Indiana Sports Betting Revenue

Updated on January 15, 2020

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

425998639
Dollars of sports wagers

Total sports betting handle in IN history

38498495
Dollars of sports betting revenue

Total sports betting revenue in IN history

3931665

Total sports betting taxes to date for IN

Revenue for Indiana sports betting by operator since launch

Last updated: Jan. 15, 2020

CasinoTotal HandleMobile Sports Betting HandleRetail Sports Betting HandleTotal Sports Betting RevenueTaxes (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$32,625,920N/A$32,625,920$4,468,073$424,467
Hollywood Casino Lawrenceburg$20,940,563N/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*$17,465,932N/A$17,465,932$2,816,539$267,571
Indiana Grand Casino**$11,578,648N/A$11,578,648$1,469,731$139,625
Tropicana Evansville$5,041,569N/A$5,041,569$794,449$75,473
Caesars Southern Indiana (formerly Horseshoe)$3,706,414N/A$217,523 $528,502$50,207
Belterra Casino$2,441,693N/A$2,441,693$375,488$35,671
Rising Star Casino Resort$110,300N/A$110,300$20,076$1,907
Majestic Star CasinoN/AN/AN/AN/AN/A
Majestic Star II N/AN/AN/AN/AN/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.

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

2019 IN sports betting revenue

CasinoHandleMobile Sports Betting Revenue*Retail Sports Betting Revenue**Total Sports Betting RevenueTaxes (9.5%)
Total$274,189,724$10,617,579$8,558,974$29,396,059$2,792,624
Sept. 2019$35,215,416N/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 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.