Indiana Sports Betting Revenue

Each month, the Indiana Gaming Commission (IGC) releases a thorough revenue report detailing slot machine numbers and revenue and table games numbers and revenue. As of October 2019, this report also includes sports betting.

Each licensed sportsbook reports the following numbers:

  • Handle (The total amount of bets accepted)
  • Revenue (The sportsbooks’ earnings or the total amount remaining after paying winners)
  • Taxes (9.5% of adjusted gross revenues payable to the state)

All-time Indiana sports betting numbers

3634973300
Dollars of sports wagers

Total sports betting handle in IN history

291713697
Dollars of sports betting revenue

Total adjusted sports betting revenue in IN history

27712801
Tax dollars for the state

Total sports betting taxes to date for IN

Lifetime IN sports betting totals

Last updated: June 11, 2021

LicenseeOnline Brand(s)Total HandleOnline HandleRetail HandleRevenueTaxes (9.5%)
Ameristar East ChicagoDraftKings | theScore$1,519,639,461$1,412,950,218$106,689,243$108,276,161$10,286,235
Blue ChipFanDuel$996,145,428$961,384,246$34,761,182$76,328,070$7,251,167
BelterraBetMGM | BetWay$322,967,363$302,795,360$20,172,004$26,937,064$2,559,021
Hollywood LawrenceburgPointsBet | Barstool$261,846,960$108,589,614$153,257,347$29,849,786$2,835,729
Horseshoe HammondCaesars | Unibet$139,914,720$19,250,926$120,663,794$13,706,099$1,302,079
French LickBetRivers$140,207,774$129,801,588$10,406,186$9,772,469$928,385
Harrah's Hoosier Park$77,129,492$0$77,129,492$8,361,206$819,964
Indiana Grand$68,479,399$0$68,479,399$8,164,176$775,597
Tropicana EvansvilleWilliam Hill$71,675,236$45,370,603$26,304,633$6,722,642$638,651
Caesars Southern Indiana$32,099,872$0$32,099,872$2,941,250$279,419
Rising StarTwinSpires | WynnBet$4,867,593$3,129,124$1,738,470$384,773$36,553
Total$3,634,973,300$2,983,271,679$651,701,622$291,713,697$27,712,801

*Harrah’s Hoosier Park includes figures for Winner’s Circle OTBs in Indianapolis and New Haven.

**Indiana Grand includes figures for Winner’s Circle OTB in Clarksville

Monthly IN sports betting revenue reports

Here is a look at how each month of Indiana sports betting has gone, starting with the current month:

May 2021

LicenseeOnline Brand(s)Total HandleOnline HandleRetail HandleRevenueTaxes (9.5%)
Ameristar East ChicagoDraftKings / theScore$89,174,818$84,792,062$4,382,756$4,605,331$437,506
Blue ChipFanDuel$80,000,077$79,295,853$704,224$7,673,122$728,947
BelterraBetMGM / Betway$29,788,164$29,304,760$447,404$2,562,430$243,431
Hollywood LawrenceburgPointsBet / Barstool$26,084,407$17,632,903$8,451,505$2,013,013$191,236
Tropicana EvansvilleWilliam Hill$8,941,195$8,238,867$702,328$207,082$19,673
French Lick BetRivers$6,950,173$6,825,909$124,264$458,187$43,528
Horseshoe HammondUnibet / Caesars$4,354,210$1,311,791$3,042,419$329,182$31,272
Rising StarTwinSpires / WynnBet$1,067,307$989,986$77,322$83,792$7,960
Harrah's Hoosier Park$3,741,071$0$3,741,071$388,667$36,923
Caesars Southern Indiana$1,270,882$0$1,270,882$122,159$11,605
Indiana Grand$3,072,921$0$3,072,921$410,227$38,972
Hard Rock Northern$0$00$0$0
Total$254,445,226$228,392,131$26,017,096$18,853,192$1,791,053

