The most recent monthly revenue report from the Indiana Gaming Commission has shown that the state’s licensed sportsbooks received over $429.6 million in wagers in October. This represents a 6.3% increase from the previous month’s handle of $404.1 million and is the second highest reported handle of 2023. The highest handle for the year, $433 million, was recorded in March. However, October’s figure is also a 3.7% drop compared to the $446.2 million reported in October 2022.
So far this year, the sports betting handle in Indiana stands at just over $3.3 billion, with an all-time figure of $13.8 billion.
Ameristar Casino emerged as the leader in the Indiana sports betting market, reporting a handle of $172.7 million. The majority of this figure, over $170.8 million, came through the casino’s online partnership with DraftKings, while retail sports bets amounted to $1.9 million. Blue Chip Casino was a close competitor to Ameristar, reporting a total of over $147 million in wagers. The majority of this 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 retained its position as the market leader in retail sports betting, accepting over $2.5 million in wagers during October, well ahead of its closest competitor, Ameristar Casino.
In terms of revenue, the 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, bringing 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.
The author of the article, Ciaran McEneaney, is a gambling industry analyst with over a decade of experience working within the sports-betting, gambling, poker, and casino industry.
