Sports News
| Published On Apr 16, 2024 8:23 am CEST | By Daniel Li

Indiana Sports Betting Handle Tops $500 Million

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A thorough overview of the gambling industry in the state is provided by the most recent report from the Indiana Gaming Commission, which includes information on tax receipts, wagering activity, and noteworthy contributions from businesses that have licenses.

The total amount of money won at casinos in March was $223.4 million. Of that amount, $38.7 million came from table games, while $184.7 million came from slots and other electronic gaming machines. Meanwhile, sports betting generated a healthy $500.8 million in handle, with Ameristar Casino topping the list with $186.5 million in bets.

Tax Revenues and Major Contributors

March witnessed a total of $72.4 million in tax revenues from gambling operations, sourced from various channels including supplemental taxes and taxable adjusted gross receipts (AGR). Notably, Hard Rock Casino Northern Indiana A emerged as the top revenue generator, contributing $9.5 million to the state’s coffers.

Examining the taxable AGR by establishment in further detail highlights the variety of Indiana’s gaming industry. Alongside more established sportsbooks like William Hill and Unibet, sports wagering sites like DraftKings, FanDuel, and BetMGM were crucial to revenue generating.

The study clarifies the important role that table games and electronic gaming devices (EGDs) play in generating income for businesses that hold licenses. Hard Rock Casino Northern Indiana and Horseshoe Hammond led the way in table game activity, and Caesars Southern Indiana and Horseshoe Indianapolis had strong EGD numbers.

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Daniel Li

A day trader in cryptocurrencies and avid sports bettor himself, Daniel decided to join the team and share his expertise with the iGaming.org audience. Areas of interest are global crypto regulations and the adoption of cryptocurrency use in the world. Daniel loves to work hard and write “how to guides” related to sports betting to share his take on various topics.