April 2021

LicenseeOnline Brand(s)Total HandleOnline HandleRetail HandleRevenueTaxes (9.5%)
Ameristar East ChicagoDraftKings | theScore$87,631,485$82,437,019$5,194,466$7,136,527$677,970
Blue ChipFanDuel$67,628,249$67,090,674$537,575$5,708,014$542,261
BelterraBetMGM$31,377,566$30,932,736$444,830$3,100,499$294,547
Hollywood LawrenceburgPointsBet$18,717,214$10,287,400$8,429,814$2,178,860$206,992
Tropicana EvansvilleWilliam Hill$9,317,085$8,482,255$834,830$524,880$49,864
French LickBetRivers$7,490,581$7,260,939$229,642$385,283$36,602
Horseshoe HammondCaesars | Unibet$4,846,087$2,009,477$2,836,610$60,223$5,721
Indiana Grand$3,792,157$0$3,792,157$402,409$38,229
Harrah's$3,504,269$0$3,504,269$408,041$38,764
Caesars Southern Indiana$1,449,649$0$1,449,649$125,983$11,968
Rising StarTwinSpires | WynnBet$648,967$570,480$78,486$48,457$4,603
Total$236,403,308$209,070,980$27,332,328$20,079,176$1,907,522

March 2021

LicenseeOnline Brand(s)Total HandleOnline HandleRetail HandleRevenueTaxes (9.5%)
Ameristar East ChicagoDraftKings | theScore$120,414,215$114,224,535$6,189,680$9,177,459$871,859
Blue ChipFanDuel$92,409,340$91,260,954$1,148,386$6,932,373$658,575
BelterraBetMGM$40,237,180$39,432,282$804,898$3,729,561$354,308
Hollywood LawrenceburgPointsBet$23,984,447$13,143,104$10,841,343$3,318,480$315,256
Tropicana EvansvilleWilliam Hill$10,765,468$9,523,019$1,242,449$1,187,993$112,859
French LickBetRivers$9,794,400$9,159,690$634,710$868,617$82,519
Horseshoe HammondCaesars | Unibet$6,158,528$2,364,067$3,794,462$41,324$3,926
Indiana Grand$5,278,686$0$5,278,686$599,772$56,978
Harrah's$5,024,768$0$5,024,768$391,563$37,198
Caesars Southern Indiana$2,410,546$0$2,410,546$48,985$4,654
Rising StarBetAmerica$240,183$76,686$163,496$54,511$5,179
Total$316,717,762$279,184,337$37,533,425$26,350,639$2,503,311

February 2021

LicenseeOnline Brand(s)Total HandleOnline HandleRetail HandleRevenueTaxes (9.5%)
AmeristarDraftKings | theScore$114,951,758$110,098,240$4,853,518$4,225,113$401,386
Blue ChipFanDuel$71,544,562$70,911,646$632,915$4,955,336$470,757
BelterraBetMGM$33,639,852$33,013,203$626,649$2,240,748$212,871
Hollywood LawrenceburgPointsBet$21,606,233$11,322,078$10,284,155$2,161,900$205,380
French LickBetRivers$7,864,285$7,470,268$394,016$539,843$51,285
Tropicana EvansvilleWilliam Hill$7,211,619$5,633,525$1,578,094$561,271$53,321
Horseshoe HammondCaesars | Unibet$6,623,448$2,478,041$4,145,407$936,406$88,959
Harrah's$4,036,965$0$4,036,965$387,639$36,826
Indiana Grand$3,828,570$0$3,828,570$471,791$44,820
Caesars Southern Indiana$2,370,098$0$2,370,098$467,361$44,399
Rising StarBetAmerica$215,683$100,555$115,128$8,497$807
Total$273,893,073$241,027,556$32,865,517$16,955,904$1,610,811

