Indiana
As inflation rises, Indiana casino revenue shrinks again
INDIANAPOLIS (AP) — Income from Indiana’s casinos fell for a second consecutive month in Might as inflation reached a brand new four-decade excessive and Hoosiers confronted ever-higher costs for fuel, meals and most different items.
Knowledge launched Friday by the Indiana Gaming Fee exhibits that statewide on line casino income after profitable bettors had been paid totaled $211.9 million for Might, an 8% lower in contrast with April’s determine.
The Occasions of Northwest Indiana stories Might’s decline got here after April’s win income fell 11% from March’s $235.2 million in statewide on line casino income. The decline in on line casino earnings largely tracks with the nation’s hovering inflation price and the top of assorted federal COVID-19 aid and financial stimulus packages.