Sports Betting and Casino Revenue Up in December in Indiana

Sports Betting and Casino Revenue Up in December in Indiana
Fact Checked by Pat McLoone

Indiana wagering revenue, both in casino play and in sports wagering, had increases in December over the previous month.

For casinos, the December total casino win was about $206.36 million, an increase of 8.2% from November ($190.75 million). The taxable adjusted gross revenue (AGR) for December was almost $186.95 million, a jump of 5% from November’s almost $172.35 million. Indiana online casinos are not yet legal.

Sports Betting Mixed Bag

Regarding Indiana sports betting, the December handle was down from November, but the revenue was up. December’s sports wagering handle of nearly $503.13 million was a dip of 2.1% from November (about $513.67 million). However, December’s sports betting revenue (Taxable AGR) was almost $50.64 million, an increase of 64.8% from November ($30.73 million).

The mobile sports betting handle of about $491.04 million was about 97.6% of the statewide total.

As far as taxes were concerned, the December sports wagering tax of $4,810,719 was an increase of 64.8% over November ($2,919,257).

Comparing 2023 to 2022

For the calendar year of 2023, total sports betting handle was about $4.34 billion, a drop of 2.9% from 2022 (about $4.47 billion). The mobile sports betting handle was just about flat – about $4.172 billion in 2023 compared to 2022 (about $4.188 billion).

In 2023, Indiana added the Fanatics sportsbook and the ESPN BET sportsbook.

Indiana’s 2023 sports betting revenue was about $404.1 million, an increase of 4.4% from 2022 (about $387.03 million). The 2023 mark was new state record, topping the old record in 2022.

Back to December’s monthly gambling activity, the state’s top casinos in win were: Hard Rock Casino Northern Indiana (Gary) $36,225,035; Horseshoe Indianapolis $30,123,344; Horseshoe Hammond $23,615,065; Caesars Southern Indiana (Elizabeth) $21,040,374; Harrah's Hoosier Park (Anderson) $20,320,873.

Look for monthly reports on Indiana revenue at IndianaBets.com, where you also will find information on Indiana casino apps.

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Author

Bill Ordine was a reporter and editor in news and sports for the Philadelphia Inquirer and Baltimore Sun for 25 years, and was a lead reporter on a team that was a finalist for the Pulitzer Prize in Breaking News. Bill started reporting on casinos and gaming shortly after Atlantic City’s first gambling halls opened and wrote a syndicated column on travel to casino destinations for 10 years. He covered the World Series of Poker for a decade and his articles on gaming have appeared in many major U.S. newspapers, such as the Los Angeles Times, Chicago Tribune, Miami Herald and others.