January 2021

LicenseeOnline Brand(s)Total HandleOnline HandleRetail HandleRevenueTaxes (9.5%)
AmeristarDraftKings | theScore$134,411,121$124,804,469$9,606,652$10,734,942$1,019,819
Blue ChipFanDuel$90,550,502$89,240,067$1,310,435$6,159,428$585,146
BelterraBetMGM$57,017,119$52,423,923$4,593,197$5,010,400$475,988
Hollywood LawrenceburgPointsBet$26,836,024$13,456,598$13,379,426$3,210,072$304,957
French LickBetRivers$9,839,725$9,038,825$800,900$884,002$83,980
Horseshoe HammondCaesars | Unibet$9,630,461$2,233,308$7,397,153$927,381$88,101
Tropicana EvansvilleWilliam Hill$7,249,670$5,136,765$2,112,905$760,051$72,205
Indiana Grand$4,847,618$0$4,847,618$812,954$77,231
Harrah's$4,634,872$0$4,634,872$703,018$66,787
Caesars Southern Indiana$2,949,142$0$2,949,142$276,803$26,296
Rising StarBetAmerica$278,422$171,253$107,169$26,427$2,511
Total$348,244,676$296,505,207$51,739,469$29,505,479$2,803,021

2020 Revenue

December 2020

PropertyHandleOnline HandleRetail HandleTotal RevenueState Tax (9.5%)
Total$313,112,473$263,072,904$50,039,569$24,131,284$2,292,472
Ameristar (DraftKings, theScore)$125,036,349$115,522,028$9,514,321$6,888,707$654,427
Blue Chip (FanDuel)$80,063,263$78,155,241$1,908,022$7,275,210$691,145
Belterra (BetMGM)$45,717,450$40,983,964$4,733,487$2,312,534$219,691
Hollywood Lawrenceburg (PointsBet)$23,407,102$11,396,776$12,010,327$3,319,669$315,369
French Lick (BetRivers)$11,614,525$10,606,542$1,007,983$756,670$71,884
Horseshoe Hammond (Caesars, Unibet)$9,283,839$2,038,927$7,244,911$1,177,915$111,902
Tropicana Evansville (William Hill)$5,789,095$4,159,818$1,629,277$915,496$86,972
Harrah's$4,897,505$0$4,897,505$605,937$57,565
Indiana Grand$4,426,755$0$4,426,755$680,967$64,692
Caesars Southern Indiana$2,554,968$0$2,554,968$162,066$15,396
Rising Star (BetAmerica)$321,622$209,608$112,013$36,113$3,431

November 2020

CasinoHandleOnline HandleRetail HandleRevenueTaxes (9.5%)
Total$251,403,994$213,687,912$37,716,082$25,328,161$2,406,175
Ameristar (Draftkings, theScore)$103,687,824$97,370,965$6,316,860$8,382,499$796,337
Blue Chip (FanDuel)$65,953,899$64,191,496$1,762,403$8,088,873$768,443
Belterra (BetMGM)$26,195,736$25,326,955$868,781$2,278,362$216,444
Hollywood Lawrenceburg (PointsBet)$21,509,522$9,909,485$11,600,037$2,529,306$240,284
French Lick Resort (BetRivers)$10,945,519$10,319,202$626,317$679,745$64,576
Horseshoe Hammond (Caesars, Unibet)$7,281,136$2,379,222$4,901,914$1,116,493$106,067
Tropicana Evansville (William Hill)$5,530,411$4,046,457$1,483,954$838,287$79,637
Harrah's Hoosier Park$4,449,323$-$4,449,323$512,238$48,663
Indiana Grand$3,623,587$-$3,623,587$502,612$47,748
Caesars Southern Indiana$1,934,544$-$1,934,544$360,051$34,205
Rising Star (BetAmerica)$292,493$144,130$148,362$39,696$3,771

October 2020

CasinoHandleOnline HandleRetail HandleRevenueTaxes (9.5%)
Total$230,932,251$193,031,44037,900,812$21,098,460$2,004,354
Ameristar (DraftKings, theScore Bet)$97,473,595$91,936,937$5,536,659$7,896,157$750,135
Blue Chip (FanDuel)$65,619,083$63,589,991$2,029,093$6,321,904$600,581
Belterra (BetMGM)$20,928,487$20,069,843$858,645$1,889,869$179,538
Hollywood Lawrenceburg (PointsBet)$18,549,115$7,067,247$11,481,868$1,946,765$184,943
French Lick Resort (BetRivers)$8,404,251$7,801,222$603,028$670,308$63,679
Horseshoe Hammond (Caesars, Unibet)$6,444,740$2,227,195$4,217,165$614,501$58,378
Indiana Grand$4,481,740N/A$4,481,740$630,929$59,938
Harrah's Hoosier Park$4,139,689N/A$4,139,689$476,954$45,311
Caesars Southern Indiana$2,401,967N/A$2,401,967$362,809$34,467
Tropicana Evansville (William Hill)$2,194,555$149,897$2,044,658$265,607$25,233
Rising Star (BetAmerica)$295,408$189,108$106,300$22,658$2,153

