Home Sports Betting News Growing Indiana Betting Market Experiencing Thriving GGR

Growing Indiana Betting Market Experiencing Thriving GGR

Growing Indiana Betting Market Experiencing Thriving GGR
Sports betting operators in Indiana have experienced a revenue growth of 29%

Indiana-based sportsbooks including both land-based and online operators active within the state’s borders had an extremely successful December according to the latest financial reports. It was revealed that Indiana land-based and online sportsbooks saw a massive increase of around 29% in their gross gaming revenues for December which equals to around $12 million as well as to around $1.1 million in taxes.

According to one report from PlayIndiana.com from several days ago, sportsbooks that are active in the state processed around $161.8 million in wagers in December which equals an amazing rise of around 10%. According to the main gaming authority in the state, the Indiana Gaming Commission, around 69.5% of these bets were placed at the state’s four fully licensed and regulated online bookies.

Indiana Becoming the Fourth-Biggest USA Sports Betting Market

Speaking of the Indiana sports betting industry, it is definitely thriving in every sense. The very first land-based sportsbook in the state opened its doors in September of last year, while the state’s online sports betting market finally went live one month later in October. As in other states, online sports betting operators that want to operate within the state’s borders must partner with brick and mortar operators in order to fully legally provide their online sports betting services.

While almost every major online sports betting operator has a certain path into this growing market, only several of them including DraftKings, FoxBet, PointsBet, William Hill, Caesars, FanDuel and BetMGM among several other are running so far. When it comes to land-based sportsbooks, a number of brick and mortar casino operators offer sportsbooks within their facilities including Ameristar Casino Resort, and Blue Chip Casino.

All in all, with so many profitable online and land-based sportsbooks thriving in the state, Indiana has become the fourth-biggest USA sports betting market its land-based and online sportsbooks have generated around $433.4 million in wagers as well as around $42.7 million in gross gaming revenues since sports betting has been legalized in the state of Indiana in September of 2019.

According to local news outlets, this massive success of the state’s sports betting market can only become even bigger as the National Football League’s playoff season starts and as college football, and the National Basketball Association games intensify in the months to come. As reported by Dustin Gouker, the state may surpass that $1 billion mark in wagers by the month of March with the National Football League’s playoff season. If this happens, Indiana will become of the biggest legal sports betting jurisdictions in the United States to reach this mark.

Thriving Online Sports Betting Market

Aside from the growing popularity of land-based sportsbooks in the state, the state’s online sports betting market is following the same steps. As reported by PlayIndiana.com, one of the state’s most popular online bookies DraftKings led the online market in December as its widely visited domain licensed by Penn National Gaming Incorporated’s of Ameristar Casino and Hotel East Chicago generated around $66.7 million in wagers and around $5 million in gaming revenues.

DraftKings is followed by the FanDuel online sports betting service which is operated in a business partnership with Body Gaming Corporation’s Blue Chip Casino Hotel and Spa which generated around $36 million in wagers and around $2.2 in revenues.

Moreover, the latest financial results for the previous month also suggest that the sportsbook within Caesars Entertainment Corporation-operated Horseshoe Hammond facility had led the state’s land-based sports betting industry in December as the venue processes wagers worth around $13.4 million while it also generated around $1.1 million in gross receipts.

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