Indiana sports betting revenue increases

  • The August revenue numbers for Indiana sports betting have been released and it shows an increase in both betting handle and revenue.
  • Indiana hit $169 million in sports wagers in August.
  • Indiana took in over $900,000 in revenue from sports wagering.

INDIANAPOLISThe August sports betting numbers have been released for Indiana and the results are favorable. With the return of sporting leagues, Indiana managed to garner a lot of traffic at its local sportsbooks.

Due to the coronavirus pandemic, the Hoosier State was forced to shut down many of its sports betting operations in the spring and early summer. Now with things somewhat back in full swing, Indiana sports bettors have been extremely active in placing wagers.

With the return of sports and many of the casino sportsbooks reopened, Indiana saw a major boom in sports betting activity.

Indiana Sports Betting Boom

The Indiana sports betting market suffered earlier in the year when in March all of the local sportsbooks were forced to suspend operations.

Slowly as sporting leagues returned, the Hoosier State began gaining sports betting revenue again with both online and retail from the select books that were reopened. In August specifically, Indiana managed to garner $169 million in betting handle.

The official sports wagering report shows that Indiana took in $934,313 in total sports betting tax revenue. The bulk of which came from the Ameristar Casino Sportsbook.

The East Chicago sports betting operation saw $465,125 in revenue from sports wagering. The wagers were mainly made on the NBA betting return and the MLB betting season.

The Blue Chip Casino Sportsbook had the second most Indiana sports betting revenue with $216,175 in sports wagering tax.

The boom continued with over $107,000 from the Hollywood Lawrenceburg, over $70,000 from the Belterra Casino, over $32,000 from the French Lick Resort sportsbook, and more than $26,000 from the Harrah’s Hoosier Park sportsbook.

The Indiana Grand sportsbook had the least in sports betting revenue at $16,941.

September is expected to be an even bigger boom in legal sports betting activity as the NBA postseason is well underway, the NHL playoffs also in full swing, revenue from the US Open, Kentucky Derby, and the continued MLB season will all be a factor.

In addition, more local sportsbooks like the Caesars Sothern Indiana, Horseshoe Hammond, Majestic Starr, and Rising Star Casino will be opened and accepting wagers.

Indiana sports betting is once again heading in a growing direction.

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