September 2020

CasinoHandleOnline HandleRetail HandleRevenueTaxes (9.5%)
Total $207,450,106$173,170,386$34,279,720$14,283,702$1,356,952
Ameristar (DraftKings, theScore Bet)$95,056,265$89,825,567$5,230,669$5,533,790$525,710
Blue Chip (FanDuel)$57,696,201$56,507,126$1,189,074$3,342,056$317,495
Hollywood Lawrenceburg (PointsBet)$16,055,246$6,196,439$9,858,806$2,259,044$214,609
Belterra (BetMGM)$13,893,605$13,190,060$703,545$1,421,068$135,001
French Lick Resort (BetRivers)$6,625,020$6,243,220$381,799$443,302$42,114
Horseshoe Hammond (Caesars, Unibet)$5,193,243$1,119,147$4,074,096$0$0
Harrah's Hoosier Park$4,047,959N/A$4,047,959$500,574$47,555
Indiana Grand$5,004,782N/A$2,166,142$611,664$51,108
Caesars Southern Indiana$2,047,189N/A$2,047,180$0$0
Tropicana Evansville $1,668,146N/A$1,668,146$155,820$14,803
Rising Star (BetAmerica)$162,459$88,832$73,627$16,384$1,556

August 2020

CasinoHandleOnline HandleRetail HandleRevenueTaxes (9.5%)
Total$169,018,238$143,900,567$25,117,671$9,834,881$934,314
Ameristar (DraftKings)$78,646,658$73,701,146$4,945,512$4,896,049$465,125
Blue Chip (FanDuel)$50,751,375$50,057,516$693,859$2,275,530$216,175
Hollywood Lawrenceburg (PointsBet)$11,720,382$4,783,206$6,937,176$1,129,449$107,298
Belterra (BetMGM)$9,903,467$9,387,161$516,306$743,982$70,678
French Lick Resort (BetRivers)$5,107,678$5,005,798$101,880$5,107,678$32,023
Horseshoe Hammond$3,589,353$902.246$2,687,106$0$0
Harrah's Hoosier Park**$3,500,365N/A
$3,500,365$0$26,073
Indiana Grand***$2,577,860N/A$2,577,860$0$16,941
Caesars Southern Indiana$1,590,272N/A
$1,590,272$0$0
Tropicana Evansville$1,517,254N/A$1,517,254$0$0
Rising Star$113,574$63,494$50,079$0$0

July 2020

CasinoHandleOnline HandleRetail HandleRevenueTaxes (9.5%)
Total$70,876,622$64,381,626$6,494,996$6,658,465$632,554
Ameristar (DraftKings)$34,022,029$32,863,948$1,158,081$3,072,874$291,923
Blue Chip (FanDuel)$24,468,974$24,222,577$246,397$2,520,320$239,430
Hollywood Lawrenceburg (PointsBet)$3,789,448$1,103,867$2,685,581$456,754$43,392
Belterra (BetMGM)$3,647,366$3,522,336$125,030$410,872$39,033
French Lick Resort (BetRivers)$2,702,634$2,668,898$33,736$197,645$18,776
Horseshoe Hammond$903,626N/A$757,628$0$0
Caesars Southern Indiana$420,658N/A
$420,658$0$0
Harrah's Hoosier Park**$324,042N/A
$324,042$0$0
Tropicana Evansville$292,118N/A$292,118$0$0
Indiana Grand***$234,605N/A$234,605$0$0
Rising Star$71,123$18,297$52,826$0$0

