- Over $3 billion has been wagered in Indiana since its sports betting market became regulated in 2019.
- Fifteen mobile sportsbooks and fifteen retail sportsbooks have opened since then, for a total of thirty outlets to bet on the games statewide.
- Total revenue from the start of the sports gaming industry has been tallied at $252,781,329.
INDIANAPOLIS – The Indiana sports betting industry is celebrating its two-year anniversary Saturday. On May 8, 2019, sports betting was signed into law by Governor Eric Holcomb. Almost four months later, on September 1, the first sportsbooks went live, officially putting Indiana on the sports gambling destination map.
In its first two years as a regulated sports gaming market, Indiana has grown exponentially. They are currently home to fifteen retail sportsbooks and fifteen mobile sports betting platforms.
By law, each land-based sports betting venue can open up to three different mobile sportsbooks apiece. This leaves a ton of room for growth in all areas of the industry for the state in the future.
What The Indiana Sports Betting Market Has Done In Two Years
Records for the figures brought in by the market are kept by the Indiana Gaming Commission (IGC). According to these reports, the total handle brought into Indiana since the industry’s launch comes in at over $3.14 billion.
The tax on revenue rate for all handle is set at 9.5% by law. Total revenue for the last two years brought in from Indiana sportsbooks has been posted at a sum of $252,781,329. Taxes collected from the market are seen as exceeding $24 million in two years.
An increase in handle and revenue for Indiana is expected as the sports betting market expands. Currently, Barstool Sportsbook is expected to enter the sports wagering industry of the Hoosier State in the coming months.
Upcoming Sporting Events To Wager On In Indiana
It comes as no surprise that residents in Indiana love basketball. It is actually one of the top sports in the state, almost equally as important as football. The NBA playoffs will begin on May 22, leaving sportsbooks to open up plenty of action for basketball fans in the Hoosier State. This postseason betting will go well into July when the NBA Finals begin, coming with wagers of its own.
After that, preseason NFL games will start and before fans know it, the Indianapolis Colts games will be airing every Sunday for even more betting action. Indiana will surely soar with its sports betting industry from now through the end of the year. And in between all of these basketball and football games is the 2021 Summer Olympics and their bets for fans to partake in.
As a sports bettor in Indiana, there is a lot of great betting lines to look forward to in the near future. Happy 2nd Anniversary to Indiana’s sports gaming market, it’s clear that the best has only just begun!
Christina has been writing for as long as she can remember and does dedicated research on the newly regulated sports betting market. She comes from a family of sports lovers that engage in friendly bets from time to time. During the winter months, you can find Christina baking cookies and beating the entire staff at Mario Kart…the N64 version of course.