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
Total sports betting handle in IN history
Total sports betting revenue in IN history
Total sports betting taxes to date for IN
Revenue for Indiana sports betting by operator since launch
Last updated: Jan. 15, 2020
| Casino | Total Handle | Mobile Sports Betting Handle | Retail Sports Betting Handle | Total Sports Betting Revenue | Taxes (9.5%) |
|---|---|---|---|---|---|
| Total | $274,189,724 | $144,219,695 | $123,821,921 | $29,396,059 | $2,792,624 |
| Ameristar | $123,651,974 | $103,458,641 | $20,193,333 | $10,617,830 | $1,008,693 |
| Blue Chip Casino | $38,995,739 | $26,101,670 | $12,894,069 | $3,841,535 | $364,946 |
| Horseshoe Hammond | $32,625,920 | N/A | $32,625,920 | $4,468,073 | $424,467 |
| Hollywood Casino Lawrenceburg | $20,940,563 | N/A | $20,940,563 | $3,204,229 | $304,401 |
| French Lick Resort Casino | $17,630,972 | $14,659,384 | $2,971,587 | $1,259,605 | $119,663 |
| Harrah's Hoosier Park* | $17,465,932 | N/A | $17,465,932 | $2,816,539 | $267,571 |
| Indiana Grand Casino** | $11,578,648 | N/A | $11,578,648 | $1,469,731 | $139,625 |
| Tropicana Evansville | $5,041,569 | N/A | $5,041,569 | $794,449 | $75,473 |
| Caesars Southern Indiana (formerly Horseshoe) | $3,706,414 | N/A | $217,523 | $528,502 | $50,207 |
| Belterra Casino | $2,441,693 | N/A | $2,441,693 | $375,488 | $35,671 |
| Rising Star Casino Resort | $110,300 | N/A | $110,300 | $20,076 | $1,907 |
| Majestic Star Casino | N/A | N/A | N/A | N/A | N/A |
| Majestic Star II | N/A | N/A | N/A | N/A | N/A |
*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.
Recent sports betting revenue for IN sportsbooks
The IN sports betting revenue report is updated every month. The page was updated on Dec. 18, 2019, and reflects information through Nov. 30, 2019.
| Casino | Handle | Retail Sports Betting Handle | Mobile Sports Betting Handle | Revenue* | 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 | $920,344 | N/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 million | N/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 million | N/A | $463,958 | $44,076 |
| Hollywood Lawrenceburg | $8.78 million | $8.78 million | N/A | $861,360 | $81,829 |
| Horseshoe Hammond | $12.96 million | $12.96 million | N/A | $671,826 | $63,823 |
| Indiana Grand*** | $4.19 million | $4.19 million | N/A | $199,083 | $18,913 |
| Tropicana Evansville | $2.01 million | $2.01 million | N/A | $125,452 | $11,918 |
| Rising Star | $110,300 | $110,300 | N/A | $20,076 | $1,907 |
2019 IN sports betting revenue
| Casino | Handle | Mobile Sports Betting Revenue* | Retail Sports Betting Revenue** | Total Sports Betting Revenue | Taxes (9.5%) |
|---|---|---|---|---|---|
| Total | $274,189,724 | $10,617,579 | $8,558,974 | $29,396,059 | $2,792,624 |
| Sept. 2019 | $35,215,416 | N/A | $8,558,974 | $8,558,974 | $813,103 |
| Oct. 2019 | $91,697,393 | $4,185,593 | $7,352,940 | $11,538,533 | $1,096,160 |
| Nov. 2019 | $147,276,915 | $6,431,986 | $2,866,566 | $9,298,552 | $883,361 |
*Mobile sports betting revenue includes gross receipts numbers prior to adjustments, as reported by the IGC.
**Retail sports betting revenue includes total adjusted gross revenue (AGR) less mobile gross receipts for the period.
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 Revenue | Mobile Sports Betting Revenue | Total 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.