Indiana Sports Betting Revenue

Updated on February 10, 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

591457198
Dollars of sports wagers

Total sports betting handle in IN history

38498495
Dollars of sports betting revenue

Total sports betting revenue in IN history

5153462

Total sports betting taxes to date for IN

Revenue for Indiana sports betting by operator since launch

Last updated: Feb. 10, 2020

 

CasinoTotal HandleMobile Sports Betting HandleRetail Sports Betting HandleTotal Sports Betting RevenueTaxes (9.5%)
Total$605,877,195$371,167,217$234,709,978 $53,974,879 $5,153,462
Ameristar (DraftKings$271,735,086$236,154,020$35,581,066$22,478,941$2,135,499
Blue Chip Casino$131,353,514$111,583,519$19,769,995$9,052784$860,014
Horseshoe Hammond$59,711,911N/A$59,711,911$7,424,915$705,367
Hollywood Casino Lawrenceburg$37,607,323N/A$37,607,323$4,614,292$438,306
French Lick (BetRivers)$35,323,721$23,337,927$11,985,794$2,396,334$227,653
Harrah's Hoosier Park*$28,314,379N/A$28,314,379$3,576,793$339,795
Indiana Grand Casino**$21,172,195N/A$21,172,195$1,994,786$189,505
Tropicana Evansville$9,012,718N/A$9,012,718$937,338$114,948
Caesars Southern Indiana$7,683,685N/A$7,683,685$865,433$82,216
Belterra Casino (BetMGM)$3,390,503N/A$3,390,503$585,026$55,577
Rising Star Casino Resort$572,160$91,751$480,409$48,237$4,582
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.

Historic IN sports betting revenue

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

January 2020

CasinoHandleRetail HandleOnline HandleRevenueTaxes (9.5%)
Total$170,813,253$47,440,408/b>$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.