Handle exceeds $500m for Indiana sports betting in March

April 15, 2024
By
Leer en Español

The report outlines key figures for a range of brands and establishments.

The latest Indiana Gaming Commission report for March 2024 provides a comprehensive overview of the state's gambling landscape, detailing tax revenues, wagering activity and other key metrics across various licensed establishments.

Total win during the month from the state's casinos was valued at $223.4m, with $38.7m coming from table win and $184.7m coming from EGD/slot win.

Sports wagering handle reached $500.8m for the month, with Ameristar Casino bringing in the most at $186.5m. In terms of taxable AGR, the total for sports wagering reached $39.4m in the state.

Total tax revenues from gambling operations in March amounted to $72.4m. This revenue is derived from multiple sources, including supplemental taxes, sports wagering taxes and other taxable adjusted gross receipts (AGR).

Among the top revenue-generating establishments, Hard Rock Casino Northern Indiana A emerged as the leader, contributing $9.5m to the state.

Other major contributors included Horseshoe Hammond, Caesars Southern Indiana and Ameristar Casino, each generating multiple millions in tax revenue.

A closer look at the breakdown of taxable AGR by establishment reveals the diverse nature of Indiana's gambling market.

Sports wagering activities, for example, played a significant role in revenue generation, with major contributions coming from online platforms such as DraftKings, FanDuel and BetMGM.

Other sportsbooks also made substantial contributions, with William Hill and Unibet among the key players.

The report highlighted the fact that table game activity and electronic gaming devices (EGDs) played a crucial role in driving revenue for licensed establishments.

Horseshoe Hammond and Hard Rock Casino Northern Indiana were among the leaders in table game activity, while Horseshoe Indianapolis and Caesars Southern Indiana reported high figures for EGDs.

At the back end of 2023, Indiana reported total win of $190.8m in November – a statistic that was achieved despite the fact that sports wagering AGR was down by 32.1% across the month.

State-by-State

Product Spotlight

Konami

Things get unruly in the company of some fleecy characters in the new Konami Gaming’s new Unwooly Riches slot series.

The top 5 properties that changed Las Vegas

Regular Gaming America contributor Oliver Lovat joins Tim Poole on the Huddle to discuss his 5 properties that changed Las Vegas - giving every resorts an influence rating out of 10. The question is: do you agree?

Peter Schoenke - Sports betting is here... but fantasy sports keeps growing

Peter Schoenke joins Tim Poole on the Huddle to discuss all things fantasy sports. His brand, RotoWire, is at the intersection of the affiliate and fantasy worlds, generating revenue from subscriptions, providing APIs to operators and via affiliate marketing. We discuss:


Within the states of Florida and California, Tribal gaming finds itself in a fascinating position. In Florida, only the Seminole Tribe, and Hard Rock, can provide mobile sports betting, with continued legal challenges f...

view-points
Viewpoints: Discussing the use of player loyalty programs
Industry experts answer Gaming America's burning questions on all things related to Tribal operators and player loyalty programs, including Rymax, CasinoTrac, OIGA, Mohegan and Choctaw Nation of Oklahoma.
52-54-fabio-ferreira
Sports betting regulation in Brazil: What can we expect?
Mattos Filho's Fabio Kujawski speaks to Gaming America about the uncertainty surrounding Brazil's roadmap to regulation and the need for a singular gaming authority.
companies-going-private
Going private: Gaming's new standard?
A state of neo-IPO: Gaming America investigates, as more and more companies come off the public market.
46-47-michael-hershman
Soloviev Group CEO: Moving to New York
The Soloviev Group, in collaboration with Mohegan, continues to wait on the NYGC for approval on its Freedom Plaza project. Gaming America spoke with Soloviev Group CEO Michael Hershman to learn more.