(Lawrenceburg, Ind.) - The southeast Indiana casino market has moved down a spot among the nation’s top gambling markets.
The American Gaming Association’s “2011 State of the States Survey of Casino Entertainment” report put southeast Indiana’s market at number 14 in 2010, just behind Reno, Nevada. The position is down a slot from 2009.
Combined, the three southeast Indiana casinos garnered $675.2 million in revenue last year, the fourth consecutive year that number has dropped.
Across the state, Indiana’s 13 casinos made revenue of $2.8 billion while attracting 26.5 million people in 2010.
Hoosier casinos were also a big employer. Commercial casinos provided 14,144 jobs in 2010, fifth most of any state, while paying wages totaling $494.75 million.
“Gaming companies are stable businesses, playing a key role in the broader economic landscape of both the national economy and their host communities,” said AGA CEO Frank Fahrenkopf. “There are few sectors of the U.S. economy that require such considerable capital expenditures, are as labor intensive, generate as significant a number of U.S.-based jobs and are supportive of thousands of outside vendors and suppliers as the commercial casino industry.”
As expected, Las Vegas, Nevada was first in the report’s rankings with $5.77 billion, followed by Atlantic City, New Jersey with $3.57 billion and the Chicago area with $2.06 billion.
The Cincinnati regional market could climb up the list once the new Horseshoe casino opens in downtown Cincinnati in 2013.
American Gaming Association State of the States Report - http://www.americangaming.org/survey/index.cfm