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
|Total handle||Mobile handle||Revenue (taxable AGR)|
|Change||Up 21.6%||Up 21.1%||Up 54.8%|
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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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