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.
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