June 2020

CasinoHandleRetail HandleOnline HandleRevenueTaxes (9.5%)
Total$29,783,580$634,486$29,149,094$2,922,108$277,601
Ameristar (DraftKings)$18,430,006$190,921$18,239,086$1,755,157$1,66,740
Blue Chip (FanDuel)$7,900,687$33,171$7,867,516$878,755$83,482
French Lick Resort (BetRivers)$1,349,570$13,118$1,336,452$160,220$15,221
Belterra (BetMGM)$1,141,097$17,087$1,124,010$127,975$12,158
Hollywood Lawrenceburg (PointsBet)$844,344$323,968$520,376$0$0
Horseshoe Hammond$54,945$21,502N/A$0$0
Rising Star$34,384$6,172$28,212$0$0
Tropicana Evansville$28,547$28,547N/A$0$0
Harrah's Hoosier Park**$0$0N/A
$0$0
Indiana Grand***$0$0N/A$0$0
Caesars Southern Indiana$0$0N/A
$0$0

May 2020

CasinoHandleOnline HandleRetail HandleRevenueTaxes (9.5%)
Total$37,334,940$37,334,940$0$3,179,968$302,097
Ameristar Casino (DraftKings)$20,132,953$20,132,953$0$1,826,693$173,536
Blue Chip Casino (FanDuel)$12,271,816$12,271,816$0$1,063,474$101,030
French Lick Resort (BetRivers)$2,396,529$2,396,529$0$175,591$16,681
Belterra Casino (BetMGM)$1,501,998$1,501,998$0$114,210$10,850
Hollywood Lawrenceburg (PointsBet)$986,258$986,258$0$0$0
Rising Star Casino (BetAmerica)$37,323$37,323$0$0$0
Horseshoe Hammond (Caesars)$8,063$8,063$0$0$0
Caesars Southern Indiana$0$0$0$0$0
Harrah's Hoosier Park$0$0$0$0$0
Indiana Grand$0$0$0$0$0
Majestic Star$0$0$0$0$0
Majestic Star II$0$0$0$0$0
Tropicana Evansville$0$0$0$0$0

April 2020

CasinoHandleRetail HandleOnline HandleRevenueTaxes (9.5%)
Total$26,304,128$0$26,304,128$1,559,884$148,189
Ameristar (DraftKings)$13,649,514$0$13,649,514$957,962$91,006
Blue Chip (FanDuel)$9,715,664$0$9,715,664$427,122$40,577
French Lick Resort (BetRivers)$2,067,231$0$2,067,231$116,284$11,047
Horseshoe Hammond$0$0N/A$0$0
Hollywood Lawrenceburg (PointsBet)$449,638$0$449,638$0$0
Belterra (BetMGM)$418,195$0$418,195$58,516$5,559
Harrah's Hoosier Park**$0$0N/A
$0$0
Indiana Grand***$0$0N/A$0$0
Caesars Southern Indiana$0$0N/A
$0$0
Tropicana Evansville$0$0N/A$0$0
Rising Star (BetAmerica)$3,886$0N/A$0$0

March 2020

CasinoHandleRetail HandleOnline HandleRevenueTaxes (9.5%)
Total$74,818,802$14,153,756$60,665,046$5,495,640$522,085
Ameristar (DraftKings)$35,213,890$2,126,435$33,087,455$2,659,101$252,615
Blue Chip (FanDuel)$22,282,365$693,011$21,589,354$151,393$151,393
French Lick Resort (BetRivers)$3,677,470$81,343$3,596,127$327,456$31,108
Horseshoe Hammond$3,439,690$3,439,690N/A$0$0
Hollywood Lawrenceburg (PointsBet)$2,897,166$2,897,166$334,237$245,089$23,283
Belterra (BetMGM)$2,300,563$242,689$2,057,873$316,833$30,099
Harrah's Hoosier Park**$1,768,079$1,768,079N/A
$134,390$12,767
Indiana Grand***$1,668,531$1,668,531N/A$219,159$20,820
Caesars Southern Indiana$800,758$800,758N/A
$0$0
Tropicana Evansville$594,036$594,036N/A$0$0
Rising Star$176,253$176,253N/A$0$0

