The Chicago Cubs historic World Series win has been wonderful for the city of Chicago as well as for the state of Illinois. However, it seems the win may have affected the casino earnings of neighboring state Indiana. The casinos located in the northwest portion of the state saw a 5% drop in revenues based on totals from October of last year, with insiders claiming the Cubs winning season made the gaming venues take a hit.
In total, the five casinos were able to earn $77.6 million in revenues for October. This was 5% less than the $80.72 million earned in October of 2015, based on figures reported by the Indiana Gaming Commission yesterday.
Horseshoe Hammond Casino General Manager and Senior Vice President Dan Nita stated that the entire area had baseball fever, from those who were die-hard Cubs fans to those who were just excited from the heat of the moment. According to Nita, the month of October had 15 days of playoffs with many taking place during the weekends. The weekends are the days for the gaming venues to see the most business.
Business on the weekend days would be normal until around 6pm in the evening when Nita said players would leave the gaming venues and head to other places to watch the baseball game. Others weighed in on the topic as well. Ameristar Casino General Manager Matt Schuffert, stated that when a Chicago sports team does well, the gaming venue is usually impacted negatively.
The only casino to be able to see a gain in revenues was the Majestic Star I located in Gary which earned $7.26 million. This was just over the $7.04 earned in October of last year. The Ameristar Casino saw only a slight loss of just under 2% with $17.8 million earned, less than the $18.14 million from last year.
The largest casino in the state, the Horseshoe, was able to earn $34.5 million for the month but this was a decline of around 5% year-on-year. The Blue Chip in Michigan City was down 4.6% with $13.1 million in earnings.