Indiana is quickly emerging as the sports wagering powerhouse of the Midwest due to a lightning fast rollout of retail and mobile sportsbooks, and DraftKings Sportsbook, in partnership with Ameristar Casino East Chicago, were on top in both wagering handle and revenue in October.
With land-based sports wagering starting in September and mobile sportsbooks launching just one month later, October figures released by the Indiana Gaming Commission (IGC) show explosive growth in overall wagers placed by bettors in the Hoosier State.
Indiana sports bettors wagered $91.7 million in October, a 161% jump over September’s $35.2 million handle, largely due to the launch of the state’s first three online sportsbooks. In addition to DraftKings, both FanDuel, with Blue Chip Casino in Michigan City, and Rush Street Interactive’s BetRivers, with French Lick Resort, launched online sports wagering apps in October, as well.
Ameristar Casino’s total handle was over $46 million, accounting for more than half of the state’s total handle. Bettors who wagered online with DraftKings accounted for $39.3 million or 85 percent of Ameristar’s handle.
Sports wagers through the BetRivers mobile app accounted for $6.3 million or 89 percent of French Lick Resort’s October handle of $7 million.
Blue Chip Casino reported $6.93 million in sports betting handle for the month, along with $903,326 in revenue. Despite a late launch on Oct. 22, Blue Chip’s online partner, FanDuel Sportsbook, was responsible for $2.4 million of that handle, more than 25%.
Mobile Sports Betting Just Getting Started
According to IGC, the state’s three online sportsbooks took in a total handle of $48 million in October, and yielded $4.2 million in gross revenue for the operators.
All 14 casinos, racinos and racetracks in the state that sought sportsbook licensing have been approved by IGC and offer live sports betting. Rising Star Casino launched its retail BetAmerica Sportsbook most recently, on November 11.
Indiana’s online sportsbook industry is brand new, and continued growth is in the works. Every gaming facility licensed for a retail sportsbook can operate up to three online skins.
Indiana sportsbook operators reported a total gross revenue of $11.5 million, 33% higher than September’s $8.6 million figure. In addition, the Indiana sports betting industry has generated nearly $2 million in revenue for the state after its first two months, due to a 9.5% tax rate on operators’ revenue.