The latest monthly revenue report from the Indiana Gaming Commission has revealed that the state’s licensed sportsbooks set a new all-time monthly record by accepting over $500 million in wagers throughout the month of January.
The latest figures mark a 7.99% increase in wagers from the previous month’s handle of $463 million and an 8% increase on November’s record handle of $463.7 million. January is also the fourth month in a row that the state’s sportsbooks handled more than $460 million in wagers.
Ameristar Casino remains the market leader accepting more than $168.9 million in wagers during the month, an increase of just under 9% from the previous month. This amounted to a 33.7% share of the market, up slightly from December. Of that figure, $162.1 million came through the casino’s mobile betting partnerships with DraftKings and theScore. Meanwhile retail bets at the casino’s sportsbook came to $6.7 million.
Blue Chip Casino was the nearest competitor taking in $127.2 million in wagers throughout the month, just over $6 million more than in December. Harrah’s Hoosier was next on the list with an overall handle of $59.3 million.
The retail sports betting market was once again led by Hollywood Lawrenceburg as its sportsbook accepted $13.2 million in wagers. This was slightly less than the $13.8 million reported in the previous month.
Despite not leading the market, Blue Chip Casino continues to post the highest adjusted gross revenue (AGR) in the state. The casino posted over $12.1 million in AGR, over $1 million more than Ameristar Casino.
Combined AGR for the month came to $35.5 million. As a result, sports betting taxes for the month amounted to $3.3 million.
Although Super Bowl betting surged throughout the month, basketball remains the most popular sports as local gamblers placed over $192.3 million on the sports compared to just $118.2 on the NFL.
Based in London, Natasha is a former sports journalist with experience working for some of the biggest athletes & brands in the world of sports and iGaming.