Betting News

Indiana Crosses $1 Billion in All-Time Sports Betting Handle

The Indiana Gaming Commission crossed $300 million in bets in the month of December last year, thereby making Indiana a $1 billion sports betting state and earning a spot for it among the top five legal sports betting states of US along with New Jersey, Nevada, Pennsylvania, and Illinois.

Indiana’s $1.23 billion annual handle for the year 2020 was achieved after drawing $313.1 million from bets in December. This was known after IGC published its official report yesterday.

According to PlayIndiana’s analysts, December’s bets were up by 93.5% in comparison to the previous year’s wages.

The major contributor was football bets with a 32% contribution, followed by basketball, which made up 29% of the handle. 

Online betting was responsible for gathering 84% of December’s handle, equivalent to an amount of $263.1 million, while retail sportsbook contributed to $50 million wagers. Hollywood Lawrenceburg led retailers brought in another $12 million of the handle.

Among all the casinos and betting channels, Penn Gaming’s Ameristar Casino located in East Chicago pulled $125 million. This was possible because several casinos have tagged up with the Ameristar Casino and have linked their mobile skins to it. Some of these casinos are DraftKings, The Stars Group, PointsBet, etc.

It was also estimated that December’s wagers from sports betting in Indiana were able to generate $24.1 million gross operator revenue approximately and contributed $2.3 million towards state taxes. These figures were obtained from PlayIndiana’s own calculations and analysis. It was noted that the gross operator revenue had almost doubled from 2019’s revenue. All the figures have significantly increased from December 2019’s wagers.

Penn National Gaming Inc. owns, operates, and has ownership interests in about 41 gaming and racing properties in 19 states of the US. They also own several video game terminal operations with slot machines.

Their properties include 50000 gaming machines, 1300 table games, and 8800 hotel rooms. Penn National also offers live sports betting at many of its properties.

Additionally, it also operates an interactive gaming division through Penn Interactive Ventures, LLC, a subsidiary division. It recently launched iCasino in Pennsylvania. Penn National has also officially announced that it will soon rebrand its own retail sportsbook as the Barstool Sportsbook. It has also launched Barstool Sportsbook apps in Pennsylvania last September.

David Bright

David Bright joined Times of Casino as a news writer focused on the casino industry. He holds a bachelor degree in Economics and Accounting and currently contributing in-depth news articles. David writes on the casinos, gambling legislation, poker, and much more.

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