Indiana Casino and Sports Betting: State Rakes in $4B through 2021

Indiana Casino and Sports Betting: State Rakes in $4B through 2021

Indiana has generated nearly $4 billion in wagers through 2021, with the region’s online and retail sportsbooks finishing the year with another busy month. Indiana’s sportsbooks took in $463 million in wagers during the month, up 47.9 percent from $313.1 million a year before. 

In addition, wagering fell just shy of November’s record $463.7 million handle, as betting volume slowed to $14.9 million per day for the 31 days, down from $15.5 million per day in November.

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Sportsbooks earned $26 million in December, up 18.2% from $22 million in December 2020, but fell short of November’s record $47.1 million. The month’s victory generated $25.8 million in taxable revenue, generating $2.5 million in state taxes. Indiana generated $3.8 billion in online and retail wagers in 2021, up 116.4 percent from $1.8 billion in 2020; as well as $307.6 million in gross income, $3.4 billion in online wagers, and $29 million in state taxes, representing increases of 125.5 percent, 132%, and 120.6 percent, respectively.

Online wagering accounted for $422.8 million, or 91.3 percent, of December’s volume, with the remaining $40.2 million coming from retail sportsbooks in the state. DraftKings led the state’s online betting industry in December with $148.2 million in wagers, down from $166.2 million in November. The sportsbook earned $6.4 million in gross revenue from those wagers, down from $12.6 million in the previous month.

FanDuel came in second with $120.5 million in online wagering, up from $109.8 million in November, and led all operators in total revenue with $7.5 million, down from $15.6 million in November. Hollywood Lawrenceburg remained the state’s largest retail sportsbook, with wagers totaling $13.9 million, up from $12.7 million in November. Ameristar East Chicago came in second place with a $5.7 million take, followed by Indiana Grand ($4.9 million), Harrah’s Hoosier Park ($4.7 million), and Horseshoe Hammond ($4.5 million).

Quotes from the Press Release

“2021 should be regarded as the year when Americans truly accepted online sports betting, especially following a turbulent 2020,” said Eric Ramsey, a PlayUSA analyst. However impressive the year was, the market is far from finished growing. Sportsbooks continue to attract new customers, and operators continue to introduce novel offerings.

“At the same time, Hoosiers are growing more comfortable with sports betting in general and are becoming more receptive to less traditional types of wagering such as in-game betting.”

“The key concern for operators in the next year is how legalization in Ohio would affect Indiana’s sportsbooks, particularly retail sportsbooks located near the state border.” Jake Garza, an analyst for PlayIndiana, was also added. The Hoosier State has expanded in tandem with Illinois and Michigan, and should continue to do so despite growing competition from another neighbor.”

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About Lou De Aguila

Lou Ramon Aguila is a contributor for Golden Casino News. He has a degree in BSBA Legal Management with great interest in high-profile legal cases involving sports personalities. An ultimate sports junkie, he covers just about everything in the sporting world with an emphasis on the NBA, NFL, and MLB. In his past time, Lou loves to read manga, watch anime and critique pro-wrestling matches.