Indiana sports betting handle tops $170M record in January
Northwest Indiana’s five casinos scored a 14.5% increase in YoY gaming revenues
In January, Horseshoe had a handle of about $13.7 million and taxable adjusted gross revenue of $1.8 million.
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ports bettors wagered $170.8 million through Indiana casinos and mobile applications in January — a new record.
Indiana’s sports wagering handle last month was 5.57% greater than the $161.8 million bet on sports in December, according to data released Monday by the Indiana Gaming Commission. In comparison, Indiana saw 9.9% growth in its sports wagering handle in December versus November, 60.7% growth in November from October, and 160.4% growth in October relative to the first month of legal sports wagering in September.
“I think it’s more the weather, but sportsbooks did play a role,” said Dan Nita, regional president for Caesars Entertainment, Horseshoe Hammond’s parent company, as reported by Chicago Tribune.
“We’re very pleased at Horseshoe with the continued growth in retail sports betting volume,” Nita said. “Sportsbooks have had positive results for Horseshoe and Northwest Indiana.”
Horseshoe Hammond, Ameristar in East Chicago, Blue Chip Casino in Michigan City and Majestic Star I and II casinos in Gary took in a combined total of approximately $75.4 million in gaming revenues in January, compared to about $66 million in revenues in a much colder January 2018. Every casino posted increases, according to the monthly revenue report released Feb. 10 by the Indiana Gaming Commission.
Majestic Star I took in $6.9 million compared to $6.5 million, a 6% climb, and Majestic Star II brought in $4.4 million compared to $4.3 million, a 2.3% increase. “I think it’s a great way to kick off 2020,” said Nita, who added that Horseshoe saw growth in both coin in and table drop.
