristar Casino Still Leads Indiana Sports Betting Industry

As usual, Ameristar Casino continues to be the top sports betting casino in the Hoosier State. IGC data showed that Ameristar generated a total of $121.5 million in betting handle for February 2022 which was nearly $20 million better than second-ranked Blue Chip. Both Ameristar and Blue Chip are partnered with the top sports betting companies in the United States with the former affiliated with Draft Kings and the latter with FanDuel.

East Chicago’s Ameristar also had slot machine and table game wins of $18.1 million in February 2022 which was 11.1% better than its January 2022 figures. On the other hand, Michigan City’s Blue Chip tallied $10.7 million in slot machine and table game wins for February 2022, also up by 11% on a month to month basis.

Statewide Win Almost Doubled Last Year’s Figures

Overall, the statewide casino win for February 2022 was $201.3 million which was a 5.9% increase from the previous month’s totals of $190 million. However, compared to the COVID-19 pandemic affected February 2021 numbers, it represented a increase of 48.5% or nearly double.

Indiana’s sports betting handle however, took a dive in February 2022 with a total of $409.1 million in total wagers. This was significantly lower than the January 2022 total of $500.1 million or a 22.3% drop. Industry experts however are confident that the Hoosier State will bounce back in March with the NCAA’s March Madness a bigger betting event in Indiana than the NFL’s Super Bowl.

Hard Rock Casino in Gary, Indiana to Open on May 14th

Hard Rock Atlantic City
Hard Rock International’s new land-based casino in Gary will open its doors to the public on May 14th. The announcement was made during Tuesday’s state Gaming Commission meeting.

Said Hard Rock International Chief Operating Officer John Lucas:

“We are extremely excited about the future in Indiana and working with the state, and the commission, and the local communities that we’ll be in. We anticipate a great partnership with Spectacle Entertainment, certainly [Spectacle Vice Chairman] Greg Gibson and I have worked very closely over the last year to move this thing forward. As Greg said, there’s certainly been a few speed bumps along the way, but we believe they’re behind us now.”

Few Speed Bumps

The most notable of the “speed bumps” Lucas was referring to was the filing of a case by the Indiana Gaming Commission against former chief executive officer and Spectacle Entertainment chair Rod Ratcliff for several acts of wrongdoings.

Among others, the IGC alleged that Ratcliff was part of a scheme to funnel corporate campaign funds to a congressional candidate in Indiana. Ratcliff was also accused of taking company money to fund his personal horse race betting account without reporting it, thus obstructing justice.

Ratcliff’s legal issues threatened to postpone the opening of the Hard Rock Gary casino because Hard Rock International and Spectacle Entertainment are partners in the project and in an upcoming casino known as Lucy Luck in Terre Haute. But after Ratcliff sold his Spectacle shares to Hard Rock and relinquished his gambling license, the IGC has given the project the green light to continue.

Important Projects for the City of Gary

IGC executive director Sarah Tait said that the conversion of the Gary casino from boat to land is an important project to the City of Gary and its people. Spectacle Entertainment vice chairman Greg Gibson said that the Gary casino project and the upcoming one in Terre Haute are worth half a billion dollars.

According to Gary mayor Jerome Prince, the construction of the Gary casino generated $52M in construction contracts awarded to Lake County companies, including $32M which went to contractors from Gary. Likewise, the construction of the casino has generated an extra 400 to 600 jobs in the city.

The Hard Rock in Indiana will be joining an already competitive casino market beyond the Illinois border within an hour’s drive from Chicago. It joins the Ameristar Casino in Eastern Chicago and and Horseshoe Hammond as entertainment and gaming options in the area.