The Indiana Gaming Commission has released its latest monthly revenue report revealing that Indiana sportsbooks posted a sports betting handle of $254,445,226 for the month of May — a 7.1% increase on April’s handle of $236,403,308.
While the industry has surged somewhat in the last few months, May’s figure is still well short of the record handle of $348,244,676 set in January 2021.
Ameristar Casino was the state’s market leader with a handle of $89,174,818 — $81,844,352 of which came through the casino’s online partnership with DraftKings. Bluechip Casino once again came in second place with a handle of $80,000,077. $79,295,853 of Bluechip’s handle came through the casino’s online partnership with FanDuel.
However, despite a smaller handle than the Ameristar, Bluechip Casino posted the highest taxable adjusted gross revenue (AGR) with a figure of $7,673,122 over $3M more than the Ameristar’s taxable AGR.
The total combined AGR for May came in at $18,853,192. This generated state taxes of $1,791,053.
Basketball remains the most popular sport with Indiana gamblers placing $82,372,377 on the sport during the month of May. This means that since January 1st 2021, the NBA and college basketball has attracted $793,054,021 in wagers in Indiana. Baseball was the next most popular sport attracting $50,513,137 in wagers for a year to date total $199,469,272.
Image credit: Christophe95 / CC BY-SA 3.0