NewsPublic Affairs / November 27, 2020

Hoosier Casinos Post Best Sports Betting Month In October

Original story from   IPBS-RJC

Article origination IPBS-RJC
Ameristar Casino in East Chicago generated the most sports betting tax revenue in October, the vast majority of it via its online sports book, Draft Kings.  - Justin Hicks/IPB News

Ameristar Casino in East Chicago generated the most sports betting tax revenue in October, the vast majority of it via its online sports book, Draft Kings.

Justin Hicks/IPB News

October marked one year since Indiana casinos started taking bets online. And last month was also the best month Hoosiers sports books have had yet.

Indiana, like most states, is in need of every penny of revenue it can get as it struggles through the pandemic. And sports gambling analysts say October’s gaming tax revenue delivered a positive sign for what they say is a sustainable gambling future.

Hoosiers generated more than $2 million in sports gaming taxes for the state in October, the first time Indiana crossed the $2 million mark.

The vast majority of sports bets – more than 83 percent – came from online gambling.

Industry analysts say October offered the most normal sports schedule since the pandemic began, meaning the $2 million-tax haul could help set long-term expectations for the revenue source.

Contact reporter Brandon at bsmith@ipbs.org or follow him on Twitter at @brandonjsmith5.

Support independent journalism today. You rely on WFYI to stay informed, and we depend on you to make our work possible. Donate to power our nonprofit reporting today. Give now.

 

 

Related News

Cummins To Close 300-Worker Memphis Plant
Bill Would Impose Signature Requirement On Statewide Libertarian Candidates In Indiana
Bill To Expand Assistance For State's Poorest Families Heads To Senate Floor