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Indiana hits $1bn in gambling tax revenue for the first time in a decade

For the first time in ten years, Indiana’s gambling taxes brought in more than $1 billion during the 2022 state budget year, according to data released this week. Between July 1, 2021, and June 30, 2022, the state government received $1.04 billion in gambling-related revenue, an increase of 8% over the $958.3 million received during the 2021 fiscal year.

Statewide casino revenues for the whole fiscal year, which lasted 12 months and ended on June 30, 2022, were $2.5 billion. This was an increase of 19% from the prior fiscal year. Land-based casinos, particularly the Hard Rock Northern Indiana site in Gary, helped to propel growth.

Greg Small, Executive Director of the Indiana Gaming Commission commented saying “After suffering negative pandemic-related effects in FY21, the gaming industry recovered in FY 22. The industry has broken revenue records nationwide, and Indiana casinos have seen significant year-over-year increases that have boosted Indiana’s tax revenue.”

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