The latest monthly revenue report Indiana Gaming Commission has revealed that sports betting activity in the Hoosier State is on the rise again as sportsbooks reported accepting over $476.8 million in wagers during the month of March.
Basketball was the most popular sport at Indiana sportsbooks with over $274 million wagered on the sport thanks to the March Madness NCAA tournament.
The latest monthly data marks a 16.54% increase on February’s handle of $409.1 million, but still falls short of January’s all-time record sports betting handle of $500 million.
Ameristar Casino was the Indiana sports betting market leader once again reporting more than $145.8 million in wagers. This was $18.4 million more than the previous month. Of that figure, $140.9 million came through the casino’s mobile betting partnerships with DraftKings and theScore. Meanwhile retail sports wagers at the casino amounted to $4.9 million, up by $1 million on the previous month.
Ameristar’s closest competitor, Blue Chip Casino, reported accepting over $143.8 million during March, an increase of $35.7 million on February’s figure.
Hollywood Lawrenceburg remains the retail market leader accepting over $12.75 million in wagers during March, an increase of $2.25 million on the previous month.
Despite accepting fewer wagers than Ameristar, Blue Chip was the leader for the month in terms of adjusted gross revenue (AGR) as the operator reported an AGR of $12.1 million, significantly more than Ameristar’s $7.4 million.
Combined AGR for the month almost doubled from the previous month to $32.27 million. This resulted in state taxes of just over $3 million.
Basketball was the most popular sport at Indiana sportsbooks with over $274 million wagered on the sport thanks to the March Madness NCAA tournament. Meanwhile only $2 million in wagers were placed on football and $1.5 million on baseball.
Image credit: Keenan / CC BY-SA 2.0
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.
