Industry analysts say October offered the most normal sports schedule since the pandemic began, meaning the $2 million-tax haul could help set long-term expectations for the revenue source. The vast majority of sports bets – more than 83 percent – came from online gambling. Hoosiers generated more than $2 million in sports gaming taxes for the state in October, the first time Indiana crossed the $2 million mark. 12, 2023 Indiana sports betting handle rose to 404.1 million in September, an increase of 69.7 month-over-month and 5.6 year-over-year. And sports gambling analysts say October’s gaming tax revenue delivered a positive sign for what they say is a sustainable gambling future. Indiana, like most states, is in need of every penny of revenue it can get as it struggles through the pandemic. View the latest odds and bet online legally, securely, and easily with the top rated sportsbook. And last month was also the best month Hoosiers sports books have had yet. October marked one year since Indiana casinos started taking bets online. Those companies gained even more steam in recent years as additional states legalized online sports gambling.Ameristar Casino in East Chicago generated the most sports betting tax revenue in October, the vast majority of it via its online sports book, Draft Kings. The venue is accessible off of Exit 16 on I-275. The casino is on the banks of the Ohio River and is about thirty miles west of Cincinnati. Hollywood Casino Lawrenceburg is in the southeastern end of Indiana near the borders with Ohio and Kentucky. Revenue at DraftKings, FanDuel, Caesars Sportsbook and BetMGM soared during the pandemic as more fans with time on their hands placed bets. It was acquired by Penn National in 2004, who renamed the venue under its Hollywood brand. The broadcaster wants to grow revenue by serving sports gambling fanatics, while Penn was looking for a new sports betting partner after severing its partnership with Barstool, Brandt said,įor both companies, what's at stake is grabbing a piece of the rapidly growing sports gambling industry. The states that first will offer ESPN Bet are:Ĭreating ESPN Bet is a strategic move for both Penn and ESPN. You need to know the following about virtual betting: You will have to form a coupon yourself - a beginner can cope with this task Before closing the card, you can correct it in any way - by adding new and deleting old outcomes It is convenient to bet on sports both from a. They think they can offer a better product.' About making an online forecast in best sports bet apps. 'They want to make it like one-stop shopping where you go to check the score and there's your betting opinions right there. Check out the best betting sites for bettors in the Hoosier State.

'ESPN and Penn believe they can infiltrate this market,' Andrew Brandt, a sports business professor at Villanova University, told CBS MoneyWatch. Sports betting in Indiana has been legal online/on mobile and in retail settings since September 2021.

Casino sports betting indiana