Indiana Gaming Commission (IGC) has released a report on State’s sportsbook and sports betting, showing that they accepted almost $91.7 million in stake in October. This is about a 160 percent increase compared to the September’s $35.2 million stake. While the other 12 States which have legalized sports betting are yet to give their October report, Indiana will likely be ranked the fourth behind New Jersey, Nevada, and Pennsylvania.
Mobile betting has dramatically contributed to an increase in gaming activities in Indiana since they were permitted last month.
DraftKings, which is taking the lion share, reported receiving $39.4 million in stake, followed by BetRivers, which partners with French Lick Casino with $6.3 million. FanDuel, with its partner Blue Chip reported receiving $2.4 million stakes in October.
While mobile betting was a significant drive, sportsbooks’ revenue has also shown a slight increase from the previous month. The IGC report shows that sportsbook revenue increased from $8.6 million to $11.5 million. The sportsbooks paid $1.1 million in taxes to the state of Indiana.
Retail Sportsbooks near Border Post a Growth
Retail sportsbooks near the bordering metropolitan were the top performer in Indiana. Casino.org. reported that Horseshoe Hammond nearing Chicago was the top in retail sportsbooks with a stake collection of $10.7 million. Hollywood Lawrenceburg, which is 30 minutes’ drive from Cincinnati followed at far with $6.9 million. Ameristar Casino in East of Chicago reported a $6.8 million.
The three retail sportsbooks also reported growth in the second month of their operation. They are also part of the casino, which has been authorized for sports betting. In all gaming activities, Horseshoe Hammond posted an adjusted gross revenue (AGR) of $33.8 million, Ameristar East Chicago $16.1 million, and Hollywood Lawrenceburg $13.3 million.