Indiana sports betting handle reaches $238.1m for August; revenue at $23.5m
Though sports betting handle experienced a slight rise year-over-year, casino win was down 5.7%.
The Indiana Gaming Commission (IGC) has released its revenue report for the month of August, posting overall casino win of $194.1mn. This represents a 5.7% decrease from August 2022.
Earlier this month, the IGC also released its FY2023 report, which showed a 2.5% drop in adjusted gross revenue year-on-year during the period ended June 30, 2023. The Hoosier State generated $2.36bn during this financial period.
The Indiana casino that brought in the most revenue during August was Hard Rock Casino Northern Indiana, with $31.6m. This also represents a slight decrease year-on-year of 3.4%, though the property remained the top-earning casino in both August 2022 and 2023.
Table games made up $31.9m of the overall casino win while slots accounted for $162.2m. These numbers have also decreased year-on-year by 14.6% and 3.7%, respectively.
In terms of sports betting, overall handle for the state reached $238.1m, a small but relative increase from August 2022 handle, which reached just shy of $238m.
However, taxable adjusted gross revenue from sports betting in Indiana was $23.5m for August, a slight decrease from $25.4m the previous year.
Handle-wise, Ameristar Casino was responsible for $95.7m of August 2023’s total handle, and for $73.3m in 2022, leading the table both years.
Ameristar Casino uses DraftKings as its sports betting partner, while Blue Chip Casino, which had the second-highest handle of $71.1m this month, partners with FanDuel. The third-place handle, $20.7m was generated by Harrah’s Hoosier Park and its partner Caesars Sportsbook.
In August 2023, parlay bets represented $70.7m of Indiana’s total handle and baseball bets reached $66.8m. The year prior, these numbers were nearly swapped with baseball handle at $77.6m and parlay betting handle at $64.7m in 2022.
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