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Indiana Sportsbooks Submit Sturdy Deal with, Income Totals in October


Posted on: November 13, 2022, 05:29h. 

Final up to date on: November 13, 2022, 06:19h.

Final month, Indiana sportsbooks posted one in every of their finest months ever since sports activities betting went dwell within the state three years in the past.

Indiana Assembly Hall
Simon Skjodt Meeting Corridor, residence to the Indiana Hoosiers school basketball staff. In October, Indiana’s sportsbooks posted their sixth-best deal with ever at $446.2 million, and the taxable AGR of $46.9 was the third-best because the state legalized sports activities betting three years in the past. (Picture: IUHoosiers.com)

In October, the state’s retail sportsbooks and on-line wagering apps took $446.2 million in wagers for October, in keeping with info the Indiana Gaming Fee launched this week. That’s the highest complete since Hoosier bettors wagered $476.8 million in March. October’s deal with can be the sixth- largest recorded within the state.

The sportsbooks additionally had one in every of their most worthwhile months, too. Whereas the $46.9 million taxable adjusted gross income (AGR) was down greater than $4 million from the report $51.2 million reported in September, it’s nonetheless the third-highest taxable AGR reported within the state.

At a tax charge of 9.5%, the state acquired barely lower than $4.5 million.

For the calendar yr, Indiana sportsbooks have reported a deal with of $3.58 billion. That’s up 23.5% from the identical time span final yr. The sportsbooks’ taxable AGR of $304.3 million has led to the state receiving $28.9 million by the primary 10 months of the yr.

The return of soccer over the previous two months has actually helped sportsbooks submit sturdy numbers. However with the NBA’s return in October and school basketball resuming this month, Indiana ought to proceed to see features in deal with for the subsequent few months.

High Two Apps Account for 64% of Deal with

DraftKings and FanDuel had been the clear leaders in Indiana final month.

DraftKings reported a deal with of $149 million and gross receipts of $12.4 million, whereas FanDuel took $135.1 million in wagers and had $18.1 million in gross receipts.

BetMGM had a deal with of $42.8 million and revenues of practically $4.5 million. Caesars Sportsbook’s community of retail sportsbooks throughout Indiana and its on-line app produced a deal with of $48.6 million and revenues of $4.8. The web app accounted for $32.6 million in deal with and revenues of $2.4 million.

Barstool Sportsbook, which has an app and two brick-and-mortar sportsbooks at Penn Leisure’s Ameristar East Chicago and Hollywood Lawrenceburg casinos, completed October taking $31 million in bets and had revenues of $3.3 million.

BetRivers took $11.2 million in wagers final month and recorded an AGR of $584,315. PointsBet had a deal with of $9.9 million and revenues of $766,088, and Onerous Rock Sportsbook reported a $10 million deal with, with the web sportsbook taking $8.8 million in wagers in its second month of operation. The web app additionally accounted for $465,352 of Onerous Rock’s $739,030 in AGR.

Onerous Rock is one in every of three on-line sports activities betting operators which have formally opened within the state because the begin of the soccer season. The others are MaximBet and SBK.

Indiana On line casino AGR Up From September

Indiana’s casinos produced a mixed AGR of $194.7 million and taxable AGR of $189.2 million. These figures are up $2.4 million and $2.3 million, respectively from September, however are down $7.2 million and $7.1 million from October 2021.

Onerous Rock Northern Indiana continues to be the Hoosier State’s high on line casino, because the Gary facility reported taxable AGR of $34.5 million. Horseshoe Hammond was subsequent at $27.9 million, and Horseshoe Indianapolis reported taxable AGR of $23.6 million.

Caesars Southern Indiana was the state’s high on line casino among the many state’s six southern operators at $20.1 million.

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