{"id":32452,"date":"2023-03-14T07:49:33","date_gmt":"2023-03-14T15:49:33","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=32452"},"modified":"2023-03-22T05:14:29","modified_gmt":"2023-03-22T13:14:29","slug":"gambling-revenues-still-looking-up-mega-jottings","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/gambling-revenues-still-looking-up-mega-jottings\/","title":{"rendered":"Gambling revenues still looking up; Mega-Jottings"},"content":{"rendered":"\n
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Maryland<\/strong> aside, gambling revenues continue to trend upward. Even in Iowa<\/strong>, where they nudged only 1% higher from last year (undoubtedly due to new competition from Nebraska<\/strong>) but were high heavens (+38%) over 2019, aka<\/em> the good old days. Indian<\/strong>a’s gain was also a modest 1% from 2022 for a $199 million haul. Hard Rock Northern Indiana<\/strong> surged 9% to $34.5 million, while Horseshoe Hammond<\/strong>‘s decline slowed to 1.5%, bagging $28 million. Ameristar East Chicago<\/strong> slid 8% to $16.5 million and Blue Chip<\/strong> was up 4.5% to $11 million. To the south, Horseshoe Indianapolis<\/strong> galloped 8% faster, winning $26 million, while Harrah’s Hoosier Downs<\/strong> cantered +1.5% to $17.5 million. <\/p>\n\n\n\n

Best of the non-racinos (other than Horseshoe Hammond) was Caesars Southern Indiana<\/strong>, grossing $21.5 million for a 9.5% gain. Bally’s Evansville<\/strong> peaked at $14 million and a couple of its competitors got hit hard. Rising Star<\/strong> fell 20.5% to $3 million and Hollywood Lawrenceburg<\/strong> tumbled 14% to $13 million. Belterra Resort<\/strong> rounded out the unfortunates, down 7.5% to $6.5 million. French Lick Resort<\/strong> climbed 8.5% to $6.5 million, enabling us to end on a positive note.<\/p>\n\n\n\n\n\n\n\n

Hoosier State sports betting won $28 million for operators on handle of $356 million. FanDuel<\/strong> led the field with $13 million, trailed by DraftKings<\/strong> ($9 million), BetMGM<\/strong> ($3 million) and Caesars Sportsbook<\/strong> ($2 million). Luck was not with Barstool Sports<\/strong>, which barely made a nickel.<\/p>\n\n\n\n

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Missouri<\/strong> usually underperforms the Midwest but its casinos enjoyed an 8% jump last month. Revenues were $157 million. Ameristar St. Charles<\/strong> didn’t cede first place, grossing $25.5 million on a 9.5% climb. Neighboring Hollywood St. Louis<\/strong> surged 10% to $19 million, sister property River City<\/strong> was up 7% to $21 million and Horseshoe St. Louis<\/strong>‘ (above<\/em>) rebranding continued to show results, up 11% to $12.5 million. To the west, Bally’s Kansas City<\/strong> ($10 million, +12%) continued to take market share from everybody but Harrah’s Kansas City<\/strong> ($13 million, +14%). Argosy Riverside<\/strong> was flat at $14 million. Also becalmed was Ameristar Kansas City<\/strong>, which posted $16 million. Downstate, all casinos were revenue-positive, with Century Carurthersville<\/strong> up 2.5% to $4 million and Century Cape Girardeau<\/strong> jumping 11.5% to $6 million.<\/p>\n\n\n\n

Online sports betting winnings in New York State<\/strong> last month were $108 million on handle of $1.5 billion. Promotional amounts are undisclosed, so it’s impossible to know how much of the store is still being given away. FanDuel was again first with $54 million, then came DraftKings ($33 million) and erstwhile market leader Caesars Sportsbook, now with a mere $8 million. BetMGM also made $8 million, followed by PointsBet ($2 million) and BetRivers ($2 million). WynnBet<\/strong> and Resorts World<\/strong> only made a million between them, and BallyBet<\/strong> made nothing.<\/p>\n\n\n\n

Arizona<\/strong>, meanwhile, is only getting around to reporting December’s sports betting data, in which operators made $54 million on handle of $571.5 million. Free play and promos represented a $17 million giveaway. Although 17 brands are nominally operating in Arizona, only four appear viable at this point, with 13 small fry fighting over $7 million in revenue. FanDuel was yet again dominant with $21 million, followed (again) by DraftKings’ $13 million, BetMGM’s $11.5 million and Caesars Sportsbook’s $5 million. Barstool garnered $1 million and nobody else came close. And DraftKings loudmouth Matt Kalish<\/strong> should think twice before he trash-talks FanDuel again.<\/p>\n\n\n\n

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As Atlantic City<\/strong>‘s low-roller casinos fight for market share, one is being a George and the other a stiff. We are reliably informed that a frequent player got a $200 gift card from Bally’s Atlantic City<\/strong> but had her $50 Golden Nugget<\/strong> one revoked to $25. There was also no sauce on the pasta that she ordered. Is this the new austerity regime at the Nugget? As for Bally’s it’s still struggling to move Monkey Knife Fight<\/strong> merchandise, despite a 30% markdown. Bally’s Corp<\/strong>. may have written off the Monkey Knife Fight purchase but will long have t-shirts and tchotchkes to remind it of Lee Fenton<\/strong>‘s folly.<\/p>\n\n\n\n

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