The Indiana Gaming Commission has released its latest monthly revenue report revealing that the state’s licensed sportsbooks accepted just over $429.6 million in wagers throughout the month of October.
The latest figures represent an increase of of 6.3% from the previous month’s reported handle of $404.1 million and the second highest handle reported in 2023. The year’s highest sports betting handle of $433 million was recorded in March. October’s figure was also a 3.7% drop compared to the $446.2 million reported in October 2022.
Sports betting handle for the year so far now stands at just over $3.3 billion while the all-time figure is now $13.8 billion.
Historical Sports Handle, Revenues & Taxes in Indiana
PeriodTotal HandleMobile HandleMobile Handle %Sportsbook RevenueWin %State Taxes
Jan 2023$427,154,794$397,881,60793.15%$36,458,3328.54%$3,463,542Feb 2023$356,187,759$333,801,57893.72%$27,683,8167.77%$2,785,304Mar 2023$433,022,775$404,044,44193.31%$42,842,5729.89%$4,070,044Apr 2023$321,404,737$303,450,74894.41%$29,413,4659.15%$2,794,279May 2023$283,436,395$268,296,11694.66%$33,778,06311.92%$3,208,915Jun 2023$224,070,051$212,794,43894.97%$19,455,4698.68%$1,848,270Jul 2023$203,788,074$193,089,88494.75%$23,257,76511.41%$2,209,488Aug 2023$238,079,855$223,753,62493.98%$23,539,7849.89%$2,236,280Sep 2023$404,141,002$383,753,79394.96%$41,072,66810.16%$3,972,181Oct 2023$429,673,062$412,141,99295.91%$45,232,50210.53%$4,297,088Totals$3,320,958,504$3,133,008,22194.38%$322,734,4369.79%$30,885,391
Ameristar and DraftKings Lead the Market
Ameristar Casino was the Indiana sports betting market leader reporting a handle of $172.7 million. Of that total figure, over $170.8 million came through the casino’s online partnership with DraftKings. Retails sports bets came to $1.9 million.
Blue Chip Casino was Ameristar’s closest competitor as the casino reported accepting just over $147 million in wagers. Of that figure, $146.4 million came through the casino’s online partnership with FanDuel while $625k in wagers came through the casino’s retail sportsbook.
Horseshoe Hammond continued as the outright market leader in retail sports betting as the casino accepted over $2.5 million in wagers during October. This was well ahead of its nearest competitor Ameristar Casino.
Aggregated Gross Revenue (AGR) for the month came to $45.2 million, the highest reported AGR total for 2023. This resulted in state taxes of just $4.2 million, another record for the year. This brings the year-to-date tax total to $30.8 million.
Football was the most popular sport at Indiana sportsbooks with $153.3 million wagered on the sport throughout the month.
Ciaran McEneaney Gambling industry analyst with over a decade of experience working with some of the biggest names in the sports-betting, gambling, poker & casino industry.
John Sommers is a distinguished figure in the world of gambling expertise, known for his deep knowledge and insightful analysis of the gaming industry. As a seasoned author, he has contributed extensively to the reputable gambling news site, TwinCasinos, focusing on providing valuable insights to English-speaking gamblers worldwide.
With a career spanning over a decade, John has honed his expertise in various aspects of gambling, from strategic gameplay to industry trends and regulatory developments. His articles are revered for their blend of comprehensive research, astute observations, and a knack for demystifying complex concepts for both novice and seasoned players.
Beyond his writing prowess, John has established himself as a trusted authority, often sought after for his expert commentary on the ever-evolving landscape of the casino and betting industry. His passion for responsible gambling and commitment to ensuring players make informed choices are evident in his work, making him a beacon of integrity in an industry that demands such values.
Whether you’re a casual gambler or a dedicated enthusiast, John Sommers’ contributions to TwinCasinos promise to be an invaluable resource for navigating the dynamic world of gambling.
Latest posts by John Sommers (see all)
Recent Comments