Indiana sports betting handle reaches $283.4m for May; revenue at $33.8m
The Hoosier State has brought in nearly $4bn in handle so far this year.
The Indiana Gaming Commission has released its sports betting and casino revenue results for the month of May. The Hoosier State cleared total sports betting handle of more than $283.4m during May. Sports betting adjusted gross revenue for the month reached $33.8m.
Bettors statewide wagered more on parlay than on any other sports betting category last month, with bets reaching more than $79.4m. Hoosiers bet nearly $72m on basketball, close to $65m on baseball, $1.9m on football and another $68.9m on other events.
So far this year, Indiana’s sports betting handle has nearly reached the $4bn mark, according to the regulator’s latest statistics.
In a breakdown of sports betting results by casino, Blue Chip Casino and Ameristar Casino were neck and neck, with handles in May reaching $96.5m and $95.6m respectively. Other major May contributors included Belterra Casino with $26.4m handle and Harrah’s Hoosier Park in Anderson with handle of $25.6m.
In addition to sports betting earnings, Indiana’s 12 casinos walked away in May with a significant amount of revenue. Indiana’s casinos earned a combined total of $196.4m in revenue during May. Hard Rock Casino Northern Indiana took first place in earnings, with more than $33.7m in revenue during the month.
Horseshoe Indianapolis and Horseshoe Hammond grabbed the number two and three spots and raked in $27.9m and $24.5m respectively.
Slot machines brought in close to $162.2m in revenue last month, along with another $34.3m coming from table games.
During the month of May, Indiana’s casinos paid a total of nearly $4m in supplemental taxes to the state, along with a sports wagering tax amount of nearly $3.2m. Wagering taxes during May came to $58.1m.
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