February 2020

CasinoHandleRetail HandleOnline HandleRevenueTaxes (9.5%)
Total$187,186,223$41,292,890$145,893,333$11,092,752$1,053,811
Ameristar (DraftKings)$79,971,894$5,861,618$74,110,276$6,048,266$574,585
Blue Chip (FanDuel)$65,935,858$2,102,623$63,833,235$2,060,159$195,715
Horseshoe Hammond$12,391,845$12,391,845N/A$1,077,758$102,387
French Lick Resort (BetRivers)$8,054,464$387,656$7,666,808$375,898$35,710
Hollywood Lawrenceburg$6,803,081$6,803,081N/A$462,605$43,948
Harrah's Hoosier Park**$4,510,204$4,510,204N/A
$270,938$25,739
Indiana Grand***$4,469,396$4,469,396N/A$517,172$49,131
Caesars Southern Indiana$2,215,524$2,215,524N/A
$149,602$14,212
Tropicana Evansville$1,563,318$1,563,318N/A$96,175$9,137
Belterra$934,292$864,230$70,061$34,179$3,247
Rising Star$336,347$123,393$212,953$0$0

January 2020

CasinoHandleRetail HandleOnline HandleRevenueTaxes (9.5%)
Total$170,813,253$47,440,408$116,372,845$12,861,014$1,221,797
Ameristar (DraftKings)$73,037,356$7,043,817$65,701,840$6,015,379$571,461
Blue Chip (FanDuel)$52,211,849$2,692,197$49,519,651$2,16,079$267,527
Horseshoe Hammond$13,705,355$13,705,355N/A$1,804,756$171,452
French Lick Resort (BetRivers)$8,303,666$533,634$770,033$604,332$57,412
Hollywood Lawrenceburg$7,736,943$7,736,943N/A$529,514$50,304
Harrah's Hoosier Park**$5,192,810$5,192,810N/A
$325,873$30,958
Indiana Grand***$4,991,793$4,991,793N/A$349,106 $33,165
Caesars Southern Indiana$2,395,735$2,395,735N/A
$160,711$15,268
Tropicana Evansville$1,999,848$1,999,848N/A$198,645$18,871
Belterra$934,724$934,724N/A$56,619$5,379
Rising Star$303,174$213,552$89,622$0$0

2019 Revenue

December 2019

CasinoHandleRetail Sports Betting HandleMobile Sports Betting HandleRevenue*Taxes (9.5%)
Total$147.27 million$51.07 million$96.21 million$9.29 million$883,361
Ameristar (DraftKings)$72.07 million$7.99 million$64.08 million$4.32 million$410,048
Belterra$920,344$920,344N/A$88,024$8,362
Blue Chip (FanDuel)$28.19 million$4.47 million$23.73 million$1.98 million$188,170
Caesars Southern Indiana$1.41 million$1.41 millionN/A
$84,310$8,009
French Lick Resort (BetRivers)$9.63 million$1.24 million$8.39 million$487,429$46,306
Harrah's Hoosier Park**$6.97 million$6.97 millionN/A
$463,958$44,076
Hollywood Lawrenceburg$8.78 million$8.78 millionN/A$861,360$81,829
Horseshoe Hammond$12.96 million$12.96 millionN/A$671,826$63,823
Indiana Grand***$4.19 million$4.19 millionN/A$199,083$18,913
Tropicana Evansville$2.01 million$2.01 millionN/A$125,452$11,918
Rising Star$110,300$110,300N/A$20,076$1,907

