SEI Casino Market Falls To 17th In Nation
(Lawrenceburg, Ind.) – A report shows southeast Indiana riverboats have had declining revenues each of the past five years.
The American Gaming Association’s annual “State of the States” report ranks the southeast Indiana market made up of riverboats in Lawrenceburg, Rising Sun, and Vevay at 17th in the nation with $625.4 million in revenues.
The local market’s ranking was down three spots from 2011. In 2008, the southeast Indiana ranked 12th nationally with nearly $800 million in revenue.
Indiana was the third highest revenue state behind only Nevada and New Jersey with 13 Hoosier casinos totaling $2.721 billion in revenue in 2011. The state’s casinos had more than 25 million visitors last year.
The report states the commercial casino industry in Indiana employed 14,079 people at the state’s 13 casinos last year, 0.5 percent fewer than 2010. Those employees had combined wages of $459.30 million.
The top three gaming markets in the nation in 2011 were – not surprisingly – Las Vegas ($6.069 billion), Atlantic City ($3.318 billion), and Chicagoland in Illinois and northwest Indiana ($1.934 billion).
The report also said 2012 public opinion polling showed 81 percent of Americans view casino gaming as acceptable for themselves or others. Sixty percent agreed that the casino industry is very or somewhat important to the overall travel industry.
The full American Gaming Association report can be found at http://www.americangaming.org/files/aga/uploads/docs/sos/aga_sos_2012.pdf.