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2018 First Half Casino Revenues: Flooding Hurt Rising Star And Belterra, But Hollywood Benefited

Hollywood Casino still dominates the local gambling market. It was the only local casino to see an increase in revenue for the first six months of 2018, which totaled $86.2 million. That’s an increase of 1 percent over the first half last year. More dollars were collected despite a 1.9 percent decline in attendance to 697,311. In a first quarter results release from Hollywood Casino owner Penn National Gaming, the company cited a favorable result from the flooding – a nod that gamblers unable to go aboard Rising Star or Belterra casinos opted to visit the Lawrenceburg riverboat. The positive impact for Hollywood was pegged at $855,000. Regionally, the three local boats’ combined visits numbered 1.506 million, down 6.39 percent, from 2017’s first half. Despite fewer people gambling, the trio’s combined revenues of $162.8 million was virtually unchanged compared to last year at the halfway point – a sign that those visiting the casinos are gambling away more money. Looking statewide in Indiana, casino revenues increased 2.7 percent to $1.11 billion.

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