10:54 p.m.: Casino moves closer to goal
By Barrett Newkirk
State gaming revenue for July was up less than $2 million from a year earlier despite $7.7 million from the two new racinos going into state accounts.
Brown attributed the change to shifting business due of the new venues and increased out-of-state gambling competition.
-----------
Tracks betting on slot players becoming horse fans
Slot machines are drawing more people to Indiana’s two parimutuel tracks — but track officials may face long odds in converting those gamblers into the horse racing fans needed to bolster the struggling industry. Early results from this year haven’t showed much crossover.
Hoosier Park’s average daily revenue during its recently concluded 71-day harness meet was $36,002 — a drop of more than $3,000 per day from last year’s 61-day meet. Indiana Downs in Shelbyville averaged $42,801 during its 54-day thoroughbred meet — a nearly $5,000-per-day drop from last year’s 48-day meet.
- The Associated Press
----------
July casino activity, all dollar amounts in millions
— Hoosier Park, Anderson: coin-in*: $200.9; adjusted gross revenue $17.0; taxes collected by state $4.3
— Indiana Live, Shelbyville: coin-in*: $161.9; adjusted gross revenue $13.9; taxes collected by state $3.5
* “Coin-in” refers to the total amount of money wagered, including winnings fed back into slot machines.