Indiana Gaming Update: Sportsbooks, Casinos End 2021 on a Strong Note

The net totals are in for Indiana gaming inward 2021, and sportsbooks had plenitude of reasons to celebrate.

In the arcsecond total calendar yr of sports betting, and a year that more intimately resembled the traditional sports calendar, Indiana’s sportsbooks and peregrine apps recognised $3.8 1000000000 inwards wagers. That’s according to the monthly information reports posted past the Indiana Gaming Commission (IGC).

The sportsbooks won $306 one thousand thousand away those wagers, and the say of IN received nearly $29.1 billion inward task revenue away the 144 receipts.

For compare purposes, Indiana’s 12 casinos generated wagering taxes of $53.6 billion inward December alone.

A real warm quaternary quarter helped buoy the sports betting numbers, especially the handle. In all 3 months, the monthly grip exceeded $460 gazillion and was topped by a record-setting $463.7 jillion handle inward November.

December Sports Betting Handle Nearly Matches November

December’s grip could non top of the inning November, but it came close. The IGC reported a monthly palm of $463 million. Still, it marks the second-highest handle the state’s recorded.

Sportsbook revenues, however, plunged from $47.7 trillion inward November to $25.8 meg inward December. Comparatively, the state’s part dropped sharply as well, from $4.5 gazillion to $2.4 million.

From a sports perspective, basketball game edged out football game from a handle-by-sport perspective, $148.5 jillion to $141.8 million. That’s likely due to the fact at that place were fewer college football game games during the month.

Neither sports total includes parlays, which the IGC breaks come out separately. The IGC reported $117.3 1000000 inwards parlay bets for December.

Online apps henpecked one time again, with DraftKings posting the largest handgrip at $148.2 million. FanDuel finished second at $120.5 million. But FanDuel did cover higher revenues. It took inwards $7.5 one thousand thousand inwards winnings, compared to DraftKings’ $6.4 million.

Caesars, with its combination of brick-and-mortar sportsbooks and its app, reported a combined handgrip of $65.7 trillion and winnings of $2.7 million. BetMGM won $3.6 one thousand thousand of the $49.9 zillion it took inwards bets.

Indiana Casino Revenues Rebound from COVID

Indiana’s casinos reported familiarized gaming revenues (AGR) of $2.33 1000000000 for the 2021 calendar year, based on the IGC’s monthly reports. The data shows a warm indorsement half of the year, which coincided with the nation ending several COVID-19 restrictions.

Horseshoe Hammond reported the highest yearly tot AGR at $390.7 million. However, the Caesars Entertainment-owned cassino and the Hoosier casino closest to the IL body politic line of merchandise testament likely experience stiff rivalry for that form of address next year.

That’s because the state’s newest casino, Hard John Rock Northern Indiana, has reported higher monthly AGR totals for to each one of the past times iii months. In December, the Gary casino reported revenues of $31.2 zillion compared to Horseshoe’s $29.8 million.

For the net month of the year, the state’s 12 casinos reported a amount AGR of $203.2 million. That’s upwardly from the $143 meg reported inward December 2020. It also represents an growth from the $179.8 one thousand thousand reported inwards Dec 2019.

The additional gaming revenue agency additional revenue enhancement money for the state. Robert Indiana received nearly $53.7 1000000 inward wagering taxes for December. Wagering taxes are assessed on a graduated weighing machine based on revenues generated during the fiscal (July-June) year.

Tax rates for casinos run from 15 percent for the first of all $25 jillion inward AGR to 40 percent for revenue beyond $600 million. The place for revenues betwixt $150 million and $600 billion is 35 percent. The nation taxes racinos at 25 percent of AGR for the first-class honours degree $100 million, 30 percent for revenues 'tween $100 one thousand thousand and $200 million, and 35 percent for revenues prodigious $200 million.

For the 2021 calendar year, Indiana’s casinos and racinos generated $576.8 billion in wagering taxes.

Indiana also assesses a supplemental tax on all of its casinos except for its deuce racinos, Indiana Grand and Harrah’s Hoosier Park, and the French Lick Resort. That tax, assessed at $3 per somebody entering a casino, generated $4.3 zillion in December. The supplemental assess is dual-lane evenly 'tween the state, the casino’s boniface city, and its host county.

The casinos generated supplemental taxation revenues of $49 zillion for the 2021 calendar year.

The res publica expects to a greater extent cassino gaming revenue inwards the coming years. Last month, the commissioning officially awarded its 13th casino permit to Churchill Downs Inc. to establish a casino in Terre Haute.