November 2019

CasinoHandleRetail Sports Betting HandleMobile Sports Betting HandleRevenue*Taxes (9.5%)
Total$147.27 million$51.07 million$96.21 million$9.29 million$883,361
Ameristar (DraftKings)$72.07 million$7.99 million$64.08 million$4.32 million$410,048
Belterra$920,344$920,344N/A$88,024$8,362
Blue Chip (FanDuel)$28.19 million$4.47 million$23.73 million$1.98 million$188,170
Caesars Southern Indiana$1.41 million$1.41 millionN/A
$84,310$8,009
French Lick Resort (BetRivers)$9.63 million$1.24 million$8.39 million$487,429$46,306
Harrah's Hoosier Park**$6.97 million$6.97 millionN/A
$463,958$44,076
Hollywood Lawrenceburg$8.78 million$8.78 millionN/A$861,360$81,829
Horseshoe Hammond$12.96 million$12.96 millionN/A$671,826$63,823
Indiana Grand***$4.19 million$4.19 millionN/A$199,083$18,913
Tropicana Evansville$2.01 million$2.01 millionN/A$125,452$11,918
Rising Star$110,300$110,300N/A$20,076$1,907

October 2019

CasinoHandleRetail Sports Betting RevenueTotal Sports Betting RevenueTaxes (9.5%)
Total$35,215,416$8,558,974 $8,558,974 $813,103
Ameristar$5,411,479$1,275,909 $1,275,909 $121,211
Belterra Casino$709,219$133,352$133,352$12,668
Blue Chip Casino$3,870,797$957,470 $957,470 $90,960
French Lick Resort Casino$939,222$217,523 $217,523 $20,665
Harrah's Hoosier Park*$4,334,907$1,299,012 $1,299,012 $123,406
Hollywood Casino Lawrenceburg$5,227,776$1,235,801 $1,235,801 $117,401
Horseshoe Southern Indiana$1,051,750$293,348 $293,348 $27,868
Horseshoe Hammond$8,980,989$2,080,417 $2,080,417 $197,640
Indiana Grand Casino**$3,621,627$764,908$764,908$72,667
Tropicana Evansville$1,067,650$301,231 $301,231 $28,617
Majestic Star CasinoN/AN/AN/AN/A
Majestic Star II N/AN/AN/AN/A
Rising Star Casino ResortN/AN/AN/AN/A

Initial sports betting revenue projections

The IGC hired Eilers & Krejcik Gaming, a leading research and gaming consulting firm to analyze the potential for legal and regulated sports betting in Indiana. The report was used as information as the bill legalizing sports betting was debated in the Assembly during the 2018 legislative session.

The report forecasts retail and mobile sports betting revenue, as well as the economic impact of sports betting on the state.

Several factors were analyzed to formulate the projections, including:

  • Various gaming markets – both domestic and international
  • The regulated gambling market in Indiana
  • Indiana’s current economy
  • Survey of area residents

Additionally, the projections assume the following from bill H1325 from the 2018 legislative session:

  • Licenses limited to the 13 Indiana commercial casinos
  • Retail and mobile betting would be available
  • There would be an initial license fee of $75,000 plus a $5,000 annual administrative fee
  • Online sportsbooks would pay a $10,000 initial license fee plus a $5,000 annual fees
  • A flat 9.25% tax rate on gross sports betting revenue

Most of what was in the original bill made it to the final version and ultimately to the sports betting regulations.

There is one major difference in the licensing fees, however. Currently, there is an initial $100,000 license fee with a required $50,000 annual renewal payment. The tax rate was fixed at 9.5%.

The projections for the first five years of Indiana sports betting:

 Retail Sports Betting RevenueMobile Sports Betting RevenueTotal Sports Betting Revenue
Year 1$30.1 million$26.1 million$56.2 million
Year 2$90.1 million$78.4 million$168.5 million
Year 3$120.2 million$104.4 million$224.6 million
Year 4$108.1 million$135.8 million$243.9 million
Year 5$102.1 million$154.0 million$256.1 million

The predictions account for market maturity in Year 3 and sports betting to be legalized in neighboring states soon. Legalization in neighboring states is important because Indiana is likely to draw out-of-state bettors across state lines to place bets. The impact of that increases with the growth of mobile sports betting.

Luckily for Indiana, a retail-only sports betting market isn’t realistic. The report indicated that a retail-only market would peak after three years and only earn about 46% of a combined retail and mobile betting market. The state has taken the advice to heart, offering a growing number of online betting options.