Indiana Casino Revenue, Sports Betting Handle Climb in March

Indiana’s casinos collectively saw an increase in revenue for March 2023 over the previous month. Meanwhile, Indiana sports betting in the basketball-crazed state also had a sharp rise from February.

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For casinos, the March total casino win was about $224.7 million, a 9.7% jump from February ($204.9 million), and the taxable adjusted gross revenue was $211.4 million, an increase of 10.2% from February ($191.8 million).

In the comparison with February 2023, it’s reasonable to note March had an advantage of three more calendar days, but the same number of weekend days.

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Indiana Sports Betting: March vs. February

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March Madness Dominates Sports Betting Revenue In Indiana

In sports wagering, as college basketball’s March Madness took center stage, the total handle was $443 million, an increase of 21.6% from February 2023 ($356.2 million) and down 9.2% from March 2022 ($476.8 million).

The March online sports betting apps handle of $410.1 million was about 92.6% of the state’s total sports betting handle.

The March sports betting revenue (Taxable AGR) was more than $42.8 million, a jump of 54.8% from February ($27.7 million) and also an increase of 32.7% from March 2022 ($32.3 million).

Among individual casinos, the March win figures were: Hard Rock Casino Northern Indiana (Gary) $39.67 million; Horseshoe Indianapolis $33.64 million; Horseshoe Hammond $29.17 million; Caesars Southern Indiana (Elizabeth) $23.63 million, and Harrah’s Hoosier Park (Anderson), $21.26 million.

Both Horseshoe casinos feature retail Caesars Sportsbook locations.

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Bill Ordine

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.