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

1409820537
Dollars of sports wagers

Total sports betting handle in IN history

109400946
Dollars of sports betting revenue

Total sports betting revenue in IN history

10381064
Tax dollars for the state

Total sports betting taxes to date for IN

Revenue for Indiana sports betting by operator since launch

Last updated: Oct. 9, 2020

 

CasinoTotal HandleOnline Sports Betting HandleRetail Sports Betting HandleTotal Sports Betting RevenueTaxes (9.5%)
Total$1,409,820,537$1,059,263,210 $350,557,327$109,400,946 $10,381,064
Ameristar (DraftKings)$646,858,296 $591,763,965 $55,094,331 $49,228,834 $4,676,739
Blue Chip Casino (FanDuel)$382,376,453 $357,648,323 $24,728,130 $23,213,811 $2,205,312
Horseshoe Hammond$85,292,650 $2,208,898 $83,083,752 $8,502,674 $807,754
French Lick (BetRivers)$67,304,316 $61,318,991 $5,985,326 $4,529,814 $430,333
Hollywood Casino Lawrenceburg (PointsBet)$81,152,896 $14,374,022 $66,778,874 $9,166,693 $870,835
Harrah's Hoosier Park*$42,701,029 N/A$42,701,029 $4,757,153 $451,929
Indiana Grand Casino**$35,127,365 N/A$35,127,365 $3,647,678 $334,505
Tropicana Evansville$14,676,137 N/A$14,676,137 $1,461,974 $138,888
Caesars Southern Indiana$14,758,077 N/A$14,758,077 $1,015,035 $96,428
Belterra Casino (BetMGM)$38,065,808 $31,271,695 $6,794,114 $3,812,660 $362,203
Rising Star Casino Resort (BetAmerica)$1,507,509 $677,317 $830,193 $64,621 $6,138
Majestic Star CasinoN/AN/AN/AN/AN/A
Majestic Star IIN/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.

Historic IN sports betting revenue

Here is a look at how each month of Indiana sports betting has gone:

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

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.