Sports betting in Indiana posts US$12 million in revenue

During January, sports betting in Indiana reached US$12 million in revenue with the Ameristar casino leading the way with a US$66 million handle.

US.- The sports betting segment continues to grow and Indiana has just shown it’s profiting from it. The latest state report revealed local casinos posted US$12 million in revenue during January.

The Indiana Gaming Commission published its Summary of Sports Wagering Tax and reported such results. 

According to the document, Ameristar Casino’s sportsbook was the most active. The DraftKings operated venue handled US$66 million and posted just over US$6 million revenue.

Blue Chip casino followed with US$49.5 million handle and US$2.8 million revenue. The third sports betting venue in Indiana was the Horseshoe Hammond (US$13.7M handle, US$1.8M revenue).

December results

Retail and online sports betting in Indiana surpassed the US$161 million figure in bets during December operations.

The US$161.8 million in bets represents a 10% increase from the US$147.3 million that the retail and online sportsbooks had generated the previous month. The sportsbooks also generated US$12 million in adjusted gross revenue from those bets, representing a 29% rise from the US$9.3 million in November.

“Indiana’s ascent to one of the largest markets in the country has been impressive by most any measure,” said Dustin Gouker, lead analyst for PlayIndiana. “The question for 2020 is whether Indiana can sustain its rate of expansion, especially as neighbouring states become more likely to legalise sports betting. That has already happened in Michigan, which could take a bite out of the handle at some of northern Indiana’s retail sportsbooks.”