Mobile Betting Contributes To Increased Sports Betting Revenues In Indiana

Mobile Betting Contributes To Increased Sports Betting Revenues In Indiana

Sports betting revenue in Indiana has jumped significantly in October, thanks to mobile wagering. According to the figures released by the Indiana Gaming Commission, the state’s sportsbooks took $92 million in wagers for October.

The total betting handle is nearly three times what the state saw in sports betting handle for September when it launched regulated sports betting operations. In September, Indiana sportsbooks reported a total betting handle of $35.2 million.

The increase in the betting handle is attributed largely to the launch of mobile sports betting operations. IN September the state had launched only in-person sports betting at brick and mortar gambling facilities.

However, in October, both DraftKings, which is working with Ameristar Casino in East Chicago, and Rush Street Interactive, which is working with French Lick Casino, launched mobile betting operations.

The state grossed nearly $1.1 million in tax revenue from sports betting operations in October up from $813,000 the state collected through wagering taxes in September.

While Ameristar casino topped the chart by generating the highest wagering total, with $46.2 million, the Horseshoe Hammond Casino near Chicago, grossed $10.7 million.

According to the figures released by the state gambling regulator, Indiana grossed $35,215,416 in the very first month of its legalized sports betting operations.

Indiana’s total taxable Adjusted Gross Revenue (AGR) was $8,558,974.

The state has 13 brick-and-mortar sportsbooks; however, the state has posted figures of 10 retail sports betting outlets.

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