Indiana’s sports betting market is off to a strong start.
According to figures from the Indiana Gaming Commission (IGC), sportsbooks in the Hoosier State processed $35m in sports wagers in September, the first month of legal betting in Indiana.
In terms of revenue, Indiana’s sportsbooks held onto $8.5m which translates into a hold of 24%.
The state of Indiana collected $813,103 in sports betting taxes.
Breaking down the figures
Looking closer at the figures, Horseshoe Hammond, which is operated by Caesars Entertainment, was the most popular venue for bettors in Indiana. According to the figures, the Caesars venue took $9m in sports bets and generated $2.1m in revenue.
Penn National Gaming’s Ameristar Casino East Chicago was the second most popular sportsbook in September. The venue processed $5.4m in bets and generated $1.26m in betting revenue. The sportsbook at Hollywood Lawrenceburg, another Penn National venue, processed $5.2m in wagers and held onto $1.2m.
Harrah’s Hoosier Park was another popular venue, with the sportsbook processing $4.3m in wagers and holding onto $1.30m.
These were the only sportsbooks in Indiana that generated more than $1m in sports betting revenue.
It’s also important to remember, that the IGC gave a handful of operators the green light to offer online and mobile betting last week. As a result, Indiana’s sportsbooks could see a massive increase in betting handle and revenue in October.
Sports betting in Indiana
Indiana became the tenth state to legalize sports betting following the repeal of the Professional and Amateur Sports Protection Act (PASPA) in 2018.
Governor Eric Holcomb signed HB 1015 into law in May, legalizing land-based and state-wide mobile sports betting. Bettors can sign up for online sportsbook accounts remotely, from anywhere within the state.
On 1 September, Indiana’s sports betting market went live with the Ameristar Casino Hotel East Chicago, the Hollywood Casino & Hotel Lawrenceburg and Indiana Grand Racing & Casino launching land-based sportsbooks.
At the time of writing, 13 land-based sportsbooks and two online operators offer sports betting in the Hoosier State.
For an in-depth look at each state’s sports betting statistics check out our stats page.
